SUFFER in Negotiations for Acquisition of Sports Facility Manufacturer
12 7월 2011 - 2:10AM
Marketwired
SUFFER (PINKSHEETS:
SUFF)
today announced the company has entered
into negotiations for the
acquisition of a West Coast Sports Facility Manufacturer.
Suffer President
Joseph Lewis today
announced the company entered into negotiations last week with the
established Sports Facility Manufacturer. The acquisition will
enable Suffer to become competitive in its pricing on Fight Cages,
and will allow the Sports Facility Manufacturer to produce its own
line of clothing for its facilities, which it has desired to do for
some time.
Mr. Lewis further stated, "The Sports
Facility Development business appears to have been almost recession
proof for the past 3 years; while most Industry sectors have had
troubled times, this sector still has Facility development orders
for several years ahead. The acquisition would enhance Suffer's
portfolio of divisions and add significant revenues to the
company's bottom line and would allow the company to accelerate the
development of new Suffer sports facilities."
About SUFFER Suffer is engaged in the
Design, Manufacture and Distribution of fine Men's and Women's
Apparel related to MMA (Mixed Martial Arts). The Company also
produces a line of Fight Gear and Media related to MMA. Currently
its products are sold online on its website www.sufferapparel.com
and retail outlets such as Gold's Gym. The company has been
pursuing international expansion in areas such as South America,
Canada, and Asia.
Safe Harbor Statement: This release
includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as SUFFER (SUFF) or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
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