Any thoughts on EXCS? It had news yesterday, and the chart looks like it's close to ready:
Academy Snowboard Company Increases European Sales Orders by 181 Percent for 2006-2007 with Orders from Italy, Austria, France, Germany and Switzerland
By PrimeZone Last Update: 6/27/2006 3:12:24 PM Data provided by
SAN DIEGO, Jun 27, 2006 (PRIMEZONE via COMTEX) -- Execute Sports, Inc. (EXCS) announced today that Academy Snowboard Company has increased its sales in Europe by 181% with orders from leading European distribution company AB Invest, into Italy, Austria, France, Germany and Switzerland. Overall, with these orders, Academy Snowboard Co.'s international orders have increased by 51% year-to-date over last year.
Jeff Baughn, Marketing Director for Academy Snowboard Co., commented that "with the addition of Austria, Italy, Germany and Switzerland to our European distribution, Academy Snowboard Co. is now well-positioned through its partnership with AB Invest to grow its European footprint." The European market for snowboards is estimated to be a $100 million annual market.
Gregor Surer, CEO of AB Invest, stated that "the Academy Snowboard line is an up and coming brand that is supported by quality and well represented by top pro athletes. We look forward to promoting the Academy Snowboard brand on this side of the Atlantic to become a leading brand in Europe."
About Execute Sports, Inc.
Based in San Clemente, California, Execute Sports, Inc. develops performance products including wetsuits, vests, rash guards, snowboards, wake skates, bindings, bags and apparel for the action sports industry. The Company's brands include Execute Wetsuits, Academy Snowboards, Kampus Wakeskates and Kampus Shoes, Execute Moto Graphics, Collective Development Bindings and Collective Development Bags. In addition, Execute has an exclusive worldwide license to design, produce and distribute EagleRider apparel through EagleRider's 35 franchises and through the Company's eCommerce site, http://www.eagleridergear.com. For more information, go to http://www.executesports.com and http://www.academysnowboards.com.
About AB Invest
Founded in 1992, AB Invest is a leading European action sports distributor. Amongst brands currently distributed throughout Europe by AB Invest are Grenade gloves and outerwear, One Ball Jay Wax, and eesa snowboard clothing. AB Invest also owns a skateboard manufacturing firm in Germany, Kramer Elastics.
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include expectations regarding the ability of the company to continue its growth and the financial performance thereafter. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the ability to accomplish goals and strategies, anticipated revenue enhancements, general economic conditions and the level of consumer spending, and numerous other factors identified in the Company's Form 10-KSB and other filings with the Securities Exchange Commission.
I see they HAD 20,885,483 shs o/s on May 9th, and had some SB2's afterwards. But if I'm reading those right, it looks like the 51.7 million shares, that are going to be issued, are all going to Dutchess for warrants (3mill), sales under investment agrmnts (35mill), and conversion of a convertible debenture (12.66mill). 940k shs are being issued to certain individuals..