LAGUNA NIGUEL, Calif., Feb. 27, 2007 (PRIME NEWSWIRE) -- Execute Sports, Inc. (OTCBB:EXCS) announced today that December 2006 sales were up a whopping 733% over December 2005. The company also stated that it has repeatedly received 100% on-time performance marks from its Internet sales partners.
In addition to the current season's watersports sales increase, Execute was able to sell all its obsolete hard and soft goods as well as obsolete OEM soft goods and moto graphics. Geno Apicella, CEO of Execute Sports commented, "Our sales team did a wonderful job of getting top dollar for our obsolete and close out merchandise. We wanted to make sure that we were moving into our new warehouse with clean inventory and have the ability to utilize the sales dollars to further invest in '07 inventory."
Apicella further commented, "The move to our new warehouse was a blessing because it pushed all of us to sell and clean out goods we no longer wanted to carry. In addition to reinvesting in current '07 merchandise, the sales will enable us to properly invest in R&D and turn unused inventory into new and exciting products for 2008."
In regards to shipping, Execute Sports has received a 99.3% on-time performance grade from its internet sales partners since moving from their San Clemente warehouse to their current fulfillment warehouse five weeks ago.
Celeste Berouty, President of Execute Sports commented, "It's a great feeling to know that the warehouse we chose has excelled so quickly. They have proven to be extremely professional and quite expeditious. In the past five weeks, we have only missed a perfect mark by two orders." Berouty further commented, "We are very excited that our product is reaching the customers in a timely manner and providing further confidence with our internet partners."
Execute Sports has surpassed all expectations during their first year of online sales. They have repeatedly received 100% on-time performance marks and this has enabled them to become a fast riser in watersports sales.
Additional company information, press releases and general commentary can be viewed by visiting http://www.excs.msprofit.com.
About Execute Sports, Inc.
Based in Laguna Niguel, California, Execute Sports, Inc. develops performance products including wetsuits, vests, rash guards and wakeskates, for the action sports industry. The Company's brands include Execute Wetsuits, Kampus Wakeskates and Kampus Shoes, Collective Development Bindings and Collective Development Bags. For more information, go to http://www.executesports.com.
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include expectations regarding the ability of the company to continue its growth and the financial performance thereafter. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the ability to accomplish goals and strategies, anticipated revenue enhancements, general economic conditions and the level of consumer spending, and numerous other factors identified in the Company's Form 10-KSB and other filings with the Securities Exchange Commission.