New products: Drift Innovation Takes Off into Surf Market with Introduction of New Surf Mounts

London, Aug 2, 2012 -

Drift Innovation, the action sports technology company and manufacturer of the Drift HD and HD720 wearable Point of View (POV) cameras, is preparing to enter the surf market with the introduction of a Surf Mount and FCS Surf Mount.   These mounts mark the first surfing-specific accessories offered by Drift.
“We are really excited to now offer a new range of accessories that will enable Drift cameras to capture yet another one of our favorite action sports – surfing,” said Simon Wootton, Global Brand Manager at Drift Innovation.  “We can’t wait to see the innovative angles and high quality surfing footage that our sponsored athletes and Drift customers will be able to capture, thanks to the functionality of our new mounts.” 

Surf Mount - The Surf Mount is equipped with a tough 3M VHB adhesive suitable for surfboards, kiteboards, and windsurf boards so that surfers, from novice to pro, can capture the thrill of their first wave or that perfect barrel from their most recent session. Incorporating the new ratchet washer system and made from a super durable waterproof polymer, the Surf Mount will securely lock your camera into position. And with the camera being able to pivot more than 100° and rotate 360°, the Surf Mount ensures that you get that perfect shot. The Surf Mount also includes a nylon cord, attaching the camera to the mount, making it impossible to lose your camera, even in the heaviest conditions. MSRP $19.99

FCS Surf Mount
 - The FCS Mount allows surfers to secure a Drift camera to the deck of their board, with no need for adhesive, so that they never miss filming a single wave. The FCS Surf Mount fits into a standard FCS plug and by using the FCS system, the mount can be easily swapped between boards.  Incorporating the new ratchet washer system and made from a super durable waterproof polymer, the Drift Surf Mount will securely lock your camera into position. And with the camera being able to pivot more than 100° and rotate 360°, the FCS Surf Mount ensures you get that perfect shot. The FCS surf mount also includes a nylon cord, attaching the camera to the mount, so your camera won’t end up on the bottom of the ocean.  MSRP $9.99           
The Surf Mount and FCS Surf Mount are available now.  
 For more information about Drift, visit www.driftinnovation.com.  To purchase Drift products, visit a Drift retailer near you.

About Drift:
Drift Innovation is an action sports technology company specializing in the capture and sharing of digital imagery across all platforms. Drift manufactures quality point of view HD cameras, mounts and accessories, inspiring action sports enthusiasts to document their experiences, capture the emotion and share their vision with friends and family. Drifts mission is to ensure that their unique product features   such as an LCD screen for instant playback, wireless remote control, rotatable lens and intuitive interface, guarantee a simple, positive user experience. Drift sponsored professional athletes in moto, auto, outdoor, snow, aquatic and airborne sports, are an integral part of the R&D process, testing the performance and durability of Drift products in the field.  For more information about Drift Innovation, visit www.driftinnovation.com

Lauren Fallert / Verde PR & Consulting / lfallert@verdepr.com / 970.259.3555

Awards :Mountain Mama Announces Winners of the 2012 Outdoor Family Award

Another Outdoor Retailer Summer Market is wrapped up and Mountain Mama is proud to announce best in gear for outdoor families. Mountain Mama invited a panel of outdoor family bloggers to serve as scouts and judges for the Outdoor Family Award™. To keep the process transparent, they tagged nominees on twitter with #outdoorfamilyaward and ranked the winners in five categories. Mountain Mama is proud to present the following companies with the Summer 2012 Outdoor Family Award™:

OUTDOOR PARENT: Osprey Poco Premium Pack  
This kid-carrier taps into Osprey’s niche of making comfortable, supportive, light, well ventilated and easy to adjust packs; and provides a safe way to carry our most precious cargo.  The Poco kid-carrier includes a hydration reservoir sleeve and a removable/washable drool pad.  Plus, it folds easily for storage and travel.   

New parents are always looking for convenience and this ergonomic baby carrier gives just that.  It’s ultra-light, packs small and carries baby with ease.  Ideal for traveling light…which is seemingly impossible with baby in tow.  

OUTDOOR FAMILY: Burley Kazoo Trailercycle
Start training your kiddo on two wheels with this single-speed attachment that secures safely behind mom or dad’s bike.  Burley’s patented ball-bearing guided hitch offers superior handling, tracking and stability.  The trailercycle is easily adjustable for growing children and can also be transformed into a full bicycle with Burley’s Plus TM.  

OUTDOOR BABY & KID: LuckyBums Stand Up Paddle Kit
Available in 5, 8 and 11-foot lengths, this wide, stable and light board is a great way to get started.  The length makes for responsive turning and easy wave cruising.  A slight rocker allows for easy gliding on flat water.  The soft traction pad creates grip when wet.  The SUP comes with a kid-sized, adjustable paddle.   

OUTDOOR PET: Alite Boa Lite Leash
This dog leash has a poo bag dispenser, stash pockets, a nightlight loop and a quick-release handle.  It’s also easy to clean and fast-drying…what’s not to love?
Awards are determined based on needs and preference of Mountain Mama’s employees, product testers, brand ambassadors and judges. This year’s judges include Melissa from Adventure Tykes; Seth, designer of My Outdoor Alphabet; Corey and Jentri from Backcountry Parenting; Randi from UpaDowna; Haley from Climb Run Lift Mom; and Teresa from Mountain Mama. None of the products chosen above were given to Mountain Mama as a promotional effort. 

Please visit www.mountain-mama.com for more information.

About Mountain Mama:
Mountain Mama is the brainchild of Teresa Delfín, an active mom and 18-year veteran of the outdoor industry with a Ph.D. from Stanford. She has trekked the Inca Trail twice, climbed 19,000-foot mountains and won the Panamanian National Bouldering Competition. The company is located in the foothills of southern California’s San Gabriel Mountains, where it designs, produces and manufactures the majority of its products within a 20-mile radius. Mountain Mama produces comfortable performance apparel for swimming, hiking, climbing, kayaking, snowshoeing, yoga and more – all designed to accommodate pregnancy and beyond. 

Business news : JJB Puts Itself up For Sale After Failing to Raise Capital

JJB Sports put itself up for sale Thursday morning after strategic partners declined to invest more money in the failing UK retailer to help it continue its restructuring. The company said that since announcing efforts on July 19 to raise more capital, comp store sales had decreased 3.3 percent and gross margins had decreased 9.5 percent.

JJB has hired KPMG LLP to advise it during the formal sale process, but said there was no guarantee it would find a buyer and that  its shareholders could be wiped out.

“Given the level of current debt within the company, there can be no assurance that any proposal or offer that may be made would attribute value to the ordinary shares of the company,” reads the company’s press release. “The Board will update the market as to the status of the process in due course.”

Bob Corliss will assume the role of Chairman Sept. 1 to lead the company through the sale process while Mike McTighe will remain on the board of directs as a non-executive director.

As at 28 August 2012 net bank debt was £16.5 million. In addition, the company has £18.75 million of Convertible Loan Notes outstanding and has also drawn down £1.1m under the trade loan facility.

Dick’s Sporting Goods took a $32.4 million charge in the second quarter to write off the value of its 3.3 percent stake in JJB, which it acquired in April.

