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I got in when it was 100% up..so I am not 200% up yet and i dont know why I didnt put a stop order but the tech sell off kind of scrwed me earlier this week.
Well I still think after this HUGE short interest in this stock which has been ongoing for a while..it should have some squeeze left in it.
-------------------- This is not a recommendation to buy or sell securities.
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EXCS: Show Key Characteristic Of Small Cap Winners One essential characteristic of any emerging small cap company is steady growth. Execute Sports Inc. (OTCBB: EXCS) exemplified just that with its recent Q3 financial update (for the three months ended September 30, 2006). A number of shrewd business moves such as Execute’s acquisition of Academy Snowboards and the development of a number of extremely fruitful e-commerce deals led to Q3 net sales that represent a 453% increase over Q3 ’05. In addition, sales for the first 9 months of 2006 hit $1,634,456, an increase of nearly 21% over the same time period during ’05. In order to gain traction in the flourishing $12 billion dollar action sports industry, EXCS is however paying the cost. Net loss for the three months ended September 30, was $1,065,502. Commenting on this, the news release states ”The three month year-over-year net loss increased primarily due to non cash costs related to the amortization of our debenture warrants, beneficial conversion feature, loss due to conversions of the debenture, loan interest, the reserve created for strategic loans made to an unaffiliated company and increases in selling and advertising expenses”. Although a loss remains on the books, the company’s aggressive goals for future growth should make that a thing of the past in the not so distant future. Pile that on top of Execute’s award winning Kampus Shoe Technology and the company’s industry all star management team and just like that you have one of the most diverse investments into action sports ever. Let alone for $.035
With a budding presence in the hearts of big name retailers such as Dick’s Sporting Goods, The Sports Authority, and Modell’s, EXCS is building solid brand recognition as well as growing revenues.
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Execute Sports Inc. (OTCBB:EXCS) announced today the sale and transfer of the Academy Snowboard brand. Academy Snowboards, acquired in 2006 as part of the Pacific Sports Group, Inc. acquisition, has been sold back to the original owners. In November, after a year of disappointing sales and sub-standard production, Execute Sports decided to shut down the division and actively began seeking a buyer for the high end snowboard brand. Deal points include the transfer of all liabilities, current receivables and all rights to the brand back to the original owners.
"The sale of Academy was pivotal in the successful restructuring of the company," said Geno Apicella, CEO of Execute Sports. "In lieu of the situation, the best possible deal was made, significantly reducing Execute's outstanding debt while finding a perfect home for the brand. With the sale of Academy behind us, Execute Sports will continue to focus on its growing Watersports business. Credit must be given to our board members for completing this deal in a swift and efficient manner. We couldn't be happier with the final results and we truly wish the brand and its new owners a new-found success in the future."
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