Collegiate Pacific Ends Quarter on Strong Note; March Revenues Top $2 Million.Business Editors DALLAS--(BUSINESS WIRE)--April 1, 2003 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) stated today that its third quarter ended March 31 on a very strong note. 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. , in commenting on the quarter stated, "We were delighted to see a strong close to the March quarter with daily and weekly revenues surpassing any period in our history. It would appear that revenues for the quarter will be approximately $6 million representing a 25% increase over year earlier results and that earnings per share should reflect a 'much larger percentage increase.' The 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. being achieved with higher revenues supports our original belief that earnings will continue to accelerate as revenues expand." 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. This report includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and is subject to the safe-harbor created by that section. The Company's actual results may differ from the results discussed in any forward looking statements. |
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