RENO, Nev., March 15, 2005 (PRIMEZONE) -- Meg Athletic Corporation (Pink Sheets:MEGJ) is finalizing purchase orders that will lead into a strong fall and winter season. MEG Athletic Corp. has been working diligently to conclude preliminary negotiations, which have been ongoing for some time now.
"We have been working very hard on meeting some of our timelines with some of the wonderful companies that we are involved with. Spring and Summer '05 was a challenge for us to meet, but it was a challenge that we accepted gracefully." States Harvey Panesar, President of MEG Athletic Corporation, "With Fall and Winter, we have more time to meet some of our timelines with plenty of lead time for delivery, an issue that was pressing for our Spring and Summer launch."
MEG has been pursuing the U.S. and Mexican markets, and have finalized various verbal purchase orders. "We are pushing hard to complete our Fall and Winter sales and we have been successful in receiving praise in our designs and styles and the overall direction of the company from our buyers and retailers."
"We look forward to putting out the terms and overall sales figures shortly. We are also in the process of updating our website with current information, the direction and brand new styles for our customers, clients and shareholders alike," concludes Mr. Panesar.
Forward Looking Statements
The management of the company, who take full responsibility for its content, prepared this press release. Statements in this news release concerning the company's business outlook or future economic performance, anticipated profitability, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties and factors include, but are not limited to, future capital needs, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, and general economic conditions.