In September, Execute acquired Sugar Sand Boats which is expected to add nearly $8 million to 2008 year-end revenues and also provide new opportunities for water sport product sales through its extensive boating dealership network.
Mr. Apicella further commented, “Over the past ten months, we have re-focused our product development and sales teams while investing capital into the proper arenas and brining expenses down into more favorable levels."
"As a company going forward, we don't expect to stop at one acquisition. We will continue to explore more opportunities that hold the potential to further grow our business and establish Execute Sports Inc as one of the most recognized brands in our industry.”
Based in Torrance, California, Execute Sports Inc develops performance products including wetsuits, vests, and rash guards for the action sports industry.