 JJB now operates in most major towns and cities of the UK as well as on the internet and other channels. JJB also has stores in the Republic of Ireland. JJB's stores are increasingly of a superstore concept, which average 11,000 square feet of selling space and in which full product ranges can be better displayed. The product ranges include sports textiles, footwear, replica shirts, equipment, accessories, cycles and golfing products.

Related previous posts: 
JJB Sports (UK) Spring Sales Miss Plan
JJB Sports Seeks Funding, Appoints Bob Corliss As Chairman
La Senza director, Beverley Williams, takes helm at JJB (UK) 
Dick's SG Q2 Impacted by JJB Sports Charge

Business and trade show : Zoot Sports Returns to Interbike 2012 with the Introduction of their new Custom Program

Encinitas, Calif., Aug , 2012 -
Zoot Sports, a global leader in endurance sports and makers of performance apparel, wetzoots, footwear and accessories, is excited to announce their return to Interbike ( las Vegas 19-21 septembre 2012), the largest annual gathering of the bike industry in North America. Taking place September 19-21 in Las Vegas, Nevada, this is Zoot’s first appearance at the show since 2008. Interbike 2012 will mark the global debut of Zoot’s new Custom Sublimated Apparel Program.

“We knew in developing our new custom program that Interbike was the perfect place to do the unveiling,” said Chris Bogue, vice president of sales and marketing, Zoot Sports. “We’re really looking forward to being back at the show, and sharing our big news with the cycling community.”

Zoot has been one of the most recognizable brands in the triathlon market for 30 years and is distributed across 22 countries. Since their inception, Zoot Sport's product mix has grown to include wetsuits, running shoes, cycling apparel, run apparel, swimsuits, triathlon specific footwear, and compression apparel.

Over the past year Zoot has been working with their Pro and Ultra Teams to prefect the Zoot Custom sublimated apparel. This year at Interbike 2012, the program will launch to the public at Zoot booth #11123. Custom sublimated apparel is very popular among running, cycling, and triathlon teams because it allows for individuality in the design of the apparel with their personal team graphics. Zoot will have a full range of tri, run and cycling apparel dedicated to the program.

Zoot Custom team kits can be personalized in collaboration with the Zoot Design Team. Teams will be able to customize their kits with team graphics, sponsors’ logos, and their own unique artwork. A free fabric proof will be printed to confirm artwork and will be delivered within ten weeks of sample confirmation. For orders over 100 pieces, shipping is free. Visit http://www.zootsports.com/custom for more information.

About Zoot Sports
Zoot Sports is 100% focused on providing the athlete with the ultimate in performance apparel, wetzoots, footwear and accessories. For 25 years, they have been pioneering innovative product solutions that cover the athlete from start to finish and head to toe. Zoot continues to draw on its history in the sport and its athletes to deliver the most comprehensive, technologically advanced and complete multisport product line in the world.

Verde PR / Lisa Mullen / 970.259.3555 /Lisa@verdepr.com

Business news :Germany’s Bicycle Plan Could Increase Sales By €1 billion

Germany’s soon to be released national cycling plan aims to increase cycling share of transport to 15%, up from its current level of 11%. ADFC and ECF, who are organising the Advocacy summit at Eurobike, estimate that the plan would see an additional 800,000 bike sales and an increased price of €53 per bike across the larger market of nearly 5 million bikes.

15% of all trips by bike. 
 ADFC Chief Executive Burkhard Stork says: “We have helped the government develop the NRVP (Nationaler RadVerkehrsPlan) to increase the cycling rate in Germany and we have convinced Minister Ramsauer that 15% is the realistic target.”
“People like cycling – but they won’t cycle if the environment is not cycle friendly. And if people are not cycling, they don’t buy bicycles, cycle-wear, accessories and so on,” adds Stork.
In Germany the market has struggled to replace historic highs during the peak of mountain bike sales but there has been an underlying upward trend in full specification city bikes. Coupled with higher unit prices from E-bikes sales, the new plan will give the German cycling market a much needed boost.

EU trends and figures
Development Director of ECF Kevin Mayne says: “We have always believed that the huge reach of daily transport cycling means it can have a bigger effect on markets than any other form of cycling. Now for the first time we have compared EU wide figures for transport cycling with market figures and confirmed that this an EU wide trend. Countries with the highest transport cycling simply buy the most bikes. We also find that higher transport cycling shares are associated with a higher unit price of bikes which gives the market an additional boost.”
The Advocacy Summit will be gathering top CEOs and companies at Eurobike on August 30 to discuss how advocacy can increase sales. Interested parties can register their interest for the event here.
ECF and its allies believe tha the bicycle industry should seriously consider investing more money and time into bicycle advocacy across Europe.  Even small investments could result in large increases in sales.
At the end of the day, getting more people on bikes is good news for everyone, advocates and industry alike.
An analysis of the impact of Germany’s national cycling masterplan on salses can be found here.

About ECF
Founded in 1983, the European Cyclists’ Federation (ECF) is the umbrella federation of the national cyclists’ associations in Europe, reinforced by similar organisations from other parts of the world. ECF seeks to change attitudes, policies and budget allocations at the European level. ECF stimulates and organises the exchange of information and expertise on bicycle related transport policies and strategies as well as the work of the cyclists’ movement.

Sport events :Nike to Replace Umbro as England's Kit Provider

Nike reportedly will replace sister brand Umbro as the official kit provider for the England football team.

According to the Daily Mail, Nike will be launching a new England away strip as early as next spring. Umbro's existing £20 million a year dealwas supposed  to run until 2018.

Nike announced in May their plan to sell Umbro after having acquired the soccer brand in 2007 for £285 million.

Award : La Sportiva Vertical K Receives RUNNER’S WORLD Best Debut Award

Boulder, Colorado, Aug 28, 2012 -
The La Sportiva Vertical K has been honored with the “Best Debut” award in the RUNNER’S WORLD magazine Fall 2012 trail shoe review. The award from RUNNER’S WORLD comes on the heels of the Editor’s Choice award the Vertical K garnered in the June 2012 issue of Trail Runner magazine.

“The Vertical K really changed the perception of what a lightweight trail shoe can be,” states Jonathan Lantz, president of La Sportiva North America. “At 6.9 ounces, the Vertical K is one of the lightest trail shoes on the market but it still provides enough stability and protection for long miles on the trail. It is perfect for fast 5K’s or 20+ miles in the mountains.”

The Vertical K features La Sportiva’s Morphodynamic™ sole technology to reduce weight and promote natural flex along with a sticky rubber outsole for superb traction in technical terrain. The lightweight one-piece wrap over the upper reduces seams and creates a great fit. At 6.9 ounces, the shoe has been the choice for everyone from top ultra marathon racers to weekend warriors.

The Runner’s World “Best Debut” award is presented to a shoe that represents a promising new addition to its category, receiving high marks from wear-testers, editors and mechanical testing in the state-of-the-art RUNNER’S WORLD Shoe Lab.

About La Sportiva North America:With over 80 years of heritage, La Sportiva has unrivaled experience in building the world’s finest performance mountain footwear. Creating innovation through passion, La Sportiva now offers the most versatile technical climbing, mountaineering, Mountain Running® and hiking shoes on the market as well as ski mountaineering hardware and apparel. For more information on La Sportiva visit www.sportiva.com or visit their Facebook page at: http://www.facebook.com/LaSportiva.

