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TKO licenses brand name to Avair's Punch Counting Products
Thursday , June 23, 2005 17:34 ET
HOUSTON, TX, June 23, 2005 /PRNewswire-FirstCall via COMTEX/ --TKO Holdings Inc. (OTC:TKHL,PK-News), manufacturer, marketer and licensor of sporting goods under the TKO brand name, today announced that it entered into a licensing agreement with Avair Fitness Equipment for the use of the TKO brand name within the United States and Canada in connection with Avair's punch counting products including the ProShots Punch counter.
"Management is pleased to be associated with a new innovative product that Avair will launch in the sporting goods market in the near future," said Garry Kurtz, President and CEO. "Not only is this in keeping with our mandate to grow market share in the multi-billion dollar fitness industry, it is an important step in our articulated branding strategy."
This unique punch-counting product can be fitted to any boxing glove or heavy bag glove. It is used for measuring strikes or landed blows and will be a valuable tool for training and development.
Founded in 1996, TKO is a growth-oriented manufacturer in the fitness and boxing markets of the sporting goods industry. With 500 retail and commercial clients - and growing - the Company provides products-of-choice for elite boxing events including the National Golden Gloves competition, IKF kickboxing tournaments and the International Female Boxing Association. Through its e-commerce capability, TKO also offers a complete line of boxing, fitness and lifestyle equipment direct-to-consumer at www.tkogear.com. TKO Holdings Inc. is quoted for trading on the Pink Sheets under the symbol TKHL.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
SOURCE TKO Holdings Inc.
TKO Holdings Inc., 6100 West by Northwest Blvd., Suite 160, Houston, Texas, 77040, 1-866-856-3488; please contact: Garry Kurtz, President & Chief Executive Officer Tel: 1-866-856-3488, Fax: (713) 996-7028, gwkurtz@tkosportsgroup.com
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