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MACGREGOR SPORTS AND FITNESS SIGNS SUB-LICENSE AND SALES AGENT AGREEMENT WITH SANWA OF TOKYO

 MACGREGOR SPORTS AND FITNESS SIGNS SUB-LICENSE
 AND SALES AGENT AGREEMENT WITH SANWA OF TOKYO
 GREENVILLE, S.C., May 11 /PRNewswire/ -- MacGregor Sports and Fitness Inc. ("MacGregor") (NASDAQ: MACG) announced today that it has signed a sub-license and sales agreement with Sanwa Corp. of Tokyo. Sanwa currently is engaged in several synergistic product lines including sports shoes, active wear and sports luggage. The agreement encompasses the countries of Japan, Taiwan and Thailand.
 Michael S. Casazza, president and chief executive officer of MacGregor stated that he was very pleased with the arrangement reached with Sanwa which marks the first major action toward globalization of the MacGregor brand in the team sports, fitness and bicycle product categories. Casazza further stated that the developing popularity of American team sports, particularly baseball, in the Pacific Rim countries, holds significant opportunities for revenue and profit growth potential for MacGregor.
 -0- 5/11/92
 /CONTACT: Michael S. Casazza of MacGregor Sports and Fitness, 803-963-8200/
 (MACG) CO: MacGregor Sports and Fitness Inc.; Sanwa Corp. ST: South Carolina IN: SU:


MC -- DV002 -- 8601 05/11/92 11:46 EDT
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Publication:PR Newswire
Date:May 11, 1992
Words:180
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