Cory Lowe / Backbone Media /65 North 4th Street - Suite 1/Carbondale, CO 81623
T: 970.963.4873 x127 /C: 970.376.2911 /F: 303.265.9854

Business people : GreenBlue appointed Nina Goodrich director of its Sustainable Packaging Coalition (SPC)

Goodrich is an internationally recognized leader in the packaging industry with expertise in sustainability, innovation, and organizational development. She was previously program director for PAC NEXT in Toronto, an initiative of The Packaging Association that strives towards a “world without packaging waste.”
At PAC NEXT, Goodrich built a strong reputation for facilitating constructive collaboration throughout the packaging value chain to promote end-of-life solutions that improve recovery, re-use, and diversion of packaging. Goodrich also founded consultancy Sustainnovation Solutions to inspire industry to understand the opportunity side of sustainability and the role it can play in re-inventing competitive corporate strategy.

Founded in 2002, GreenBlue was one of the first sustainability nonprofits to work exclusively in collaboration with business. For the past decade, the organization has successfully served various industries, including packaging, forest products, chemicals, textiles, and building products. GreenBlue has a strong track record in convening industry working groups to create whole-market solutions for the most pressing sustainability challenges.
GreenBlue’s flagship project, the SPC (sustainablepackaging.org), is a working group of companies from across the packaging supply chain that has grown from nine to nearly 200 members since 2004 and is now recognized as the leading voice on packaging sustainability.

“We are thrilled to have Nina Goodrich join GreenBlue and are looking forward to seeing how her insights on value innovation can be incorporated into the work of the SPC,” said GreenBlue Board Chair Guy Gleysteen, a Senior Vice President at Time Inc.
The SPC Director selection process was led by a review committee made up of representatives from the SPC executive committee and GreenBlue's board of directors and staff, who worked together to evaluate candidates and ultimately selected Goodrich for the position.

“Nina brings not only exceptional experience in packaging and sustainability to the organization, but also valuable expertise in innovation and a tremendous amount of personal energy,” said SPC Executive Committee member Jeff Wooster of The Dow Chemical Company. “We are excited to have Nina leading the SPC as we implement the strategic plan for our 2020 Vision.”

Goodrich will be introduced as the new SPC director to the Coalition membership at the upcoming SPC Fall Members Meeting, which will be held in Pittsburgh on September 10-11.

“I am delighted to be joining the SPC/GreenBlue family. I have had the opportunity to work with the SPC as an industry member and as a project team member and am thrilled to have been chosen to lead the SPC into its next chapter,” said Goodrich. “I am looking forward to working with members and staff to continue the great work in education, action, and opportunities for global packaging sustainability initiatives and beyond.”

(SportsOneSource Media )

New product : H2O Performance Paddles releases latest lightweight Kayak Paddle

Toronto, Canada, Aug 28, 2012 -
August 27, 2012

New for 2013 H2O Performance Paddles (‘H2O’) introduces its new lightweight ECO-REC paddle.  Utilizing its parent Company’s extensive R&D and precision plastics expertise, H2O has created one of the lightest recreational paddles available in the global marketplace.  An advanced dihedral blade design for flutter free strokes combined with H2O’s Fast Ferrule (patent pending) system, this paddle is sure to set the benchmark in the $119 - $139 price point.  “This paddle is a direct result of our dealer feedback, we value the voice of our Customers and our new ECO-REC is the culmination of that input to create a class leading paddle”, Shillion Mongru, H2O Marketing Manager.
H2O Paddles continues to lead the way in technical development in the paddle sports industry.

About H2O Paddles
H2O is a global supplier of High Performance Kayak and Canoe Paddles. With over 10 years of manufacturing experience, H2O has created industry leading designs such as its Crystal X blades, Super Tour Nanotechnology paddle and ergo grip Whitewater paddles.  H2O holds patents and is patent pending on numerous signature design elements.
 Located in Toronto Canada, H2O is a subsidiary of Dynaplas Ltd., a global high precision plastics supplier with ‘black box’ design, product validation and testing capabilities, in-house tooling facilities and injection molding machines ranging from 12t to 500t.

H2O Performance Paddles : Customerservice@h2opaddles.com, 416-293-6942

Business people : Amer Sports Announces New Marketing VP/Director & Salomon Brand Franchise Leader for the Americas

Ogden, UT, Aug 30, 2012 -

Amer Sports Winter and Outdoor Americas announces the appointment of Ashley Williams to the position of Americas Marketing VP/Director & Salomon Brand Franchise Leader.

Williams will lead the charge in defining the total Salomon marketing plan and will work with business directors and country managers to define the marketing plans for Suunto, Atomic and Wilson. He will participate in developing and delivering local sell in, sell thru and sell out programs. He’ll adapt global marketing programs to each region to deliver on trade and consumer demand. And he’ll manage all internal marketing personnel and the shared services department.

“I'm really looking forward to working across the Amer Sports portfolio of brands and contributing to driving the business in the Americas,” said Williams. “And I'm looking forward to connecting more consumers with these great products and the overall brand experience.”

Williams comes to Amer Sports with nearly two decades of brand experience in consumer, retail and sports marketing. Most recently he served as the Head of Marketing for Yakima USA. Prior to that, Williams spent 16 years at Adidas where he worked in sports marketing and retail marketing before becoming the brand’s USA Marketing Director.

“As someone who's passionate about the outdoors, combining my professional experience with my love for the outdoors is the perfect scenario,” said Williams. “I also feel that Amer Sports has really smart people working for it so I'm looking forward to working alongside them.”

Williams is active in skiing, snowboarding, distance running and many other outdoor sports. He has relocated from Portland, OR to Ogden, UT with his wife and young children.

Amer Sports is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Precor, Suunto and Mavic. The company's technically-advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the NASDAQ OMX Helsinki stock exchange. www.amersports.com

New product : Kelty AirPitch inflatable tents pitch in less than a minute.

It’s not the first inflatable tent, but it might be the most affordable and easiest to use.

By replacing traditional poles with inflatable "AirPoles," Kelty’s family camping-sized shelters set up in under a minute with a dual-action floor pump, the kind you’d use to pump up an inflatable raft. The rainfly is pre-attached to the body of the tent, so there is no futzing with inner and outer layers.

Once it’s up and inflated, internal sleep room can be set up with a couple of clips, while oversized vestibules hold even a car-camping quantity of gear. And when you’re ready to break down, just pull the plug.
"As anyone who has ever been camping will tell you, setting up a tent—especially a larger tent—can be a time consuming headache," said Sue Timbo, marketing director for Kelty. "AirPitch tents speed and simplify this process. And the 'poles' are stronger and more durable than traditional aluminum or fiberglass—they won’t bend, kink or break even in stormy weather."

The Mach 4 has 50-plus square feet of internal and vestibule space with a peak height of more than six feet. An internal sleep room clips into the tent to create a double-walled private space. The Mach 6 has more space than most New York City apartments, with two separate sleep rooms, each with 49 square feet of floor space. A central vestibule has an additional 38 square feet of storage space with a peak height of more than six feet. The sleep rooms in both tents are removable. Available spring 2013, $389 (four person), $499 (six person); kelty.com.

