SERAC Sports the Latest to Join silverzipper.com Team.Business Editors/Technology Writers GREENWICH, Conn.--(BUSINESS WIRE)--March 29, 2000 SERAC sé·rac also se·rac n. A large pointed mass of ice in a glacier isolated by intersecting crevasses. [French, cottage cheese, sérac, perhaps from Vulgar Latin Sports Ltd ("SERAC") announced that Articles of Arrangement have been filed leading to the company becoming wholly owned by silverzipper.com, Inc. This transaction along with others brings together an expertise which will allow silverzipper.com to become a leader in distributing "extreme" sports apparel via traditional retail methods as well as via a state of the art E-Commerce Internet presence. The SERAC team will become silverzipper.com's retail distribution division. "The opportunity to bring the expertise and leadership of the SERAC team on board will prove to be invaluable to silverzipper.com," stated Paul Palmeri, 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. of silverzipper.com. "As a proven success in the outdoor sports apparel industry, the SERAC name epitomizes quality, innovation and functionality." "Becoming part of silverzipper.com means that the SERAC name and product line will be accessible to more people seeking to engage in this vertical lifestyle," stated Bill McCabe William Francis McCabe (October 28, 1892 in Chicago, Illinois - September 2, 1966 in Chicago, Illinois), was a professional baseball player who played outfielder in the Major Leagues from 1918-1920. He would play for the Chicago Cubs and Brooklyn Dodgers. , President of SERAC. "The Internet has become popular among our target market and silverzipper.com is building a collection of top brands that meets their needs, so this is a perfect fit for SERAC." About SERAC: SERAC has been a leader in the design, sourcing and distribution of outdoor apparel and accessories for over twenty-five years. SERAC has proven success in selling to the major growth sports markets, which include: Snowboard snow·board n. A board resembling a small surfboard and equipped with bindings, used for descending snow-covered slopes on one's feet but without ski poles. intr.v. , Ski and other outdoor adventures. SERAC has a seasoned international sales team in place that will maintain all ties to its existing vendors while seeking additional outlets as well. SERAC specializes in the production of Gortex(R) specialty parkas and jackets. About silverzipper.com: silverzipper.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SZIP SZIP Shrink Zigzag Inline Package ) is creating an e-commerce community that targets Generation "i" (12-35 year olds) with content that speaks their language, engages and entertains them while driving sales of sporting apparel, equipment, accessories and other products related to the vertical lifestyle. The website can be previewed at: www.silverzipper.com. Headquartered in Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. , silverzipper.com, Inc. is creating a "click & mortar" company that owns a diverse portfolio of sporting apparel, accessory, and equipment brands. The Internet Division of silverzipper.com is based in Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , FL. Certain of the silverzipper.com brands are available through traditional retail, while others will be available directly to consumers on the Internet. This 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. . These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Readers should not place undue reliance on forward-looking statements, which reflect management's view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in documents the Company files from time to time with the Securities and Exchange Commission. |
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