Escalade® Sports Acquires
The Step® Product Line
Evansville, IN (January 25,
2002) - Escalade®, Inc. (NASDAQ:
ESCA), through its wholly owned subsidiary, Escalade® Sports, has acquired
all assets relating to The Step® product line from Bollinger Industries. The
purchase price was not disclosed.
The Step® is America's original aerobic step fitness system and is widely used
by individuals and at over 18,000 health clubs. Its patented adjustable and
stackable platforms make it suitable for beginners and professionals alike. The
step aerobic activity is recommended by physical therapists and promoted through
numerous videos featuring widely recognized names.
"This acquisition broadens our offering to our retailers, compliments our recent
U.S. Weight™ acquisition, and we expect an immediate contribution to our bottom
line", stated Bill Reed, President, CEO, Escalade®, Inc.
Historically, The Step® product line has provided stable gross revenues slightly
above $5 million annually.
For more information on Escalade® Sports, visit website
www.escaladesports.com
Escalade® is a diversified manufacturer and distributor of sporting goods such
as table tennis tables, pool tables, basketball equipment, game tables, archery
equipment, darting equipment, fitness products and office products such as paper
folding, punching and cutting products.
For more information on Escalade®, Inc., contact John R Wilson, Vice President
and CFO at 812/467-1265 or C.W. (Bill) Reed, President and CEO
at 260/563-0621