( Source : outsideonline.com by Berne Broudy @berneb

New product : Again, a mainsail, transparent for Hobie Cat 16

After the success of its first generation of Dacron sails horn for the legendary Hobie Cat 16 Sailing Forward presents an even more formidable hand to taste a Hobie day older.

In this case, a large mainsail, boom rigging standard, transparent fabric with a robust and UV resistant.

  A model that includes all the good ideas from the previous version, with the added bonus of slats tensioners upgraded, equipped with a scale reference voltage. The jib is in turn provided with slats and a stainless draille luff.

What boost the performance of its cata with a modern cut effective, but her look with a nice design and transparent horn!

( Source actunautique.com )

Sport events :Nuun To be Official Hydration Sponsor for Nike Women's Marathon Events

Nuun will be the Official Hydration Sponsor of the 2012 and 2013 Nike Women’s Marathon and Half Marathon events (NWM). The Nike Women’s Marathon will return to San Francisco for its ninth year on Oct. 14 and will celebrate its 10th year in October, 2013. Nuun is the Official Electrolyte Beverage and will be served at all on-course aid stations as well as the start and finish lines.

From its inception, Nuun has built its business by focusing on better health and performance through hydration. Beverages containing a large amount of sugar can accelerate the dehydration process; Nuun’s no sugar, portable electrolyte enhanced drink tablets are ideal for Nike Women’s Marathon runners. Nuun drink tablets turn water into a beverage containing the optimal balance of water and electrolytes to properly and efficiently hydrate the body. To prepare and support the runners, Nuun will be providing participants with hydration tips and education about training with Nuun on the NWM official Facebook page.

Nuun will also collaborate with Nike through sampling programs and educational clinics for participants at California-area training runs. These runs will be held at NIKETOWN San Francisco, Nike Santa Monica, and participating Fleet Feet, Forward Motion, Sierra Running Co, TranSports, Athletic Soles and Lombardi Sports locations in San Francisco, Sacramento, Berkeley, Davis, Pleasanton, Santa Rosa, Roseville, Fair Oaks, Menlo Park, Pleasant Hill and Chico.

NWM runners will be able to sample and purchase Nuun during the three days leading up to the race at the NWM Race Expotique located in Union Square, where participants will experience a premium opportunity to interact with partner brands. On race day runners will find Nuun at the start line near Niketown Union Square, at each hydration aid station along the course and at the scenic coastal finish line along The Great Highway.
“We are honored to be the sponsor of the Nike Women’s Marathon. As pioneers of portable, electrolyte hydration without sugar, Nuun is dedicated to improving health through hydration. We are proud to support these runners throughout their training and racing,” said Mason Reay, President and CEO of Nuun.
The Nike Women’s Marathon is the largest women’s running race in the country. Founded in 2004, it has an established reputation among female runners. Over its 8-year history, the event has helped The Leukemia & Lymphoma Society’s Team In Training Program raise over $118 million dollars to fight blood cancer. Nuun supports The Leukemia & Lymphoma Society through sales of co-branded Team In Training products and programs.

(SportsOneSource Media) 

New product : Forward Sailing innovates in screw batten tensioners.

Forward Sailing has developed the first screw battens tensioner with a voltage scale, to determine a glance at what pressure level the slats are set.

Until then, browsers experts used the system to measure empirically becket and regain power, it is now much more accurate with the new tensioner Forward Sailing.

Very simple to use, it puts the end of the strip, stainless steel hex screw actuates the internal mechanism.

It is compatible with many tubular battens or rectangular section. It is also possible to use aftermarket on great sails with battens are fitted with blackjacks.

(Fren Source :actunautique.com )

Statistics USA : The Conference Board Consumer Confidence Index® Declines in August. Now at Lowest Level since November 2011.

28 Aug. 2012

The Conference Board Consumer Confidence Index®, which had improved in July, declined in August. The Index now stands at 60.6 (1985=100), down from 65.4 in July. The Expectations Index decreased to 70.5 from 78.4. The Present Situation Index, however, was virtually unchanged, at 45.8 versus 45.9 a month ago.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was August 16.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: "The Consumer Confidence Index is now at its lowest level since late last year (Nov. 2011, 55.2). A more pessimistic outlook was the primary reason for this month's decline in confidence. Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations. Consumers' assessment of current conditions was virtually unchanged, suggesting no significant pickup or deterioration in the pace of growth."

Consumers' assessment of current conditions was little changed in August. Those claiming business conditions are "good" improved to 15.2 percent from 13.7 percent, while those saying business conditions are "bad" was unchanged at 34.4 percent. Consumers' appraisal of the labor market varied. Those stating jobs are "plentiful" declined to 7.0 percent from 7.8 percent, while those claiming jobs are "hard to get" edged down to 40.7 percent from 41.0 percent.

Consumers' optimism about the short-term outlook deteriorated in August. The percentage of consumers expecting business conditions to improve over the next six months declined to 16.5 percent from 19.0 percent, while those anticipating business conditions will worsen increased to 17.7 percent from 15.1 percent. Consumers' outlook for the labor market was also less favorable. Those expecting more jobs in the months ahead decreased to 15.4 percent from 17.6 percent, while those anticipating fewer jobs rose to 23.4 percent from 20.6 percent. The proportion of consumers expecting an increase in their incomes, however, improved to 15.7 percent from 14.2 percent.

The next release is scheduled for Tuesday, September 25, 2012
For further information contact:
Jonathan Liu at +1 212 339 0257 Jonathan.liu@conference-board.org

(Source conference-board.org)

Business people :Peter Weaver Named CEO Of Tecnica Group International

Tecnica Group plans for the future.
Giavera Del Montello, ITALY (August 29, 2012)  -- Tecnica Group SpA announced that Peter Weaver, currently CEO of  the Tecnica Group’s USA organization, will assume the role of Global CEO for the Tecnica Group effective  September 1, 2012.  In addition to his new global leadership responsibilities, he will maintain his position as CEO of the Tecnica Group USA.

Weaver’s appointment is part of a planned generational leadership transition following the announcement by the Group’s current President, CEO, and Founder, Giancarlo Zanatta, that he would be retiring after nearly 50 years of operational leadership.  Zanatta  will remain President of the Board and will focus on the Group’s long-term and strategic opportunities.

Zanatta’s son, and current General Manager of the Tecnica Group SpA, Alberto Zanatta, will retain his position as General Manager of the Group, as well as assume the new role of Vice President of the Board. He will work closely with, and report to, Weaver in this new management structure.
Weaver has extensive international experience in sporting goods and has previously held many senior leadership roles including CEO of Marker International and President of Easton Technical Products.  He is a graduate of both Amherst College and the University of Pennsylvania with degrees in Mechanical Engineering and Business.

 “I have a long working relationship with Giancarlo Zanatta, and I am pleased to contribute to building the future of the company and supporting the generational transition” says Weaver. “The value of its brands, the quality of its products, and the excellence of the professional skills in the company are a formidable platform for maintaining and developing the leadership of Tecnica Group.”

Weaver adds,  “With my focus shifted much more to global issues, I am grateful to have a strong brand leadership team already in place in our New Hampshire HQ to drive our continued success in the US market and have every confidence that they will.  Further, I believe that my presence in the Global HQ, and the international partnership that it represents, will allow our Group to even better address the needs of the US consumer and market.”

