Collegiate Pacific's Revenues Hit Trifecta; Orders Increase 300% and 45%.Business Editors DALLAS--(BUSINESS WIRE)--May 18, 2000 Collegiate col·le·giate adj. 1. Of, relating to, or held to resemble a college. 2. Of, for, or typical of college students. 3. Of or relating to a collegiate church. Pacific (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEEZ) today stated that its incoming orders for April reached $1.3 million, exceeding $1 million for the third consecutive month. Orders received as compared to orders invoiced in prior comparative periods increased 300% and 45% for 1998 and 1999 respectively. Mike Blumenfeld, 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. , stated, "We have reached a new operating cycle Operating cycle The average time between the acquisition of materials or services and the final cash realization from that acquisition. operating cycle within Collegiate. We are now achieving revenues of $1 million a month on a continuing basis while servicing nearly 20,000 customers. As compared to our developmental periods, margins are increasing and customer growth is accelerating in proportion to revenue increases. As we introduce new products and expand marketing efforts we believe that our future growth in revenues and profits will exceed the industry standards. We continue to seek external expansion opportunities that will compliment our growth and profitability but remain very selective in the process. The primary target continues to be the acquisition of a major brand which we believe will accelerate our internal growth in revenues and profits." This news release, other than historical information, consists of 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. that involve risks and uncertainties detailed from time to time in the Company's public filings. |
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