ESXS.03.EssxSport Corp. Supports Effort to Help Olympic Athletes by Sp nsoring Vaultgirls 2004 Calendar B: EssxSport Corp. Supports Effort to Help Olympic Athletes by Sponsoring Vaultg rls 2004 Calendar READ BOLD ALL THE WAY DOWN. Both girls' use EssxSport products designed and endorsed by Earl Bell a three-time Olympian exclusively for EssxSport Corp. SUN VALLEY, CA, Jul. 25, 2003 (MARKET WIRE via COMTEX) -- EssxSport Corp. (OTC: ESXS) is a sponsor of the 2004 Vaultgirls calendar, which showcases elite women pole-vaulters in action, showing a more artistic side. These women are among the top ranked athletes in the USA: Olympians, NCAA champions, & former American Record holders. The calendar is available at: www.vaultgirls.com. All profits from the calendar will go to the athletes to support their 2004 Olympic endeavors. It will help supplement the costs of training, nutrition, travel, equipment and living expenses. Featured athletes include Mel Mueller, Tracy O'Hara, Mary Sauer, Jillian Schwartz, Jill Starkey and Kellie Suttle. - Olympian Kellie Suttle with a personal best and rank 15' 1 1/4" is the 1998 USA Outdoor Champion, 1999 runner-up Pan American Games, 2000 Olympian, 2001 runner-up USA Nationals, Indoor World Championships, and ranked 4th in the World Ranking. - Jillian Schwartz 14'9" is this years USA representative to the Paris World Championships in August 2003, a 3-time All- American, Duke Univ. Record Holder, and the 2002 runner-up USA Nationals. Both girls' use EssxSport products designed and endorsed by Earl Bell a three-time Olympian exclusively for EssxSport Corp. About EssxSport Corp. EssxSport Corp., ESXS designs, develops, manufactures and markets track and field equipment, soccer, volleyball, baseball and other athletic products for adults and children for use in Institutional, High Schools and College programs under the EssxSport brand name. The Company's products include sports equipment produced and manufactured in its California and Texas manufacturing facilities. Further details for our most recent filings can be found at investor.EssxSport.com. CONTACT: Bruce Caldwell President and CEO EssxSport Corp Copyright 2003 Market Wire, All rights reserved. ESXS .03..Revenues up 85%,Gross profit up 137%,net income profitable, projections up 20%.Small floater.Look line up level II. Net sales for the nine months ended May 31st 2003, increased by approximately $483,000 or 85%
He added, "Management would also like to announce that we have increased our annual projection by 20% over prior projections for the year ending August 31, 2003."
Gross profit for the nine months ended May 31, 2003 increased by approximately $366,000, or 137%, compared to the same period in 2002. As a percentage of sales, gross profit for the nine months ended May 31, 2003, increased to 60% compared to 47% for the same period in 2002.
NET INCOME (LOSS)
The Company's net income increased to $38,000 for the nine months ended May 31, 2003, compared to a loss of approximately ($116,000) for the same period in fiscal 2002. |