“I have known for a long time the professional skills and international experience of Peter Weaver, and I fully trust that the new management structure can represent for our company a positive change.  Bringing in an American to lead an Italian family company is a clear sign of our Group’s international commitment and creates a powerful global partnership combining the best aspects of America and Europe.  From my side, I will focus my experience on the strategic future of Tecnica Group but am confident that our Group market leadership will continue to grow with the new team and the next generation in place” says Giancarlo Zanatta.
Tecnica Group SpA is a global leader in the Wintersports, Outdoor, and Sporting Goods markets delivering best in class products to athletes and enthusiasts worldwide through its Tecnica, Nordica, Blizzard, Lowa, Dolomite, Moon Boot, Rollerblade and Bladerunner brands.

(Source SIA)

Business news :Globe International Ltd. Turns in Flat FY 2012

Globe International Limited, an Australian maker of apparel, footwear and skateboards, reported net sales for the year slipped 6 percent to $AUD82.3 million ($85mm), mainly due to the strengthening of the Australian dollar. In constant currency terms, net sales for the group were approximately flat on the previous year, despite the continued challenges in global economies and retail sectors.

Both the Australian and the European divisions achieved growth in the year, while sales in North America were below the prior year, in single digit percentage terms, after a period of solid growth in the 2011 financial year.

The Group generated $1.7AUD million of earnings before interest, tax, depreciation and amortization (EBITDA) which, as previously reported, includes net $AUD1.0 million in other income relating to proceeds from the settlement of a legal case, compared to an EBITDA profit of $2.9 million in the previous financial year. Reduced gross margins, which are largely responsible for this decline in profitability, resulted from a combination of sales mix, competitive market pressures and an increase in cost of goods.
The last quarter of the year was also impacted by delayed footwear shipments which had been expected to arrive before the end of the financial year. Net profit after tax of $AUD100,000, compared to $AUD1.1 million generated in the previous financial year.
“We are making good progress on the majority of our longer term identified growth initiatives, even though this financial year delivered only modest profits,” said Globe International Limited CEO Matt Hill. “Through ongoing investments in product, distribution and brand diversification we have been able to generate growth in certain categories to off-set the stagnation in other areas of the business. In particular, Globe lifestyle skateboards and Globe apparel have performed well, as has Enjoi apparel and the recently launched 4Front clothing division in Australia.”
On June 30 2012, the Group had available cash reserves of $10.2 million (June 2011: $12.3 million), and available financing facilities of $3.0 million (June 2011: $2.7 million). With positive cash generated from operations in the financial year, the utilization of cash during the year was principally a result of the $2.1m dividend paid on 30 September 2011
“Given difficult market conditions around the world, and specific challenges our industry faces, we are pleased that our company remains stable and debt free and that we are able to continue to invest in our brands and growth programs despite modest expectations for financial performance in the next twelve months”, said Hill.

(SportsOneSource Media)

New product : Ewing Athletics To Relaunch

Ewing Athletics, the basketball shoe company founded by former New York Knick's star Patrick Ewing, is relaunching.

According to ESPN, The brand will hit retail stores in New York on Friday and subsequently roll out in 33 stores nationwide before hitting Europe for the holiday season. The first shoes. "33 Hi Retro," will feature Ewing's name and signature on the tongue, heel and side and a "33" keychain  attached to the shoe. Its box includes an image of Ewing in the blue and white of Georgetown, where he led the Hoyas to a national title in 1984.

The shoes will retail for $100.

(SportsOneSource Media)


New products :2013 Kymco Scooter Lineup Announced

Kymco USA announced four new models for 2013, bumping its scooter lineup to 16 models. Joining Kymco‘s offerings are the Compagno in 50cc and 110cc iterations, the Movie 150 and the Xciting 500Ri ABS.
The Compagno 50i and 110i (pictured above) feature a traditional Italian-style scooter design. The 50i version is powered by an air-cooled 49.5cc three-valve fuel injected engine while the 110i comes with a 112cc four-valve fuel injected engine. Both versions feature underseat storage, LCD digital fuel gauge and clock, folding passenger pegs, magnetic key lock and 1.45 gallon fuel tanks. According to Kymco, the Compagno scooters weigh 189 pounds which, combined with the 29-inch seat height, should make it accessible for beginners and smaller riders.
The 2013 Kymco Compagno 50i is priced at $2,599 and will be offered in Black or White, both with silver accents. The larger Compagno 110i is available for $2,999 and will offered in Light Blue or Metallic Mocha.

The Kymco Movie 150 features a sportier and more modern design with a carbureted 149cc four-valve four-stroke engine claiming 13.5 hp. The Movie 150 is equipped with a 110/70-12 front tire 130/70-12 rear tires with disc brakes on both wheels. The instrument panel displays speedometer, odometer, clock and fuel gauge. Other features include underseat storage, a 30.7-inch seat height and a 2-gallon fuel tank.
The 2013 Kymco Movie 150 will be offered in Tangerine or Black, both with red accents on the brake calipers and suspension. Kymco is pricing the Movie 150 at $3,199.

The new Xciting 500Ri ABS is the largest scooter in Kymco’s 2013 lineup. The scooter is powered by a liquid-cooled 499cc DOHC engine with fuel injection and claiming 38 hp. Features include a 12v accessory outlet, speedometer, odometer, clock and multi-function trip meter as well as fuel and temperature sensors. According to Kymco, the large underseat storage area can fit a backpack or a helmet and jacket, while a lockable glove box provides more storage for smaller items.
According to Kymco, the Xciting 500Ri ABS carries its 440-pound weight on a 120/700-15 front and 150/70-14 rear tire with a 61.8-inch wheelbase. Suspension is provided by a telescopic front fork and adjustable twin rear shocks. Like the Movie 150, the Xciting offers a 30.7-inch seat height. The 3.38 gallon fuel tank is mounted low in the frame for a lower center of gravity.
As its name suggests, the Xciting is equipped with an ABS brake system with two-piston dual brakes up front and two-piston caliper single disc brake at the rear. The Xciting 500Ri ABS is also equipped with a parking brake.
Kymco is offering the Xciting 500Ri ABS for $6,899 in either Gray or Gold, both with red accents to the brake calipers and springs.
The rest of Kymco’s 2013 lineup includes the Downtown 200i ($5,199), the Downtown 300i ($5,599), the People GT 200i ($4,899), the People GT 300i ($5,399), the Like 200i ($2,699), the Like 200i LX ($2,799), the Agility 125 ($1,899), the Super 8 150 ($2,499), the Agility 50 ($1,499), the two-stroke Super 8 50 2T ($2,199), the Like 50 ($2,199) and the Like 50 LX ($2,299).

