Collegiate Pacific in Exclusive National Alliance with New Era Cap.DALLAS -- Collegiate Pacific (AMEX AMEX See: American Stock Exchange :BOO): --Company to be Exclusive National Distributor of New Era Team Product to Institutional/Team Marketplace --Agreement Leverages Company's Multi-Channel Marketing Platform --Adds Proprietary Product to Catalogs; Salesmen's tool-kit Collegiate Pacific (AMEX:BOO) today announced it had entered into a multi-year exclusive marketing and distribution pact with New Era Cap Company. New Era Cap Company, founded in 1920 in Buffalo, N.Y., is the largest sports-licensed headwear head·wear n. A hat or other covering for the head. company in the world, employing approximately 1,300 people in five facilities worldwide. They are America's foremost leader in baseball cap production for the retail and team markets. It is the official on-field cap of Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. , Minor League Baseball
Under terms of the Agreement, Collegiate Pacific will launch its New Era Team Sports Division Sports Division was one of the biggest sports retailers in the United Kingdom during the 1990s. In 1998 it was sold to its main competitor, JJB Sports for approximately £295 Million. It was set up by Sir Tom Hunter in 1984, to sell trainers, see article about him for more information. on July 15, 2006 and act as a single point solution of marketing, order processing and distribution to the Institutional and Team 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 markets on behalf of New Era. Collegiate Pacific will inherit To receive property according to the state laws of intestate succession from a decedent who has failed to execute a valid will, or, where the term is applied in a more general sense, to receive the property of a decedent by will. inherit v. the existing New Era Team customer base with the exception of a few excluded accounts. Collegiate Pacific will maintain its ability to sell competing products upon customer request. Commenting on the relationship, Adam Blumenfeld, President of Collegiate Pacific, stated: "We are honored to serve as the exclusive marketing and distribution agent to the Team Sporting Goods Segment for a brand as iconic i·con·ic adj. 1. Of, relating to, or having the character of an icon. 2. Having a conventional formulaic style. Used of certain memorial statues and busts. and well recognized as New Era. Making the New Era line of team products proprietary for our salesmen, catalogs and re-distribution partners is another important step in setting the Company and its offerings apart from others in the Industry. Along with the recently announced exclusive alliance with Nolan Ryan SKU - stock-keeping unit base of baseball uniforms and equipment. Simply put, it allows us to provide a complete head-to-toe, one-stop-shop solution for our customers. "This partnership allows New Era to focus on what they do best, which is manufacture the highest quality, most innovative product in the Team Cap industry while leveraging Collegiate Pacific's core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
"We believe this alliance further validates Collegiate Pacific's core value proposition. We are best positioned to act as a national conduit for major, branded manufacturers like New Era looking to position their product in front of the institutional and team customer base. New Era simplifies its business process by dealing with one customer and managing one receivable, while Collegiate Pacific will use its multiple marketing tentacles to broaden awareness of the New Era story and product line. It's a perfect fit for both Companies and with our ability to simultaneously service the grass roots grass roots pl.n. (used with a sing. or pl. verb) 1. People or society at a local level rather than at the center of major political activity. Often used with the. 2. The groundwork or source of something. and Team Dealer markets it showcases what Collegiate Pacific's multi-channel marketing platform is designed to do. We welcome existing New Era distributors as well as newly interested parties to contact the Company to learn how they might participate in what will be an exciting and aggressive campaign." The Company stated that effective July 15, 2006 existing New Era distributors and other interested distributors may contact its VPI VPI Voice Print International (Camarillo, CA) VPI Virtual Path Identifier (used in Asynchronous Transfer Mode) VPI Virginia Polytechnic Institute (aka Virginia Tech) Team Dealer Division at 888-200-7661. Schools, Colleges, Youth Leagues and other team/club end users may contact Collegiate Pacific's "New Era Team Express" division at 800-881-6536 for service or referral. Collegiate Pacific is the nation's fastest growing manufacturer and supplier of sports equipment primarily to the institutional and team dealer markets. The company offers more than 4,500 products to 300,000 prospective and existing customers. The company distributes approximately 1.5 million catalogs annually and employs approximately 175 professional road salesmen. This press 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 the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements include statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Collegiate Pacific's anticipated financial performance, business prospects, new developments and similar matters, and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. These forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results may differ materially from those suggested by the forward-looking statements due to a variety of factors, including changes in business, political, and economic conditions due to the threat of future terrorist activity or otherwise, actions and initiatives by current and potential competitors, and certain other additional factors described in Collegiate Pacific's filings with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on Collegiate Pacific's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Collegiate Pacific is not under any obligation and does not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. |
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