Avid Sportswear & Golf Corp. Seeks New Licenses and/or Acquisition & to Launch New Lines.Business Editors SARASOTA Sarasota (sâr'əsō`tə), city (1990 pop. 50,961), seat of Sarasota co., SW Fla., on Sarasota Bay; settled c.1884, inc. 1914. , Fla.--(BUSINESS WIRE)--June 15, 2001 Avid Sportswear & Golf Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVSG) is pleased to announce that the Company is currently seeking new licenses as well as a possible acquisition. It is management's intention to continue to consolidate multiple golf-related labels, through licensing or acquisition, into one enterprise with a national market reach. The Company is also looking to introduce a new women's golf apparel line under the Avid label in addition to creating and launching an Avid Corporate line. "We are looking to market into the mainstream and further increase brand awareness of our Avid clothing line," commented CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Earl Ingarfield Earl Ingarfield is the name of two former National Hockey League players
The Company's mission is to continue to produce and market products of the highest quality to country club pro shops, retail facilities, and professional touring golfers. About Avid Sportswear Inc. Avid designs, manufactures, markets and distributes its Avid clothing, a distinctive premium brand, moderately priced sportswear line under the Avid Sportswear label. This line is sold primarily through "green grass" (on-course pro shops), end destination resorts, corporate sales accounts and off-course specialty retailers. Avid's products can be viewed online at www.avidsportswear.com. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and comments in this press release are made pursuant to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Reform Act of 1995. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the Company's future sales and quoting results are necessarily subject to risks and uncertainties, some of which are significant in scope and nature and beyond the Company's control. Other risks are summarized under the caption "Risk Factors" in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2000 as filed with the Securities and Exchange Commission. Forward looking statements, by their nature, involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. The Company cautions that historical results are not necessarily indicative of the Company's future performance. |
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