Volcom Announces Acquisition of Japanese Distributor
02 Settembre 2008 - 2:01PM
Business Wire
Volcom, Inc. (NASDAQ:VLCM) today announced it has signed a
definitive agreement to acquire its distributor in Japan, a key
territory of the company�s international operations. Terms of the
transaction were not disclosed. �This acquisition is a testament to
the strength of our brand in Japan after working with our
distributor for more than 15 years,� said Richard Woolcott,
chairman and chief executive officer of Volcom. �We are excited to
culminate a longstanding relationship with an opportunity to work
more closely with our accounts in this important territory, while
retaining our Japan-based distribution team. �Acquiring our
Japanese distributor is part of Volcom�s international growth
strategy, and we look forward to further enhancing our presence
throughout Japan,� Woolcott added. Senior management will discuss
this transaction, as well as address other company matters during a
presentation at the Southern California Investor Conference at 9:00
a.m. PDT on Wednesday, September 3. The presentation will be
webcast live at www.volcom.com, in the investor relations section,
and at www.californiastocks.com. About Volcom, Inc. Volcom is an
innovative designer, marketer and distributor of premium quality
young men's and women's clothing, accessories and related products.
The Volcom brand, symbolized by The Stone , is athlete-driven,
creative and forward thinking. Volcom has consistently followed its
motto of �youth against establishment,� and the brand is inspired
by the energy of youth culture. Volcom branded products are sold
throughout the United States and internationally. Volcom�s news
announcements and SEC filings are available through the company�s
website at www.volcom.com.
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