[Source: Kymco through motorcycle.com , By: ]

Legal and business news :Ab Circle Pro Promoters Agree to $25M Fine to Settle FTC Case

As part of its ongoing efforts to stop over-hyped health claims, the Federal Trade Commission has filed deceptive advertising charges against the marketers of the Ab Circle Pro –an abdominal exercise device – who promised consumers that exercising on the device for just three minutes a day would cause them to lose 10 pounds in two weeks. 
The defendants have agreed to settlements that provide as much as $25 million  – and at least $15 million – depending on the volume of refunds consumers requests.
According to the FTC, in advertisements, the defendants promised that a three-minute workout on the Ab Circle Pro – a fiberglass disk with stationary handlebars and two knee rests that roll on the edge of the disk, allowing consumers to kneel and rotate side-to-side – was equivalent to doing 100 sit ups.  In the infomercial, pitchwoman Jennifer Nicole Lee compared the Ab Circle Pro to a gym workout, saying, "You can either do 30 minutes of abs and cardio or just three minutes a day.  The choice is yours." 
Informercial aired at least 10,000 times
The infomercial claimed that consumers using the Ab Circle Pro for three minutes a day would "melt inches and pounds," and featured testimonialists claiming they had lost as much as sixty pounds.  Consumers buying through the infomercial typically paid $200 to $250 for the device, while the price for those buying from retailers varied more widely.
Said David Vladeck, Director of the FTC's Bureau of Consumer Protection, "The FTC reminds marketers that they should think twice before promising a silver-bullet solution to a health problem – whether it involves losing weight or curing cancer.  Weight loss is hard work, and telling consumers otherwise is deceptive."
In addition to multiple versions of the infomercial – which aired more than 10,000 times between March 2009 and May 2010 – the defendants marketed the Ab Circle Pro online, in stores, in one- and two-minute television commercials, and in print advertisements. 

Multiple defendants
The complaint names as defendants Fitness Brands, Inc., Fitness Brands International, Inc., and the two individuals who control them, Michael Casey and David Brodess; Direct Holdings Americas, Inc. and Direct Entertainment Media Group, Inc.; infomercial producer Tara Borakos and two companies she controls, Tara Productions Inc. and New U, Inc.; and Jennifer Nicole Lee and two companies she controls, JNL, Inc. and JNL Worldwide, Inc. 
The complaint charges all the defendants except Lee and her companies with making false and/or unsupported claims, including that using the Ab Circle Pro caused rapid or substantial weight and fat loss; resulted in loss of weight, fat, or inches in specific parts of the body, such as the abdomen, hips, buttocks, and thighs; provided fat loss and weight loss equivalent to, or better than, a much longer gym workout; and provided the same rapid and substantial weight loss that people who provided testimonials for the infomercial said they experienced.  The complaint also charges the Fitness Brands, Inc. defendants with providing the means to Direct Holdings Americas, Inc. and Direct Entertainment Media Group, Inc. to deceive consumers.
The complaint charges all the defendants with misrepresenting that using the Ab Circle Pro allowed Jennifer Nicole Lee to lose 80 pounds.

Readers Digest subsdiiary named as defendant
The complaint names Reader's Digest Association, Inc. as a relief defendant, alleging that the company received proceeds of the deceptive advertising from its subsidiaries, Direct Holdings Americas and Direct Entertainment Media Group.
Under the settlements, Lee and the two companies she controls cannot misrepresent that the Ab Circle Pro, any substantially similar device, or any exercise equipment, food, drug, or device contributed to her weight loss.  She also cannot endorse any exercise equipment, food, drug, or device unless the endorsement reflects her honest opinion or experience. 
The settlements bar all defendants other than Lee and the two companies she controls from claiming that the Ab Circle Pro or any similar device is likely to cause rapid and substantial loss of weight, inches, or fat; is likely to do so in specific areas of the body such as the abdominal area, hips, thighs, and buttocks; or makes a significant contribution to an exercise plan that provides rapid and substantial loss of weight, inches, or fat.  The defendants also are prohibited from claiming that the Ab Circle Pro or any similar device, if used for three minutes a day, causes users to lose 10 pounds in two weeks; provides the same exercise benefits as doing 100 sit-ups; or provides weight- or fat-loss benefits that are equivalent or superior to longer workouts on other exercise devices or gym equipment.
The settlements also prohibit all except the Lee defendants from making fat-, inch-, or weight-loss claims for any exercise equipment, food, drug, or device unless such claims are supported by competent and reliable scientific evidence.  The defendants further cannot claim that consumers using such products can generally expect to achieve the results claimed by endorsers of the products, unless such claims are supported by competent and reliable evidence.
The settlements bar the Fitness Brands, Inc. defendants from providing others with the means to make any of the representations prohibited above.
Under the settlements, the Fitness Brands, Inc. defendants will pay $1.2 million.  Direct Holdings Americas, Inc.; Direct Entertainment Media Group, Inc.; and relief defendant Reader's Digest will pay $13.8 million – and up to $10 million more, depending on the volume of refund requests.
Consumers should carefully evaluate advertising claims for weight-loss products.  For more information, see:  Weight Loss & Fitness .  
The Commission vote authorizing the staff to file the complaint and approving the proposed consent decree was 5-0.  The complaint was filed in the U.S. District Court for the Southern District of Florida on August 22, 2012.  

Business and products news :Yamaha’s Joint Development of Electrically Power Assisted Bicycles with Giant Bicycles

Yamaha Motor Co., Ltd. (YMC) announces its basic agreement with Giant Electric Vehicle (Kunshan) Co., Ltd. (GEV), a group company for developing and manufacturing electric bicycles and electrically power assisted bicycles for Giant Manufacturing Co., Ltd., one of the world's largest bicycle makers. The agreement is for OEM supply of Yamaha electrically power assisted bicycle drive units and for joint development of electrically power assisted bicycles. Start of full-fledged OEM supply of drive units to Europe is scheduled to begin in September of this year.

The intent of the agreement is to establish a long-term cooperative relationship between the two companies based on the corresponding marketing strategies of YMC, with its specialization in centrally mounted drive units and intent to expand its market in Europe, and Giant, with its desire to expand its business in the German market where this type of drive unit is predominant.
The contract for joint development between YMC and GEV was signed in October 2011, and primarily involves GEV developing frames, batteries, switch meters, covers, etc. for electrically power assisted bicycles while YMC is in charge of drive unit development.

Since last year's signing of the joint development contract, product development work has been proceeding and Giant plans to present a Giant brand electrically power assisted bicycle mounting a Yamaha drive unit at EUROBIKE, one of the world's largest scale bicycle trade fairs scheduled to open on August 29 in Germany.

In recent years, electrically power assisted bicycles have become collectively known as "e-bikes" in Europe and demand for these bicycles reached approximately 700,000 units in 2011 (YMC estimate), making Europe one of the largest markets in the world. Germany and the Netherlands are the two main markets for e-bikes, accounting for over half of total European demand.

As part of the company's growth strategy, YMC is currently pursuing the expansion of domestic sales of CBU electrically power assisted bicycles in Japan and supplying drive units on an OEM basis. Additional efforts include strengthening and expanding tie-ups with bicycle makers and engaging in OEM supply of drive units to Europe. YMC aims to achieve a scale of 100,000 units in total OEM supply to Europe in 2015. 

(Source  Yamaha )

Business news :RCG Reports Record Profit for FY 2012

RCG Corporation Limited announced a record profit for the year ended July 1, despite some of the most challenging retail conditions in many years. The company reported that earnings per diluted share increased to $3.78 per share, up 3.6 percent over the prior fiscal year, along with revenue and profit growth in both its The Athlete's Foot and wholesale businesses.
RCG lifted consolidated EBITDA 6.8 percent from $12.4 million to $13.2 million, while net profit after tax rose 2.8 percent from $8.9 million to $9.2 million.  

