Big Dog Holdings, Inc. Closes Acquisition of The Walking Company.Business Editors SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif.--(BUSINESS WIRE)--March 8, 2004 Big Dog Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BDOG) is pleased to announce that it has completed the acquisition of The Walking Company effective March 3 for cash, debt and equity securities totaling approximately $19 million. The Walking Company is the leading specialty retailer of high-quality, technically designed comfort walkwear & accessories, featuring quality brands such as Ecco, Mephisto, Dansko, Birkenstock and Merrell. It markets its collections of products through more than 70 retail store locations with total annual sales of approximately $65 million. The Walking Company will be operated as a subsidiary of Big Dog Holdings, Inc. Big Dog Holdings, Inc. is the parent company of Big Dog Sportswear, which develops, markets and retails a branded, lifestyle collection of unique, high-quality, popularly priced consumer products, including active wear, casual sportswear, accessories and gifts. The BIG DOGS Big Dogs, based in Santa Barbara, California, is a chain of stores in the United States which features clothing and apparel holding the "Big Dogs" brand name. The Company brand image is one of quality, fun and a sense of humor Noun 1. sense of humor - the trait of appreciating (and being able to express) the humorous; "she didn't appreciate my humor"; "you can't survive in the army without a sense of humor" sense of humour, humor, humour . The BIG DOGS brand is designed to appeal to people of all ages and demographics, particularly baby boomers and their kids, big and tall customers, and pet owners. In addition to its 194 retail stores, Big Dogs markets its products through its catalog, better wholesale accounts and Internet sales. 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. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. |
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