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Microcap & Penny Stocks : AREE - Formerly TVSI
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To: John D. Morrison who wrote (874)2/14/1998 5:04:00 PM
From: s martin  Read Replies (3) of 6528
 
NextLevel states they are a non profit organization. I am not an accountant (see that Riley) so I don't know the ins and outs of making making profits through a non profit organization. Perhaps Someone else can explain this and also the trademark situation as it pertains to Asics.

Of the initial transactions planned, Planet Sports has reached a preliminary agreement to acquire Next Level(TM) Sportsystems Inc. Next Level(TM) has launched a sportswear and apparel line aimed at youth team sports and young urban apparel. Next Level(TM) expects to achieve over $10 million in sales in 1998 to accounts including J.C. Penney and to department stores and mainstream, big-box sporting goods retailers. Next Level(TM) projects growing to in excess of $60 million by the year 2000.

Next Level(TM) has a unique vision to combine high-visibility marketing and community service through the Next Level(TM) Foundation, a non-profit organization formed to fund and administer programs to inspire America's youth to focus on positive, rather than negative, influences. The company intends its brand and products to be identified with these activities and to attract sponsorships and representation by high-visibility athletes and community leaders. Next Level(TM) currently has several high-profile professional sports figures as investors and spokesmen for the product line.
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