Collegiate Pacific Announces CEO Buying Shares; 40% Growth Continues.

Business Editors

DALLAS--(BUSINESS WIRE)--Dec. 21, 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 (AMEX AMEX

See: American Stock Exchange :BOO) today announced that its Chairman and majority shareholder continued to purchase shares in the open market with the recent purchase of an additional 2,100 shares at an average price of $5.96 per share.

Michael Michael, archangel
Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Blumenfeld Blumenfeld is a surname and may refer to:

Anat Blumenfeld, Israelia biochemist
Benjamin Blumenfeld (1884–1947), Russian chess player
Erwin Blumenfeld (1897–1967), German-American photographer

, 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. and majority shareholder, increased his holdings to approximately 2.15 million shares or 55% of the outstanding shares. In describing the recent purchases Mr. Blumenfeld stated, "Most investors don't realize that from March 1998 to date, Collegiate has created a company with over 25,000 customers and 3,200 unique products and is continuing to expand in virtually every measurable operating area. In our seasonally weakest period (October - December) we are achieving daily revenues of $30,000 - $40,000 which continues to represent a 40% increase in order rates. While this period is our low point in revenues and margins, it represents an immediate view of the trends for the upcoming Jan. - June primary selling period. The operating platform that has been built and offers a level of operating leverage Operating Leverage

A measurement of the degree to which a firm or project relies on fixed rather than variable costs.

Notes:
The higher the degree of operating leverage, the greater the potential danger from forecasting risk. well beyond industry standards."

As for purchasing additional shares, Mr. Blumenfeld stated, "As long as no one tells my wife how I am spending her Christmas money, I intend to buy more shares.

"The operationally unique foundation at Collegiate lends itself to both internal and external expansion. With our balance sheet sporting a 10 to 1 current ratio, Collegiate remains one of the strongest financial companies in this industry. We have targeted a number of acquisitions that would benefit from our marketing and capital resources and, if concluded, would make a significant contribution to revenues and earnings."

Collegiate Pacific markets, manufactures and distributes a wide variety of sports equipment primarily to the institutional and team dealer markets. The Company is believed to be the nation's fastest growing supplier of such equipment operating under trade names such as FunNets, Edwards, Mark IV, Vantage, Product Merchandising merchandising

Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. and CP Sports Express.

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Publication:	Business Wire
Date:	Dec 21, 2000
Words:	328
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