Karbon Speed Announces Sale of Business

November 6, 2013 ENCINITAS, CA – Karbon Speed LLC, a Texas company, announced it sold all of its assets to a California company led by cycling industry veteran, Chris Evertsen. Since Karbon Speed™ began selling its aerodynamic carbon wheels through a "direct-to-consumer" model in 2012, the brand has gained a reputation among triathletes and competitive cyclists as the source for high-quality, high-performance aerodynamic carbon wheels and components.

Karbon Speed XA™ wheels have a wide fairing profile design that offers excellent aerodynamics and performance. Purchasers can select from several models and a variety of upgrades in spokes and hubs, as well as custom lacing, to create a personalized wheelset that meets a rider's specific needs but at a reasonable price. A selection of tires and cassettes are also offered so that the wheels can arrive "ready to ride."

"We worked hard to create a solid value proposition for cyclists" stated James Blair, CEO of Dallas-based Karbon Speed LLC, "I believe that Chris, with his expertise in wheel building and long history in the cycling and motor sports industries, is in a great position to take the Karbon Speed brand to the next level. We look forward to seeing continued growth."

Chris Evertsen, CEO of the acquiring company, Karbon Speed LLC, an Encinitas, California based company, was effusive in his praise for the team that built the business, stating "It was a pleasure getting to know James and his team. They've done a great job of creating some superb products. I'm thrilled to have the opportunity to continue building the business. Like the razor guy said-I liked these wheels so much, I bought the company!"

Based in Encinitas, California, the new company is continuing the mission of offering top-quality aerodynamic carbon wheels and other gear for reasonable prices while offering customers greater latitude in customizing wheels to suit their riding needs. All of Karbon Speed's wheels are built by hand at Karbon Speed's facilities in California by master wheel builders using top quality hubs from White Industries, Chris King, Powertap and others, and with spoke options from Sapim, Wheelsmith and DT Swiss. Chris Evertsen adds, "At Karbon Speed, we sell wheels for less, we don't make them for less."

For additional information about Karbon Speed wheels and components, visit www.karbonspeed.com. For press and media inquiries, please contact press@karbonspeed.com or call +1-760-230-5560.