The Athlete's Foot (TAF) sales grow despite negative comps
According to data published by the Australian Bureau of Statistics, footwear and accessory retailing contracted by almost 2 percent during the 2012 financial year. Anecdotal industry feedback suggests that the contraction was even more pronounced in the premium athletic space. In this context, The Athlete's Foot has once again delivered an outstanding result. The chain recorded total sales growth of 1.4 percent from $199.4 million to $202.4 million, with comparable store sales down 1.1 percent and EBITDA growth of 3.8 percent to $12.0 million.
Sales strengthened in the second half of the financial year, with comparable growth of 1.2 percent, with the trend continuing in the new financial year. Sales for the first seven weeks of FY2013 have increased by a remarkable 8.9 percent on comparable basis.
"Given the exceptionally challenging environment faced by The Athlete's Foot during the year, we are very pleased with the results our businesses delivered,"h said Hilton Brett , CEO of RCG Corporation. "The resilience of the group is a great testament to the focus, dedication and skill of TAF's franchisees, management and staff."
Together with its continued focus on sales, service and network profitability, TAF undertook and executed several major strategic and operational initiatives during the year. Foremost amongst these was the development of a comprehensive multi-channel strategy which culminated in the delivery of the TAF e-commerce site at the beginning of June, 2012.
"TAF has worked exceptionally hard with all its stakeholders, particularly its franchisees and customers, to deliver a seamless, compelling and engaging multichannel experience that not only provides customers with a unique online shopping option but also leverages the store network to drive greater traffic to the business as a whole," continued Brett.  "We are very pleased with the way the online business has begun and significant ongoing investment will ensure that we are always able to meet our customers' expectations. We have no doubt that our commitment to multichannel will drive future growth through both the online and bricks and mortar channels."

Shoe Superstore (SSS)
Despite growing total sales by 53.2 percent to $8.9 million and comparable sales by 4.9 percent, RCG's other retail business, Shoe Superstore, had a more challenging year, posting an EBITDA loss of $200,000. Strip shopping precincts, where most SSS stores are located, have been hardest hit by the downturn in specialty retail. This has exacerbated the already difficult environment faced by footwear retailers.
"Despite its challenges, SSS is an important contributor to the delivery of RCG's overall strategy," said Brett. "It continues to innovate and lead the way in RCG's online capability and is an important channel for our wholesale business. A full operational review of SSS is currently under way and steps are being taken to realign the business to appeal to a younger consumer with a greater proportion of vertical product.h
Management expects to be able to measure the impact of some of these initiatives by the end of the Christmas selling season.

RCG Brands Rides Merrell to 52.1 percent sales growth 
RCG Brands (RCGB), RCG's wholesale and distribution division, experienced another excellent year. Sales grew 52.1 percent to $24.8 million and EBITDA improved 32 percent to $4.1 million. These results were delivered due to the growth of the Merrell business and the full scale commencement of the CAT business.
"This is an extraordinary result for a business which is less than three years old," said Brett, "and these results are a testament to the efforts of the team and the quality of the brands that they distribute, with further growth expected in the current financial year."
Merrell continues to be the mainstay brand in the RCGB stable. With a focused product offering across multiple categories and a continued investment in inventory and customer relationships, Merrell has grown substantially as a brand in the Australian market place since being acquired by RCG and has defied the trend in the branded footwear space.
The CAT business was the other major contributor to RCGB's growth during the financial year. Although the CAT footwear license was acquired in April 2011, the business did not commence in a meaningful way until the second quarter of the 2012 financial year and began to ramp up significantly when RCGB acquired the CAT apparel license in January 2012, making it the first Australian distributor to hold both licenses.
"CAT footwear and apparel, which is sold in more than 150 countries worldwide, is the most recognisable industrial brand in the world. The brand is growing strongly across both the industrial and casual categories and we expect it to deliver substantial growth in FY13 and beyond," stated Brett.

RCG has announced that it will pay a fully franked ordinary final dividend of 1.75 cents per share on Wednesday 28 September 2012 to shareholders registered on the 12 September 2012 record date. RCG's dividend reinvestment plan will not apply to this dividend.
The ordinary final dividend takes the total of ordinary dividends in respect of the 2012 financial year to 3 cents per share, the same as those in respect of the previous year.

Business people : Venture Snowboards Hires Sales Manager

Venture Snowboards announced the addition of Jerome Boulay to the company's management team in the role of Sales Manager.    As Sales Manager, Boulay will be charged with overseeing all aspects of Venture's sales program, both domestically and abroad. He will also play a key role in helping shape the company's marketing and design efforts.

"We are thrilled to have Jerome on board. With his passion for the backcountry and firsthand knowledge of splitboarding he's a perfect ambassador for our company," said Lisa Branner, co-owner at Venture. "Up until now we haven't had a staff member dedicated entirely to the sales process, so this is a big step. Given Jerome's track record in the industry, I have no doubt he will take things to the next level and provide an amazing customer service experience for our retailers."

Originally from Paris, France, Boulay moved to Aspen, CO in 1992 and since 2007 has been splitting his time between Crested Butte, CO and Northern Patagonia. Since his arrival in the U.S., he has immersed himself in the snowsports industry, handling snowboard sales, marketing and distribution for Nidecker Snowboards from 1997 - 2005, and in recent years working with Global Sales Guys to grow companies like Deeluxe Boots, Icelantic Skis, and Level Gloves.

An avid powdersurfer, Boulay is excited to join the Venture family.
"Being able to work from Silverton to focus on high performance boards, splitboards and powdersurfing decks is simply awesome!" He also cites the company's grassroots approach as part of the attraction. "I am very impressed by the way the Branners have built Venture over the past 12 years, true to their commitment to snowboarding, environmentally conscious U.S. manufacturing, controlled growth, and innovative designs every season."

Boulay recently spent three seasons as a buyer at Crested Butte's Colorado Boarder, an experience that gives him unique insight into the world of retailers. "I look forward to seeing you all in your stores this fall to continue to build the Venture brand together, as partners."

Founded in 1999 by the husband and wife team of Klemens and Lisa Branner, Venture handcrafts premium quality freeride boards and splitboards from scratch in Silverton, CO using sustainably harvested woods and wind power.  

(SportsOneSource Media)

Trade Shows :Alliance in the French boat shows

The current crisis and particularly affects the nautical sector grows alliances and mergers, particularly in the field of trade shows.

We have just learned that the show would incorporate Maritima this year one of the hall Nautic 2012, as the latter sector.

A decision probably motivated by the cost of renting a hall and difficulty recruiting exhibitors, in the context morose ours now.

Appointment bi-annual professional and sea coast, Maritima was established in 2000. He was previously co-hosted the Nautic in a hall of his own.

Starting this year, it will be included in 2.1 Nautic pavilion near the equipment sector. This merger will strengthen the many synergies between recreational boating and maritime professional. It will also Maritima to benefit from the power and impact of an early boat shows in the world, while offering visitors a variety of Nautic even larger exhibitors.

Maritima brings together players in the construction, repair and ship conversion and waterways, maritime equipment and technology, fisheries and mariculture, port activities and weapons, offshore, the oceanography, environment, government services and all services to professional coast.

