Collegiate Pacific Named to FORTUNE Small Business 100.DALLAS -- Collegiate Pacific (AMEX AMEX See: American Stock Exchange :BOO): --Ranked #24 Fastest Growing Small Business by FSB (FrontSide Bus) See system bus. FSB - front side bus --Highest ranked 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 company in the FSB 100 Collegiate Pacific (AMEX:BOO) today announced that FORTUNE Small Business Magazine has named the Company to its 2004 list of America's Fastest Growing Small Companies. Collegiate Pacific, Inc ranked number 24 on the FSB 100 list; the highest ranking sporting goods company on the 2004 list. The criteria for the ranking includes earnings growth, revenue growth, and stock performance over the past three years. The FSB list will appear in the July/August edition of FORTUNE Small Business Magazine, available on the newsstands July 5, 2004. Adam Blumenfeld, President of Collegiate Pacific, commented: "We are honored to have been selected by FORTUNE Small Business Magazine as one of the 100 fastest growing companies in America. It is a testament to each of our hard working and talented employees that the Company has enjoyed average annual organic growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for the last three fiscal years of approximately 25%. We aim to continue this trend in years to come, and will be augmenting this organic growth platform with newly acquired Tomark Sports and Kesslers Team Sports, as well as Dixie Sporting Goods -- set to close within 60 days. The combination of these three properties alongside our existing business yields a company of more than $90 Million in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales -- up from $23 Million as of Dec. 31, 2003. Collegiate will emerge from this acquisition-related activity free of debt; with a sizeable untapped credit facility. This financial strength serves us well as we continue to review a full pipeline of distribution and product-oriented targets." Collegiate Pacific is the nation's fastest growing direct manufacturer, marketer and distributor of sports equipment in the USA, and is now the nation's largest distributor of team uniforms to the institutional markets. The Company markets via catalog, telesales telesales Noun the selling of a commodity or service by telephone telesales npl → televentas fpl telesales npl → , the Internet and road sales professionals to a target base of more than 200,000 institutional accounts, representing more than $5 billion in purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. for team sports products. 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, 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, whether it does or does not conclude its transaction with Dixie Sporting goods; how much the Company may receive from the exercise of outstanding stock options and warrants, if anything, and the ability to obtain and retain key executives and employees. We disclaim any obligation to update these forward-looking statements. |
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