Avid Sportswear & Golf Corp. to Reassure Investing Public.Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--May 21, 2001 Avid Sportswear & Golf Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVSG) wishes to reassure its shareholders. In the Company's most recent SEC filing dated May 18, 2001, it was stated that Levi Strauss
Levi Strauss, born Löb Strauß & Co. has provided notice of termination of the Trademark License Agreement between the Company and Levi Strauss. The details of such termination are stated within the filing. "In light of this event, we wish to reassure our shareholders that Avid Sportswear remains strong and well positioned to continue its operations and is fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to delivering long-term performance and results. As reported in our May 3rd, 2001 news release, the Company has made great improvement in its operating results and is energized to continue to do so," 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
As a component of our original plan, we will continue to seek out new licenses and possible acquisitions to further grow our business. On behalf of everyone at Avid Sportswear, I want to thank our shareholders, customers, suppliers and friends for their support and encouragement. We greatly value our hard-earned reputation for integrity, ethical behavior and corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while . About Avid Sportswear Inc. Avid will continue to design, manufacture, market and distribute 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 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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