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2004-12-01 12:11:03
Sport Supply Group Inc.'s Board Authorizes Stock Repurchase Program

Business Editors / Sports Editors

DALLAS--(BUSINESS WIRE)--Dec. 1, 2004--
Sport Supply Group, Inc. (OTCBB:SSPY), a leading
manufacturer and distributor of sporting goods and physical education
products, announced today that its Board of Directors has authorized
the repurchase of up to $3,000,000 of the Company's outstanding common
stock. The repurchases will be made from time to time in open market
transactions and privately negotiated transactions in such amounts as
determined in the discretion of the Company's management and will be
funded out of the Company's working capital. The number of shares
repurchased will depend upon the availability of shares at acceptable
market prices.
Geoffrey P. Jurick, the Company's Chairman and Chief Executive
Officer said, "Our Board of Directors believes that the market price
for the Company's shares does not reflect their true value and that
the repurchase program will benefit the Company and all of its
shareholders."
Sport Supply Group is a leading direct marketer and B2B e-commerce
supplier of sporting goods and physical education equipment to the
institutional and youth sports market place. Athletes, coaches and
instructors in schools, colleges, universities, governmental agencies,
camps and youth organizations across the country use our products.
Emerson Radio Corp. (AMEX:MSN) owns approximately 53% of Sport Supply
Group's issued and outstanding common stock.
For more information about Sport Supply Group and for complete
financial statements, please visit www.sportsupplygroup.com.
This press release other than the historical information, consists
of "forward-looking statements" (as defined in the Private Securities
Litigation Reform Act of 1995) which are identified by the use of
words such as "believes", "expects", "projects", and similar
expressions. While these statements reflect the Company's current
beliefs and are based on assumptions that the Company believes are
reasonable, they are subject to uncertainties and risks that could
cause actual results to differ materially from anticipated results.

KEYWORD: NORTH AMERICA TEXAS UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY INTERNET MANUFACTURING SPORTS
SOURCE: Sport Supply Group, Inc.


CONTACT INFORMATION:
Sport Supply Group, Inc.
Terry Babilla or Bob Mitchell, 972-484-9484


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Last price 2.25, bid 2.30, ask 2.85!
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Did anyone actually get in on this? It wouldnt come up on my Scottrader ; not that that would have mattered really, being a pinkie, I would have had to call it in anyway w/ Scottrade.
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quote:
Originally posted by Phoenixx:
Did anyone actually get in on this? It wouldnt come up on my Scottrader ; not that that would have mattered really, being a pinkie, I would have had to call it in anyway w/ Scottrade.

I considered it but right now I have no dry powder...


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