And if they get the Olympic contract for sports and field........................
"ESXS -- EssxSport Corp.
Com ($0.001)
Company News and Press Releases From Other Sources:
EssxSport Corp. Moves From Pink Sheets to the OTCBB
Exceeds Annual Revenue Projection by More Than 20%, FY 2003 Revenues Increase Over 70% Compared to FY 2002
SUN VALLEY, CA, Oct. 30, 2003 (MARKET WIRE via COMTEX) -- EssxSport Corp (OTC BB: ESXS) today announced that it has been approved and has begun trading on the Over the Counter Bulletin Board (OTCBB).
Bruce Caldwell, EssxSport President and CEO, stated, "EssxSport continues to move in the proper direction. We're pleased to have accomplished our goal of moving up to the next stepping-stone 'The OTCBB.' Our sales continue to increase, expenses are well-managed and gross margins are in line with our goals." He added, "Management would also like to announce that we have surpassed the increase in the annual revenue projection we set at the 3rd quarter, for the year ending August 31, 2003. Revenue has grown from $710,000 in FY 2002 to over $1.2 million in FY 2003, a percentage increase of over 70%."
Caldwell went on to say, "We are now ready to begin considering synergistic acquisitions to complement our existing business lines and increase sales to meet our 2004 goals."
More information on EssxSport Corp. can be found at investor.essxsport.com.
About EssxSport Corp.
EssxSport sells several lines of sports equipment under the brand name ESSX. The Company produces and manufactures its own branded products and private labeled products in its two plants located in Fort Worth, Texas, and Sun Valley, California. Primary products, manufactured for Track and Field, are distributed to elementary schools, High Schools, Colleges and Universities. The Company manufactures, as well as contracts with manufacturers, for the production of other sports equipment, and various other lines, for products used in baseball, basketball, volleyball, and soccer, marketing directly to end users via the Internet, catalog sales and trade shows. Visit EssxSport online to purchase products at eonlinesports.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products; delays in testing and evaluation of products; and other risks detailed in the Company's information package available upon request from the Company.
EssxSport Corp
Bruce Caldwell
President and CEO
Bruce@EssxSport.com essxsport.com
Investor Relations
Cinapsys, Inc.
Mark Moline
Tel: 866-EASY-IRM
mark@cinapsys.com
SOURCE: ESSXsport Corp.
Copyright 2003 Market Wire, All rights reserved.
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SUBJECT CODE: Business/Finance:Venture Capital:None
Education:College and University
Sports:Sporting Goods |
