ESSXsport Corp. Sees Significant Increase in Revenues.Business Editors DALLAS--(BUSINESS WIRE)--Feb. 7, 2001 ESSXSPORT CORP (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ESXS) today said that it believes its revenues for the second quarter ending February 28 will increase substantially from the same period last year. Management estimates a 40% increase. Bruce Caldwell Bruce Caldwell (February 8, 1906 - February 15, 1959) is a former outfielder and first baseman for the Cleveland Indians and Brooklyn Dodgers as well as an American football running back in the NFL for the New York Giants , President and 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 it is early in this quarterly cycle, the results from the past six months offer strong indications as to where the Company is headed. We believe the momentum now in place will result in our second quarter revenues climbing higher. Our recently acquired manufacturing plant ESSX ESSX Electronic Switching System Exchange West located in Sun Valley, California is producing twice the amount of product they did before the acquisition. Within this year, the ESSX Team Attire Inc. Division, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ESSXsport Corp., will unveil their new soccer shoe line. This new subsidiary of ESSXsport Corp., formed in-house, will provide product that will greatly increase the Company's potential in revenues." "Our customers recognized ESSXsport Corp. as one of the fastest growing manufacturers in our field. ESSXsport Corp. manufactures for some of the nation's fastest growing suppliers of sports equipment to the institutional and team markets. ESSXsport Corp. offers over 2,000 products to the educational team sports market through catalog sales and company Web site http://www.eonlinesports.com." The Company began trading on the OTC Pink Sheets in May of 1999. The Form 10SB is in the final stages of being Edgarized for submission to the SEC. The Company's audited financials are located on Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index Advisor Insight. http://www.advisorinsight.com/pub/maccess/nqb/ESXS_297313.htm For More information http://www.pinksheets.com ESXS http://www.essxsport.com Legal Notice Regarding 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. : "Forward-looking statements" as defined in 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 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies. |
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