GMTC Me too!! A real nice winner! Check out PTII, Ski Helmet news.
Wednesday January 14, 10:47 am Eastern Time
Company Press Release
PTI Holding Inc. Introduces New Ski Helmet Line
Product Line To Include Both the Youth and Adult Market -
HASTINGS-ON-HUDSON, N.Y.--(BUSINESS WIRE)--January 14, 1998--PTI Holding Inc. (Nasdaq:PTII - news) today announced the introduction of a new
ski helmet line designed for youths and adults.
The Company will introduce its new product line during the Atlanta Super Show on February 5, 1998 and will begin product shipments during March. The product
will be sold in major sporting goods chains and will retail between $40 and $60.
Warren Schaeffer, President of PTI Holding Inc., commented, ''The roll-out of new products is in keeping with the Company's strategy of being an industry leader
in developing new product offerings and like our previous introductions, this line is market-driven.''
''Our new line, Alpine Assault(TM), is one of a series of new products that appeals to both the growing concerns of parents looking to safeguard their children, as
well as adult skiers seeking ways to protect themselves,'' Schaeffer noted. ''We greatly recognize the need for further safety measures on the ski slopes due to
increased concerns surrounding protective headgear for skiers, and feel this product line will service this need.''
PTI Holding Inc. manufactures and distributes a full line of safety helmets and bicycle accessories as well as children's bicycle accessories sold under the
Playskool(TM) brand name. PTI products are sold nationwide at Toys ''R'' Us, Target Stores, Sports Authority and Sam's Club.
Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. PTI's actual results could differ materially from those expressed or indicated by forward looking statements. Factors that could cause
or contribute to such differences include, but are not limited to: seasonality, adverse weather conditions, market acceptance of new products, competitive actions,
relationships with major retail customers, retail environment, economic conditions, currency fluctuations and other risks detailed in the Company's filings with the
Securities and Exchange Commission.
Contact:
PTI Holding Inc.
Meredith Birrittella, 914-478-8200
or
Morgen-Walke Associates
Investor Relations: Cheryl Schneider\Shannon Moody
Press: Michael McMullan, 212-850-5600 |
