Collegiate Pacific (AMEX:BOO)
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From Sep 2019 to Sep 2024
Collegiate Pacific (AMEX:BOO) announced today that it
believes that the claims made against it in a lawsuit recently filed
by Costa Brava Partners and two other related shareholders are
entirely without merit. The only claim made against Collegiate Pacific
is for "aiding and abetting" alleged breaches of fiduciary duty by
certain former and present officers and directors of Sport Supply
Group. Collegiate Pacific intends to seek prompt dismissal of the
claims made against it.
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.