Collegiate Pacific Inc. Declares Dates for First Cash Dividend.Business Editors DALLAS--(BUSINESS WIRE)--Sept. 19, 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) -- Collegiate Pacific's board of directors has approved a 1st quarter 2002 cash dividend of $0.02 per share on its common stock. This is the first cash dividend declared by Collegiate Pacific and is payable on Oct. 11, 2002. The shareholder record date is the close of business on Sept. 30, 2002. "In instituting this initial cash dividend we are able to share directly with our shareholders the operating and financial success created at Collegiate Pacific, and intend, subject to Board approval and favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. results of operations, to continue the policy of paying quarterly cash dividends in future quarters. We designed Collegiate Pacific to achieve maximum 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. with minimal commitments to fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → . The declaration of this cash dividend does not diminish our interest in new acquisitions, joint ventures or licensing agreements. We will continue to pursue such acquisitions, joint ventures and licensing agreements, and we remain confident that we will close accretive transactions in due time," 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. 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. For additional information contact Mike Blumenfeld at 972/243-8100 or visit the Company Web site at Cpacsports.com or contact the Investors Relations Company at 847/296-4200. This news release contains "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 21E of the Securities Exchange Act of 1934, 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. . The company has based these forward-looking statements on its current expectations and projections about future events, based on the information currently available to it. The forward-looking statements include statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's anticipated financial performance, business prospects, new developments, new strategies and similar matters. The following important factors, in addition to those described under the section "Risk Factors" in the company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2002, may affect the future results of the company and cause those results to differ materially from those expressed in the forward-looking statements; material adverse changes in the economic conditions in the company's markets including as a result of terrorist actions; future regulatory actions and conditions in the company's operating areas; competition from others; product demand and market acceptance; the ability to adapt and expand its products and services; and the ability to obtain and retain key executives and employees. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or any other reason. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion