ABCI Holdings/American Boardsports Unveils New Kampus Wakeskate Designs and Begins Shipping 2002 Line of High-Performance Boards.Business Editors SAN DIEGO--(BUSINESS WIRE)--Aug. 5, 2002 ABCI ABCI Advanced Business Communications, Inc. ABCI Associate of the Business Continuity Institute ABCI Allocated Baseline Configuration Index (USCG) Holdings Inc./American Boardsports Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABCI), innovative producer of snowboard, wakeboard and skateboard products, today announced the first shipments of its recently introduced line of Kampus wakeskates. The new Kampus board design samples began shipping August 1 and will be distributed in volume to retail and wholesale distributors in the U.S. and Canada beginning in September. "We released our new Kampus wakeskates only last week and already excitement is building among professional and amateur riders in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ," said Thomas N. Carter, chairman of ABCI Holdings/American Boardsports. "Designed with input from our professional rider teams, Kampus wakeskates offer the exhilaration and high-performance features that are characteristic of skateboards skateboards mini surfboard supported on roller-skate wheels; 1960s craze enjoyed renaissance. [Am. Hist.: Sann, 151–152] See : Fads and our flagship line of Thruster wakeboards. Initial orders for Kampus have been quite promising; dealers are excited with the new design technology and construction of ABCI's newest watersports sensation." Wakeskates are shorter than traditional wakeboards, without the bindings. They have a grip-tape surface to provide traction and aid the rider in maneuvering and control. Riders wear skateboard shoes or ride barefoot while being towed behind a ski-wake boat or personal watercraft personal watercraft n. 1. A motorized recreational water vehicle normally ridden by straddling a seat. 2. (used with a pl. verb) Such water vehicles considered as a group. . Kampus wakeskates retail for between $185 and $210, depending on size and features. American Boardsports is manufacturing the new boards in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and distributing them through 7Distribution, a wholly owned division of ABCI. With headquarters in Carlsbad, Calif., 7Distribution is a vertically integrated international network chartered with developing and managing offline and online product sales, marketing, and distribution of American Boardsports products, as well as products from other manufacturers. For more information on Kampus wakeskates visit www.kampuswakesk8.com. About ABCI Holdings Inc./American Boardsports Company Founded in 1993, ABCI Holdings Inc./American Boardsports Company is a vertically integrated sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport manufacturer that designs and produces branded consumer products for the rapidly growing action or extreme sports extreme sports Sports events characterized by high speed or high risk. Such sports include aggressive inline skating, wakeboarding, street luge, skateboarding, and freestyle bicycle events (wherein tricks such as back flips are performed on a bicycle). sector. American Boardsports pioneered the cross-market integration of snowboarding, skateboarding and wakeboarding Wakeboarding is a surface water sport which involves riding a wakeboard over the surface of a body of water behind a boat. It was developed from a combination of water skiing, snow boarding and surfing techniques. along with related accessories and apparel and continues to be viewed as a pacesetter in these adrenaline-driven markets. ABCI utilizes manufacturing facilities worldwide and is known for technology and innovation in action sports products. ABCI's brand names include "Thruster(TM)" wakeboards, "Human(TM)" skateboards, "Republic(TM)" skateboards, "Competition Brand(TM)," "Kampus(TM)" wakeskates and "Real F8th." The action sports lifestyle appeals to the generation "X", "Y" and "I" consumers, which are demographic groups between the ages of eight to 35. More information is available at the company Web site at www.americanboards.com. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. due to shifts in market demand; and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. involving product liabilities and consumer issues. ABCI Holdings Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. ABCI expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based. |
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