Collegiate Pacific Sees 2003 FY EPS Reaching $0.28 to $0.30.Business Editors DALLAS--(BUSINESS WIRE)--June 18, 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) today discussed earnings for its 2003 year which ends June 30. 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 discussing the year, anticipated results and future periods, stated "As previously disclosed, the results for the year will include accelerated marketing expenses on one hand and will be aided by the final utilization of tax credits on the other. It is anticipated that commencing with our 2004 fiscal year that all future periods will reflect a full corporate tax rate. "Using 2003 as a platform, we believe that revenues and earnings for the next three fiscal years will expand dramatically. We forecast and manage Collegiate Pacific based on three year intervals. We now expect revenues to grow at 20%-25% annually and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. (based on the current 4.3m primary shares outstanding) to reach or exceed $.70 per share during this new three year cycle. Details for each of the next three years' projections will be discussed at the Company's upcoming annual meeting. Successful acquisitions or corporate developments could result in higher revenues and earnings. "We remain focused on continuing to be the leading innovator and supplier of new products to our customers. Our internally designed and manufactured products now represent approximately 35% of our total revenues and continue to grow in proportion to our overall revenue base." 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 and generates the majority of its orders via the distribution of 1.5 million catalogs, Internet activity and telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. . 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 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. For additional information contact Mike Blumenfeld at 972/243-8100 or visit the Company Web site at Cpacsports.com. |
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