Collegiate Pacific Announces Effectiveness of Registration Statement
01 Marzo 2006 - 5:52PM
Business Wire
Collegiate Pacific Inc. (AMEX:BOO) today announced that the
Registration Statement on Form S-3, which the company filed on
January 24, 2005, as required by the terms of a registration rights
agreement the company entered into with the purchasers of its
convertible senior subordinated notes due 2009, has been declared
effective by the Securities and Exchange Commission. Michael J.
Blumenfeld, Chairman and CEO of Collegiate Pacific Inc. stated: "We
are pleased to have completed a rather time consuming and expensive
process. The Company may now redirect its internal resources
towards growth of the business and maximization of shareholder
value." Collegiate Pacific is the nation's fastest growing
manufacturer and supplier of sports equipment primarily to the
institutional and team dealer markets. The Company offers more than
4,500 products to 300,000 prospective and existing customers. The
Company distributes approximately 1.5 million catalogs annually and
employs approximately 175 professional road salesmen. Safe Harbor
Statement This news release includes forward-looking statements.
Collegiate Pacific cautions that these statements are qualified by
important factors that could cause actual results to differ
materially from those in the forward-looking statements, including
but not limited to Collegiate Pacific's ability to successfully
execute its acquisition plans and growth strategy, integration of
acquired businesses, weather conditions, global economic
conditions, product demand, financial market performance, and other
risks described in Collegiate Pacific's most recent annual report
on form 10-KSB, previous quarterly reports on Form 10-Q, and
current reports on Form 8-K, each as filed with the Securities and
Exchange Commission. Collegiate Pacific cautions that the foregoing
list of important factors is not exclusive, any forward-looking
statements included in this news release is made as of the date of
this news release, and Collegiate Pacific does not undertake to
update any forward-looking statement.
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