Collegiate Pacific October Revenues Rise 25%; Product Expansion Accelerates.Business Editors DALLAS--(BUSINESS WIRE)--Nov. 13, 2002 Collegiate Pacific (AMEX AMEX See: American Stock Exchange :BOO) today stated that its October revenues rose 25% from year ago results. 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, "while the late fall selling season is historically the low point of our fiscal year, it is comforting to maintain our targeted growth rate which sets the foundation for our primary selling season starting in January. We will be introducing approximately 120 newly designed products in our expanded marketing programs and early indications are that customers will respond favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to these introductions. "Collegiate's business model is designed to generate accelerated performance in a declining or soft economy as customers gravitate grav·i·tate intr.v. grav·i·tat·ed, grav·i·tat·ing, grav·i·tates 1. To move in response to the force of gravity. 2. To move downward. 3. to low cost providers for their needs. We remain in a unique position of being the nation's price leader while offering unmatched delivery and service." 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 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 created by that section. The Company's actual results may differ from the results discussed in any forward-looking statements. |
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