Collegiate Pacific (AMEX:BOO)
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From Sep 2019 to Sep 2024
Collegiate Pacific Inc. (AMEX: BOO) announced today that Costa Brava
Partnership III L.P., Greenwood Capital L.P., and Greenwood Investors,
L.P. each voluntarily dismissed, without prejudice, the July 14, 2006,
complaint filed by those parties in the Court of Chancery of the State
of Delaware in and for New Castle County, against Collegiate Pacific
Inc., Mr. Geoffrey P. Jurick, Thomas P. Triechler, Peter Bunger and
Terrence Babilla. As previously disclosed by Collegiate Pacific, the
lawsuit sought damages against Messrs. Jurick, Triechler, Bunger and
Babilla for alleged breaches of their fiduciary duties to the minority
stockholders of Sport Supply Group, Inc. (“SSG”)
in connection with Emerson Radio Corp.’s sale
of its interest in SSG to Collegiate Pacific. The plaintiffs also sought
damages from Collegiate Pacific for allegedly aiding and abetting the
individual defendants’ alleged breaches of
fiduciary duties.
Collegiate Pacific is the nation's fastest growing manufacturer and
supplier of sports equipment primarily to the institutional and team
dealer markets. The Company offers more than 23,000 products to 600,000
prospective and existing customers. The Company plans to distribute
approximately 4.0 million catalogs in fiscal 2007 and employs
approximately 200 professional road salesmen.
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements relating to Collegiate
Pacific's anticipated financial performance, business prospects, new
developments and similar matters, and/or statements preceded by,
followed by or that include the words "believes," "could," "expects,"
"anticipates," "estimates," "intends," "plans," or similar expressions.
These forward-looking statements are based on management's current
expectations and assumptions, which are inherently subject to
uncertainties, risks and changes in circumstances that are difficult to
predict. Actual results may differ materially from those suggested by
the forward-looking statements due to a variety of factors, including
changes in business, political, and economic conditions due to the
threat of future terrorist activity or otherwise, actions and
initiatives by current and potential competitors, and certain other
additional factors described in Collegiate Pacific's filings with the
Securities and Exchange Commission. Other unknown or unpredictable
factors also could have material adverse effects on Collegiate Pacific's
future results, performance or achievements. In light of these risks,
uncertainties, assumptions and factors, the forward-looking events
discussed in this press release may not occur. You are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date stated, or if no date is stated, as of the date of
this press release. Collegiate Pacific is not under any obligation and
does not intend to make publicly available any update or other revisions
to any of the forward-looking statements contained in this press release
to reflect circumstances existing after the date of this press release
or to reflect the occurrence of future events even if experience or
future events make it clear that any expected results expressed or
implied by those forward-looking statements will not be realized.
Collegiate Pacific Inc. (AMEX: BOO) announced today that Costa
Brava Partnership III L.P., Greenwood Capital L.P., and Greenwood
Investors, L.P. each voluntarily dismissed, without prejudice, the
July 14, 2006, complaint filed by those parties in the Court of
Chancery of the State of Delaware in and for New Castle County,
against Collegiate Pacific Inc., Mr. Geoffrey P. Jurick, Thomas P.
Triechler, Peter Bunger and Terrence Babilla. As previously disclosed
by Collegiate Pacific, the lawsuit sought damages against Messrs.
Jurick, Triechler, Bunger and Babilla for alleged breaches of their
fiduciary duties to the minority stockholders of Sport Supply Group,
Inc. ("SSG") in connection with Emerson Radio Corp.'s sale of its
interest in SSG to Collegiate Pacific. The plaintiffs also sought
damages from Collegiate Pacific for allegedly aiding and abetting the
individual defendants' alleged breaches of fiduciary duties.
Collegiate Pacific is the nation's fastest growing manufacturer
and supplier of sports equipment primarily to the institutional and
team dealer markets. The Company offers more than 23,000 products to
600,000 prospective and existing customers. The Company plans to
distribute approximately 4.0 million catalogs in fiscal 2007 and
employs approximately 200 professional road salesmen.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include statements relating to
Collegiate Pacific's anticipated financial performance, business
prospects, new developments and similar matters, and/or statements
preceded by, followed by or that include the words "believes,"
"could," "expects," "anticipates," "estimates," "intends," "plans," or
similar expressions. These forward-looking statements are based on
management's current expectations and assumptions, which are
inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Actual results may differ
materially from those suggested by the forward-looking statements due
to a variety of factors, including changes in business, political, and
economic conditions due to the threat of future terrorist activity or
otherwise, actions and initiatives by current and potential
competitors, and certain other additional factors described in
Collegiate Pacific's filings with the Securities and Exchange
Commission. Other unknown or unpredictable factors also could have
material adverse effects on Collegiate Pacific's future results,
performance or achievements. In light of these risks, uncertainties,
assumptions and factors, the forward-looking events discussed in this
press release may not occur. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of
the date stated, or if no date is stated, as of the date of this press
release. Collegiate Pacific is not under any obligation and does not
intend to make publicly available any update or other revisions to any
of the forward-looking statements contained in this press release to
reflect circumstances existing after the date of this press release or
to reflect the occurrence of future events even if experience or
future events make it clear that any expected results expressed or
implied by those forward-looking statements will not be realized.