A.S.V., Inc. was incorporated in Minnesota in July 1983 and its
wholly-owned subsidiary, A.S.V. Distribution, Inc., was incorporated in
Minnesota in January 1989. A.S.V., Inc. and A.S.V. Distribution, Inc. are
collectively referred to herein as "ASV" or the "Company."

ASV designs, manufactures and sells track-driven all-season vehicles.
The Company has two principal product lines, the R-Series Posi-Track(TM) product
line and the Multi-Terrain Loader, or MTL, undercarriage product line. Both of
these product lines use a rubber track suspension system that takes advantage of
the benefits of both traditional rubber wheels and steel tracks. Rubber track
vehicles provide the traction, stability and low ground pressure necessary for
operation on soft, wet, muddy, rough, boggy, slippery, snowy or hilly terrain,
but, unlike steel track vehicles, can be driven on groomed, landscaped and paved
surfaces without causing damage.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2004%2f03%2f15%2f0000950134-04-003494.html#FIS_BUSINESS"