Collegiate Pacific Launches West Coast Unit Targeting $12B in New School Funding.Business Editors DALLAS--(BUSINESS WIRE)--March 4, 2004 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): -- "New Construction" Unit responds to recently passed legislation: Propositions 55 and 57 in California -- Company to leverage its proprietary manufacturing / sales / installation team in CA; creates one stop shop to aid Schools Collegiate Pacific (AMEX:BOO) today announced it launched a new business unit from within its newly acquired west coast subsidiary - Tomark Sports. The new unit will focus exclusively on new school and park construction projects in the state of California. California represents more than 10% of Collegiate Pacific's sales and prospect base - making it the Company's single largest target market. Resources have been positioned to target this opportunity on an immediate basis. Adam Blumenfeld, President of Collegiate Pacific stated: "With the passage of Propositions 55 and 57 in California, we believe a significant backlog of funding for new school and park projects may be released. In particular, Proposition 55 allows for a $12.3 Billion California School Bond Package with monies ear-marked for repair and new construction of schools. Many of these projects have been on hold for months if not years. The average size project being targeted is $200,000 - $400,000 in Tomark - related goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . We are in an ideal position to service this anticipated demand and help speed the improvement of schools statewide. Tomark is, we believe, the only 'all -in - one' sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport manufacturer; sales force and installer of product in the state of California selling directly to schools and other institutions." "We possess through Tomark the in-house capability to write specifications; manage the customer relationship, and actually install the goods. Products include message centers; scoreboards, backstops, bleachers, wall padding Bits or characters that fill up unused portions of a data structure, such as a field, packet or frame. Typically, padding is done at the end of the structure to fill it up with data, with the padding usually consisting of 1 bits, blank characters or null characters. See null and bit stuffing. and a host of other items. This is completed through our road sales team; installation team and company-owned installation equipment. Having these resources under one roof, and over 20 years experience in the installation field gives Tomark, we believe, a significant advantage. Ultimately we save the schools; districts and park departments money and considerable time. Sports programs can provide a meaningful revenue stream for school funding. Improving these facilities on a timely basis allows for the potential of more patrons; more ticket receipts, and ultimately more funds to address other needs throughout the institution." The Company is reviewing methods of extending this business model beyond the State of California. Collegiate Pacific is the nation's fastest growing manufacturer; marketer and distributor of sports equipment. Tomark Sports was acquired by Collegiate Pacific on January 9,2004. Based in Corona Corona, city, United States Corona (kərō`nə), city (1990 pop. 76,095), Riverside co., S Calif.; inc. 1896. The city developed as a primary citrus fruit producer and shipping center. There is also light manufacturing. CA, Tomark has a 20 year history of sales and installation of sports related products in the state of California. Certain of the above statements contained in this press release are 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 a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in 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 Section 21E of the Securities Exchange Act of 1934, as amended. 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 in the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the year ended June 30, 2003, especially in the Risk Factors and the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial sections, and its Quarterly Reports on Form 10-QSB and its Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. (each of which is available upon request from the company or on the company's website, www.cpacsports.com, under the heading "Investors") 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 attacks, competition from others, how much the Company may receive from the exercise of outstanding stock options and warrants, if anything, whether or not the Company consummates its deal with Kessler Team Sports and the ability to obtain and retain key executives and employees. We disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. any obligation to update these forward-looking statements. |
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