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Your bike is a Sears Gremlin just like it says on the chainguard. MOST of the Gremlins you see are short frames, yours is the harder to find long frame. Like Jaxon said, this bike is basically a Slingshot with a different badge. Nice find, congrats.

Lukethejoker, in this case Kevin is asking about bikes with a Penguin headbadge, not the Huffy made early Penguin muscle bikes. I own the Mark II Eliminator that is posted all over the internet. For the longest time, it was thought that it may be the only surviving Penguin badged muscle bike...

That turned out very well. Good stuff!

And it's twin in yellow. This bike has a Biltmore head badge but was clearly manufactured by Iverson.

One of my favorites. Rob Eagleye did some late night leg work to make this bike happen for me!

Some kool items I am fortunate to own! Mark

Wow! That is a really nice piece! I may just have to email you about it! Mark