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Sport Supply Group, Inc. Declares Quarterly Cash Dividend and Announces Appointment of John Pitts as Chief Financial Officer
Monday, October 1, 2007, 10:59am ET
DALLAS--(BUSINESS WIRE)--Sport Supply Group, Inc (AMEX: RBI - News) announced today that its Board of Directors approved and declared a quarterly cash dividend of $0.025 per share on the Company's common stock for the first quarter of fiscal 2008, which ended September 30, 2007. The quarterly cash dividend is payable on October 30, 2007, to all stockholders of record on the close of business on October 11, 2007.
Also today, the Company announced the previously anticipated appointment of Mr. John Pitts to the position of Chief Financial Officer. Mr. Pitts was formerly the Sr. Vice President of Finance, and replaces William Estill who officially retired on September 28, 2007.
Sport Supply Group, Inc. is the nation’s leading marketer, manufacturer and distributor of sporting goods and branded team uniforms to the institutional and team sports market. The Company markets via three million direct catalogs, a 40 man telesales team, 150 direct sales professionals and a family of company-controlled websites.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements relating to the Company’s anticipated financial performance, business prospects, new developments and similar matters, and/or statements preceded by, followed by or that include the words “believes,” “could,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” or similar expressions. These forward-looking statements are based on management’s current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results may differ materially from those suggested by the forward-looking statements due to a variety of factors, including changes in business, political, and economic conditions due to the threat of future terrorist activity or otherwise, the ability to successfully complete integration related activities, actions and initiatives by current and potential competitors, and certain other additional factors described in the Company’s filings with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. The Company is not under any obligation and does not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
Contact:
Sport Supply Group, Inc.
Adam Blumenfeld, 972-243-8100
Source: Sport Supply Group, Inc.
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