Under Armour Announces a Series of Distribution Agreements to Bolster International Expansion
25 Luglio 2006 - 1:31PM
PR Newswire (US)
- Strategic Partnership Deals Designed to Further Position Under
Armour as a Leader in the Sporting Goods Market on an International
Level - BALTIMORE, July 25 /PRNewswire-FirstCall/ -- Under Armour,
Inc. (NASDAQ:UARM), a leading developer, marketer and distributor
of branded performance apparel, footwear and accessories, today
announced that it has signed a series of agreements with key
international master agents and distributors to manage the
distribution of Under Armour products on a global level. These
strategic partnerships are designed to service local retailers'
demand for Under Armour products to help sustain Under Armour's
continued growth throughout international territories. The terms of
each agreement provide for distribution rights of Under Armour in
the following countries: Equation Performance: France and Andorra
Main Sport: Germany and Austria Sportbox SRL: Italy Fiddes
Enterprises: Australia/Pacific Islands SGA Vanneste: Belgium,
Luxembourg and the Netherlands MnO International: Sweden, Finland,
Norway, Denmark, Iceland, Estonia, Lithuania, and Latvia "Under
Armour's international expansion is a key component of our long-
term growth strategy for the brand," said Ryan Wood, President of
Under Armour Europe B.V. "By partnering with these key distributors
and master agents, we are confident that Under Armour will continue
to further its position as a world leader within the premium
sporting goods industry." About Under Armour Under Armour(R)
(NASDAQ:UARM) is a leading developer, marketer and distributor of
branded performance apparel, footwear and accessories. The brand's
moisture-wicking synthetic fabrications are engineered in many
different designs and styles for wear in nearly every climate to
provide a performance alternative to traditional natural fiber
products. The Company's products are sold worldwide and worn by
professional football, baseball, and soccer players, as well as
athletes in major collegiate and Olympic sports. The Under Armour
European headquarters is located in Amsterdam's Olympic Stadium,
and its global headquarters is located in Baltimore, MD. For
further information, please visit the Company's website at
http://www.underarmour.com/. Forward Looking Statements Some of the
statements contained in this press release constitute forward-
looking statements. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts, such as statements regarding
our future financial condition or results of operations, our
prospects and strategies for future growth, the development and
introduction of new products, and the implementation of our
marketing and branding strategies. In many cases, you can identify
forward-looking statements by terms such as "may," "will,"
"should," "expects," "plans," "anticipates," "believes,"
"estimates," "predicts," "outlook," "potential" or the negative of
these terms or other comparable terminology. The forward- looking
statements contained in this press release reflect our current
views about future events and are subject to risks, uncertainties,
assumptions and changes in circumstances that may cause events or
our actual activities or results to differ significantly from those
expressed in any forward-looking statement. Although we believe
that the expectations reflected in the forward- looking statements
are reasonable, we cannot guarantee future events, results,
actions, levels of activity, performance or achievements. Readers
are cautioned not to place undue reliance on these forward-looking
statements. A number of important factors could cause actual
results to differ materially from those indicated by the
forward-looking statements, including, but not limited to: our
ability to manage our growth effectively; our ability to maintain
effective internal controls; increased competition causing us to
reduce the prices of our products or to increase significantly our
marketing efforts in order to avoid losing market share; changes in
consumer preferences or the reduction in demand for performance
apparel and other products; our ability to accurately forecast
consumer demand for our products; reduced demand for sporting goods
and apparel generally; failure of our suppliers or manufacturers to
produce or deliver our products in a timely or cost-effective
manner; our ability to accurately anticipate and respond to
seasonal or quarterly fluctuations in our operating results; our
ability to effectively market and maintain a positive brand image;
the availability and effective operation of management information
systems and other technology; our ability to attract and maintain
the services of our senior management and key employees; and
changes in general economic or market conditions, including as a
result of political or military unrest or terrorist attacks. The
forward- looking statements contained in this press release reflect
our views and assumptions only as of the date of this press
release. We undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which the statement is made or to reflect the occurrence of
unanticipated events. DATASOURCE: Under Armour, Inc. CONTACT:
Media: Melissa Merrill, U.S. Media, +1-212-850-5600, or Jonathan
Brill, International Media, +44-(0)20-7269-7170; Investors: Rick
Anguilla, Under Armour, Inc., +1-410-454-6478 Web site:
http://www.underarmour.com/
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