Collegiate Pacific (AMEX:BOO)
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Collegiate Pacific Inc. (AMEX:BOO):
-- Multi-Year Exclusive Partnership leveraged via Catalog, Web
and Road Sales
-- Company to Launch Ryan Express Exclusive Products
Collegiate Pacific (AMEX:BOO) today announced it had entered
into a multi-year, exclusive relationship with Hall of Fame baseball
great and All-Time strikeout leader Nolan Ryan for the purpose of
designing new products and marketing existing products to the
institutional baseball markets and baseball enthusiasts everywhere.
Mr. Ryan joins the Company as Chief Baseball Product Consultant and
will be featured on both product and marketing activities across the
Collegiate Pacific family of wholly owned companies. Terms of the
agreement were not disclosed but it is primarily a performance-based
agreement which benefits both parties when products are produced and
sold.
Commenting on the relationship, Adam Blumenfeld, President of
Collegiate Pacific, stated: "This alliance is not a passive
endorsement or promotional relationship. It is a multi-year,
exclusive, product-oriented partnership where the Company will work
with Nolan in testing and marketing existing products and developing
new "best of breed" baseball products available to the institutional
and consumer sport enthusiast markets. Given Nolan's ownership of two
professional baseball teams, there is the unique opportunity to design
and test new products at the highest levels before introducing them to
the markets. We intend to utilize the full breadth of our distribution
including 1.5 million catalogs, 175 road sales pros, in-house sales
teams and both existing websites/web affiliations and to-be-designed
Nolan Ryan-specific web sites to introduce these products to the
marketplace. Customers can expect the launch of the Ryan Express
Pitching Machine, and Ryan Express In-The-Zone Pitching Target to be
just a part of the suite of products introduced during the coming
baseball season.
"In addition to the planned new product launches, anytime the
Company can associate itself -- its catalogs and existing marketing
presence -- with an icon of the sport of baseball such as Nolan Ryan,
it acts to differentiate Collegiate Pacific's presence in the market
and separate us further from the pack. For this we are grateful to Mr.
Ryan for his willingness to participate in such an involved manner
with the Company."
Mr. Nolan Ryan stated: "I am delighted to be involved with a
Company as innovative and multi-faceted as Collegiate Pacific. Our
intention is to develop programs and products that will meet the
highest standards of quality and performance for both teams and
individual baseball enthusiasts. I look forward to a long and mutually
beneficial relationship with the Company."
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 4,500 products to
300,000 prospective and existing customers. The company distributes
approximately 1.5 million catalogs annually and employs approximately
175 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.