Collegiate Pacific to Seek Dismissal of Recent Claims
19 Julho 2006 - 2:41PM
Business Wire
Collegiate Pacific (AMEX:BOO) announced today that it believes that
the claims made against it in a lawsuit recently filed by Costa
Brava Partners and two other related shareholders are entirely
without merit. The only claim made against Collegiate Pacific is
for "aiding and abetting" alleged breaches of fiduciary duty by
certain former and present officers and directors of Sport Supply
Group. Collegiate Pacific intends to seek prompt dismissal of the
claims made against it. 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. This
press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include statements relating to
Collegiate Pacific's anticipated financial performance, business
prospects, new developments and similar matters, and/or statements
preceded by, followed by or that include the words "believes,"
"could," "expects," "anticipates," "estimates," "intends," "plans"
or similar expressions. These forward-looking statements are based
on management's current expectations and assumptions, which are
inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Actual results may
differ materially from those suggested by the forward-looking
statements due to a variety of factors, including changes in
business, political, and economic conditions due to the threat of
future terrorist activity or otherwise, actions and initiatives by
current and potential competitors, and certain other additional
factors described in Collegiate Pacific's filings with the
Securities and Exchange Commission. Other unknown or unpredictable
factors also could have material adverse effects on Collegiate
Pacific's future results, performance or achievements. In light of
these risks, uncertainties, assumptions and factors, the
forward-looking events discussed in this press release may not
occur. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date stated,
or if no date is stated, as of the date of this press release.
Collegiate Pacific is not under any obligation and does not intend
to make publicly available any update or other revisions to any of
the forward-looking statements contained in this press release to
reflect circumstances existing after the date of this press release
or to reflect the occurrence of future events even if experience or
future events make it clear that any expected results expressed or
implied by those forward-looking statements will not be realized.
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