( French source : actunautique.com )

Business news : Chinese Court's Sentencing of Counterfeiter Marks Victory for US Golf Brands

The U.S. Golf Manufacturer's Anti-Counterfeiting Working Group said the conviction and sentencing of a Chinese counterfeiter, this spring marks a milestone in its battle to enforce counterfeit laws internationally.
On April 25, a Chinese court convicted Mr. Zeng Hong, owner of Simple Golf, of distributing counterfeit products illegally bearing the registered trademarks of members of the Golf Group. The defendant was sentenced to a 4-year prison term and a substantial fine for operating a retail store, four associated facilities and an online website selling counterfeit golf products. This jail sentence is believed to be the stiffest penalty a Chinese court has delivered against a counterfeiter of golf products.

"We commend the Chinese court system for returning a stiff but just sentence," said Rawleigh Grove, vice president and general counsel for PING. "We hope this case will serve as a significant deterrent for other counterfeiters in the area as it shows counterfeiting is a serious offense."

"We are very pleased that the mastermind of this counterfeit ring has been brought to justice," said Don Reino, vice president of legal operations for Cleveland Golf. "Counterfeiting is a serious crime and consumers need to be aware of the problem. We will continue to seek to educate consumers and government officials about the issue."

Zeng Hong was arrested on Sept. 7 of last year when Chinese officials simultaneously raided five facilities, including the factory and warehouse for the Simple Golf store, a polishing studio and a facility for processing golf bags. In all, approximately 70,000 counterfeit golf products were seized.
The thorough investigation revealed the operation to be highly active in manufacturing, processing and distributing counterfeit golf products through the Simple Golf store and online on a popular Chinese exchange site. The 4-year sentence is a strong warning signal to those who continue to manufacture and sell counterfeit golf products. This is the second conviction in a two month span stemming from investigations initiated by the group this year.

More information about counterfeit golf clubs and products can be found at www.keepgolfreal.com.
The Golf Anti-Counterfeiting Group consists of five of the most well-known golf companies in the world -- Callaway-Odyssey; TaylorMade-adidas Golf and Ashworth; PING; Cleveland Golf, Srixon and Never Compromise; and Acushnet Company whose brands are Titleist, FootJoy and Scotty Cameron. Since 2004, the Golf Anti-Counterfeiting Group has worked with international law enforcement and government agencies to conduct raids and investigations of counterfeit operations, as well as raise public awareness of the issue. In 2011 alone, the group seized more than 80,000 counterfeit golf products.

Related previous post :
Chinese Government Raids Golf Counterfeiting Operation

Business people : K2 Sports Welcomes Back Tim Petrick

Leading global manufacturer of outdoor sports gear marks 50th anniversary with capital infusion and return of industry veteran.
Seattle, WA (August 28, 2012) -- Celebrating their 50th anniversary as a leading global manufacturer of outdoor sports gear, K2 Sports isn’t backing into the monumental occasion passively. The Seattle, Wash.-based company is driving into its next era with full steam.

K2 Sports is currently in the middle of a multi-year investment plan comprising a substantial capital infusion supporting key category product launches and global sales support efforts. A landmark leadership announcement reinforces this initiative, with the appointment of industry veteran Tim Petrick as President of K2 Sports Global Sales and Marketing, effective immediately. Petrick will report to Anthony De Rocco, President and CEO of K2 Sports, in the newly-created role.

“We are very proud to welcome Tim back to the family of K2 Sports,” said De Rocco. “Tim has worked side-by-side with our global teams and our retail partners for almost 20 years. He knows our DNA intimately and the market climate very well and our retail partners know and trust him. Tim will be a strong leader to further the momentum to our next era of growth and success during K2 Sports’ most pivotal time of opportunity on the domestic and global level.”

The strategic move brings Petrick full circle with K2 Sports, a company with which he’s invested nearly two decades of his career. Petrick first worked with K2 Sports as VP and General Manager of the ski division from 1989-1997 before going to Booth Creek Ski Holdings as Executive VP of Product Development. He returned to K2 Sports in 2000 as VP of Global Sales and remained there until 2009. During his three-year hiatus from K2 Sports before now returning, Petrick has remained a strong voice and leading figure in the snowsports and outdoor recreation industries.

“Returning to K2 Sports is an incredible opportunity,” said Petrick. “The company has market leading iconic brands across many outdoor active lifestyle categories. These leading brands give K2 Sports the unparalleled opportunity to build on the company’s reputation for product innovation, retail sales results, and ultimately, satisfied consumers in the years ahead."

The scope of K2 Sports’ investment venture will see resources allocated toward global sales expansion, manufacturing and technology platform enhancements, new category launches including ski boots, and accelerated brand growth. Petrick will help orchestrate product line decisions, trade policies, distribution solutions, and marketing communications across the K2 Sports portfolio of brands.

"We have exciting growth opportunities with product line launches in winter sports, our Zoot brand of triathlon gear, and our new Spring '13 collection - which is leading to great counter seasonal growth," said Petrick. "Couple these with our targeted growth initiatives developed with our parent-company Jarden, and these are truly exciting times at K2 Sports."
For more about K2 Sports, please visit: http://www.k2sports.com.

(Source SIA)

Business news :Callaway Golf Company Announces Refinancing

Callaway Golf Company announced that the company entered into separate, privately-negotiated exchange agreements under which it will issue $63.2 million in aggregate principal amount of new 3.75 percent Convertible Senior Notes due 2019, and 5.9 million shares of the company's common stock, par value 1 cent per share, in exchange for 982,361 shares of the company's outstanding 7.50 percent Series B Cumulative Perpetual Convertible Preferred Stock, par value 1 cent per share, which has a conversion price of $7.05 per share and a liquidation preference of $100 per share. 

Following the exchange transactions, 417,639 shares of the Preferred Stock will remain outstanding.  In addition, the company entered into private placement purchase agreements under which it will receive gross cash proceeds of $46.8 million in exchange for an additional $49,273,000 principal amount of the same 3.75 percent Convertible Senior Notes. The transactions are expected to close on August 29, 2012.

These new Convertible Senior Notes mature in 2019 and will pay interest of 3.75 percent per year on the principal amount, payable semiannually in arrears in cash on February 15 and August 15 of each year, beginning February 15, 2013.  The Notes are convertible, at the option of the holders, at any time on or prior to the close of business on the business day immediately preceding August 15, 2019, into shares of Common Stock at a conversion rate of approximately 133.3333 shares per $1,000 in principal amount, which is equal to a conversion price of approximately $7.50 per share, subject to customary anti-dilution adjustments.  The Company has the right to terminate the conversion right anytime the volume weighted average price of the Company's shares of common stock trade above $9.75 for a specified period. The Company also has the right to redeem the Notes beginning August 15, 2015 for an amount equal to the principal balance of the notes, plus accrued and unpaid interest.

"The refinancing transactions we announced today provide significant benefits for the company and its shareholders," commented Chip Brewer, President and CEO of Callaway Golf.  "These transactions substantially lower the company's cost of capital and are immediately accretive to earnings per share.  At current earnings levels, these transactions are accretive by over $0.12 per share on an annualized basis.  In addition, we have raised approximately $43 million in cash, net of transaction costs, and retained our right to redeem at any time the remaining 417,639 outstanding shares of preferred stock at their liquidation preference.  I am pleased we were able to enter into these transactions, which are consistent with our turnaround plan and are in addition to the cost-reduction initiatives we announced in July."

(SportsOneSource Media)