CRUSH Innovative Sports Systems Inc. receives letter of credit from Monark Sporting Goods Inc.

LOS ALAMITOS Los Alamitos (lôs ăləmē`təs, lŏs), city (1990 pop. 11,676), Orange co., NE of Long Beach, S Calif., in a suburban area; inc. 1960. Los Alamitos Racetrack and U.S. military installations are nearby. , Calif.--(BUSINESS WIRE)--Oct. 25, 1995--CRUSH(tm) Innovative Sports Systems 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 :BB:PCIED) has received a letter of credit from Monark 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 Inc. to guarantee payment of their initial order of T-Bone(tm) Snowboard step-in bindings.

CRUSH(tm) has a three year exclusive distribution and joint boot development agreement with Monark for the T-Bone(tm) Snowboard Binding System.

Mike Adams Mike Adams may refer to:

Mike Adams (baseball outfielder) (born 1948), Major League Baseball outfielder
Mike Adams (baseball pitcher) (born 1978), Major League Baseball pitcher

, president of Monark, stated, "We believe that the T-Bone(tm) Snowboard Binding System is a forerunner in the next generation of snowboard technology. Monark is committed to achieving worldwide distribution and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women" with the T-Bone(tm) System."

Monark, a major distributor of snowboard products, is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners. of Elan. Elan, which is well known for world class skiing products is the third largest producer of snowboards in the world. Monark owns GRINDrite which manufactures snowboard tuning machines which are used by approximately 80% of specialty snowboard tuning shops.

CRUSH(tm) Innovative Sports Systems Inc., develops sports related products based on its proprietary "quick release" fastening system, for rapidly growing markets, including snowboarding and in-line skating. These products address the deficiencies of current products by providing superior levels of performance, comfort and convenience.

CONTACT: CRUSH Innovative Sports Inc.

Richard Perkins, 714/816-0200

or

Woodbridge & Associates

800/824/4011 or 714/251-3436

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Publication:	Business Wire
Date:	Oct 25, 1995
Words:	217
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