Collegiate Pacific Completes Record Month.Business Editors DALLAS--(BUSINESS WIRE)--Sept. 4, 2002 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 reported that consolidated revenues for the month ending Aug. 31, 2002 set a single monthly record for the Company. Michael 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, "Consolidated revenues for August reached $1.8m creating the largest single revenue month in the Company's history. August is not one of our top revenue producing months. The quantity of orders entered and the average invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. values both exceeded internal estimates. The response to our new catalogs, new product introductions and marketing programs has been strong. The month of August produced 13 days where incoming orders exceeded 160 orders per day as compared to a year ago when we only had 1 day reach this level. We continue to accelerate our marketing programs and look forward to a continuation of this early success." Collegiate Pacific is the nation's fastest growing manufacturer and supplier of sports equipment primarily to the institutional markets. The Company offers more than 3,200 products to 35,000 existing customers and recently reported record earnings for its year ended June 30. This report includes "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. " within the meaning of Section 27A of the Securities Act of 1933, as amended, and is subject to the 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. created by that section. The Company's actual results may differ from the results discussed in any forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion