Global Sports, Inc. Appoints New Vice President/General Manager International Division and Promotes National Sales Manager to Vice President of Sales.KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--June 22, 1998-- Melvin E. Lewis Brings Substantial International Experience GLOBAL SPORTS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SC: GSPT) today announced that Melvin E. Lewis has agreed to join the Company as Vice President/General Manager International Division and that David Newcombe will be promoted to Vice President of Sales. Melvin E. Lewis was previously the Vice President, International of Jack Schwartz Jacob T. "Jack" Schwartz (born January 1, 1930) is an United States mathematician, computer scientist, and professor of computer science at the New York University Courant Institute of Mathematical Sciences. He was the designer of the SETL programming language. Shoes, Inc. brand owner of British Knights For the British title, see Knight. British Knights is a shoe company founded in 1980 by the Jack Schwartz Shoes Inc, based in New York. The first footwear range was released in America in 1986 and in the UK in 1989. BK now: www.bkfootwear. and LUGZ, an established private athletic footwear company. During the eight years Mr. Lewis was with that company, he achieved significant improvements in brand positioning, design, and pioneered a new distribution systems across 30 countries. His success in these areas was demonstrated by increased financial performance for the international business generating sales of $50 million from zero for this niche player in the highly competitive youth footwear industry. Mr. Lewis also served in similar capacities while at Converse, Inc. and Avia International, Inc. While at Converse, he delivered a 60% increase in European sales in two years. International sales improved by 162% and royalties by 200% for footwear and activewear during his tenure. Mel was part of the team that built Avia's global brand image, bringing corporate sales to more than $140 million from $20 million in two years. He negotiated a joint venture in Japan and a long-term licensing deal, which allowed Avia to finally enter the European market. Michael Rubin, Chairman and Chief Executive Officer of Global Sports, said, "We are very pleased to gain such a seasoned international player to extend the brand awareness we have established in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to the overseas markets. We expect that Mel will play a significant role in the worldwide growth of Global Sports while adding his substantial marketing expertise to further enhance our strong management team." Also today, Global Sports announced the promotion of David Newcombe to Vice President of Sales after only 5 months as National Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → . During his tenure as National Sales manager, David doubled the sales force and made substantial inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ with national accounts. He began his career at Global three years ago as the sales person calling on Kinney Footwear, owners of Lady Foot Locker Foot Locker, Inc. (NYSE: FL) is a major American sportswear and footwear retailer, with its headquarters in New York City, and operating in approximately 20 countries worldwide. It is the successor corporation to the F.W. Woolworth Company (“Woolworth’s”). . Mr. Newcombe will be responsible for managing the sales force for the branded athletic footwear. Regarding the promotion of Newcombe, Rubin said, "We expect that David Newcombe will help us accelerate the domestic sales of all our product lines, making a significant contribution to our top line." Global Sports, Inc. consists of two primary business lines: the branded athletic footwear business including RYKA, Yukon and Apex and the off-price footwear, apparel and 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 business. Statements about the Company's outlook and all other statements in this release other than historical facts 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. . Since these statements involve risks and uncertainties, they are subject to change at any time and the Company's actual results may differ materially from expected results. The Company derives most of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, there are inherent difficulties in predicting certain important factors, especially the timing and magnitude of sales and the overall condition of the footwear industry. These factors, as and when applicable, are discussed in the Company's filings with the SEC, a copy of which may be obtained from the Company without charge.
CONTACT: Global Sports, Inc.
Steven Wolf, 610/878-8630
or
Lippert/Heilshorn & Assoc., Inc.
John W. Heilshorn, Jr./Lisa D. Lettieri
212/838-3777
john@lhai.com / lisa@lhai.com
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