Steve,
Thanks for the post. The following is the news release.
I found, " subject to certain conditions, one of which gives TVI the option to acquire Amateur Sports Group," to be interesting.
Regards, Rick
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News January 13, 1999 13:30
TVI Corporation Announces Distribution Agreement
GLENN DALE, Md., Jan. 13 /PRNewswire/ -- TVI Corporation announced today that it has completed an Agreement with Amateur Sports Group, Inc. (ASGI) providing for the marketing and distribution of its Hospitality
and Promotional Products in the US. The Agreement grants exclusive marketing rights, subject to certain
conditions, one of which gives TVI the option to acquire Amateur Sports Group.
Amateur Sports Group is a private company headquartered in Millersville, Maryland. Under the able leadership of
its two principals, Scott Westcoat and Jay Goldstein, it has achieved continuing success in outdoor event
management, promotion and marketing. Initially specializing in sports events, ASGI has continually expanded its
marketing efforts to include a variety of outdoor entertainment events. These efforts have led to a number of
relationships with major corporations such as McDonald's, PepsiCola, and Budweiser. ASGI has placed an
initial order for two large Hospitality Shelters for use by DC United, winner in 1997 and runner-up in 1998 of the
US soccer championship.
Allen Bender, president of TVI, expressed his pleasure with the arrangement. He noted that the two companies
had been working together for the past year, and that he had been impressed with the skills and
accomplishments of ASGI. "They have developed innovative ideas and techniques for product and image
promotion in a variety of venues," he said. "Our products are new and different, and will benefit from their fresh
and innovative approaches."
The Hospitality and Promotion line includes a number of multi-purpose tents and structures designed for both
functionality and promotional use. The line includes a variety of portable billboards and portable signs, all of
which may be custom designed. The tents, billboards, and signs all employ an articulating frame which enables
a completely finished product to be erected almost instantly, and to be collapsed into a very small package for
transport and storage. Patent applications have been submitted for all product categories and are currently
pending.
The Company noted that the product line is consistent with its planned product diversification, and that the
Agreement is consistent with its strategy of increased priority for marketing efforts in 1999
SOURCE TVI Corporation
/CONTACT: Allen Bender of TVI Corporation, 301-352-8800/
(TVIN) |
