Cycle Country Accessories Corp. Uncovers Misappropriation of Funds by Chairman of the Board;Chairman Admits to Misappropriation and Resigns

SPENCER,Iowa–(BUSINESS WIRE)–Cycle Country Accessories Corp. (AMEX:ATC) announced that it has uncovered a misappropriation of funds by its Chairman of the Board of Directors,L. G. (Bob) Hancher,Jr. Mr. Hancher had served on the Board of Directors of the Company since 2001. The discovery occurred in connection with the audit of the Company’s financial statements for the period ending September 30,2009. Mr. Hancher admitted to the misappropriation and resigned from the Board. In Octobe

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