<PAGE>
                                                                  EXHIBIT 99.a

        CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS
             OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 (the "Reform Act"), Huffy Corporation (the
"Company") is hereby filing cautionary statements identifying important factors
that could cause the Company's actual results to differ materially from those
projected in forward-looking statements of the Company made by or on behalf of
the Company, whether oral or written. The Company wishes to ensure that any
forward-looking statements are accompanied by meaningful cautionary statements
in order to maximize to the fullest extent possible the protections of the safe
harbor established in the Reform Act. Accordingly, any such statements are
qualified in their entirety by reference to, and are accompanied by, the
following important factors, among others, that could cause the Company's actual
results to differ materially from those projected in forward-looking statements
of the Company made by or on behalf of the Company. The Company cautions that
the following important factors, among others (including but not limited to
factors mentioned from time to time in the Company's reports filed with the
Securities and Exchange Commission), could affect the Company's actual results
and could cause the Company's actual consolidated results to differ materially
from those expressed in any forward-looking statements of the Company made by or
on behalf of the Company:

-        Risks inherent in new product introductions, particularly the
         uncertainty of price-performance relative to products of competitors,
         including competitors' responses to the introductions;

-        Under utilization of the Company's operating facilities resulting in
         production inefficiencies and higher costs;

-        Changes in levels of competition from current competitors and potential
         new competition from international manufacturers;

-        The Company relies significantly on foreign sources of production. The
         Company does not have any long-term merchandise supply contracts and
         many of its imports are subject to existing or potential duties,
         tariffs or quotas. The Company competes with other companies for
         production facilities and import quota capacity. The Company also faces
         a variety of other risks generally associated with importing
         merchandise from abroad, including but not limited to; political
         instability, imposition of new legislation relating to import quotas
         that may limit the quantity of goods which may be imported into the
         United States, imposition of duties, taxes, and other charges on
         imports; local business practice and political issues, including issues
         relating to compliance with domestic or international labor standards
         which may result in adverse publicity;

-        New initiatives may be proposed that may have an impact on the trading
         status of certain countries and may include retaliatory duties or other
         trade sanctions which, if enacted, would increase the cost of products
         purchased from suppliers in such countries;

-        Loss of a significant vendor, prolonged disruption of material supply
         chain, or significant increase in the cost of raw materials, supplies,
         fuel, utilities, and other related energy costs;

-        Changes in the Federal income tax rules and regulations or
         interpretation of existing legislation;

-        Changes in the cost or availability of labor sufficient to support the
         Company's operations or labor strikes, work stoppages or other



<PAGE>

         interruptions or difficulties in the employment of labor where the
         Company purchases material, components and supplies for its products or
         where its products and services are produced or provided;

-        Changes in the general business and economic conditions in our
         operating regions, including the population growth, employment and job
         growth in the markets in which we operate may affect our ability to
         hire and train qualified employees;

-        Existence of competitive pricing pressures in several of the product
         categories of the Company, which has had and may in the future have an
         adverse effect on the Company's revenues and earnings;

-        The loss or bankruptcy of one or more key customers, or significant
         changes in the structure and composition of retailing in the United
         States;

-        Changes in consumer demand for the Company's products resulting from
         prolonged periods of unseasonable weather;

-        Changes in customer preferences or behavior that change their demand
         for the Company's products or services;

-        The costs and other effects of legal and administrative cases and
         proceedings (whether civil, such as environmental and product-related,
         or criminal), settlements and investigations, claims, and changes in
         those items; developments or assertions by or against the Company
         relating to intellectual property rights and intellectual property
         licenses; adoption of new, or changes in, accounting policies and
         practices and the application of such policies and practices;

-        Changes in the general economic conditions in the United States
         including, but not limited to, the levels and availability of consumer
         debt, the level of interest rates, and consumer sentiment about the
         economy in general.

The factors included here are not exhaustive. Further, any forward-looking
statement speaks only as of the date on which such statement is made, and the
Company will not undertake, and specifically declines, any obligation to
publicly release the result of any revisions which may be made to any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of anticipated or
unanticipated events. New factors emerge from time to time and it is not
possible for management to predict all of such factors, nor can it assess the
impact of each such factor on the business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statements. Therefore, forward-looking
statements should not be relied upon as a prediction of actual future results.