Cycliq launches US version of online sales portal

By Trevor Hoey. Published at Jun 7, 2017, in Technology

Leading distributor of combined high definition camera and lighting combinations for bicycles, Cycliq Group (ASX:CYQ) has launched a US version of its online sales portal which will allow independent bike dealers across America to purchase its products direct from the website at wholesale prices.

This will be the company’s second direct order solution following the launch of the Australian version earlier in the year, an initiative that has been the catalyst for sales growth in this country.

In keeping with the Australian version of the US online sales portal, it will provide bike retailers with an efficient ordering system that will improve engagement and brand awareness of CYQ and its products in the US market.

Of course, CYQ is still in its early stages and investors should seek professional financial advice if considering this stock foe their portfolio.

Launch of portal drives 14% sales growth in Australia

Discussing this development, group Executive Chairman Chris Singleton said, “Cycliq’s Australian portal is already having a positive impact with a significant uptake in dealer registrations in the last two months, prompting sales in Australia to increase by 14%”.

Singleton highlighted the fact that direct order portals form part of the company’s global distribution strategy, optimising sales of its safety and action camera products.

He noted that there are hundreds of independent bike stores in Australia, whereas in the United States there are thousands. Consequently, the traction that can be gained from this development in a much larger market such as the US is likely to be substantial.

Fleshing out the figures further, there are more than 3000 specialty bicycle retailers across the US according to the National Bicycle Dealer Association. While these retailers account for 13% of the bicycle market by unit sales they attract 49% of the total consumer spend.

Where to invest $1,000 right now

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!