Collegiate Pacific Equity Doubles to $13 Million.
DALLAS--(BUSINESS WIRE)--Oct. 29, 2003
Collegiate Pacific (AMEX:BOO) today said that due to increased earnings and continuing conversion of its outstanding warrants that its shareholders equity has reached $13 million of which approximately half is in cash.
MIchael Blumenfeld, CEO, stated, "The increase in shareholder equity and cash is expected to have broad reaching benefits for our shareholders as we put our new financial strength to work both internally and externally. As mentioned in previous releases, our goal for FY2004 remains at doubling our run rate of revenues and earnings through continued internal expansion and with the addition of strategic acquisitions and business relationships."
The Company will release its first quarter earnings at 8:30am CST on Oct 30.
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.
This new release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company has based these forward-looking statements on its current expectations and projections about future events, based on the information currently available to it. The forward-looking statements include statements relating to the company's anticipated financial performance, business prospects, new developments, new strategies and similar matters. The following important factors, in addition to those described in the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the year ended June 30, 2002, especially in the Risk Factors and the Management's Discussion and Analysis sections, and its Quarterly Reports on Form 10-QSB and its Current Reports on Form 8-K (each of which is available upon request from the company or on the company's website, www.cpacsports.com, under the heading "Investors") may affect the future results of the company and cause those results to differ materially from those expressed in the forward-looking statements; material adverse changes in the economic conditions in the Company's markets including as a result of terrorist attacks; competition from others; and the ability to obtain and retain key executives and employees.
|Printer friendly Cite/link Email Feedback|
|Date:||Oct 29, 2003|
|Previous Article:||DisplaySearch Reports Global LCD TV Shipments Jump 162% in Q2'03; Sharp Remains Dominant But Sony Climbs to #2.|
|Next Article:||EquityOutlook.Com Announces Stock Evaluation Ratings for Intel, Ciena, Taiwan Semiconductor Mfg, eBay, Schering-Plough.|