Collegiate Pacific has launched Road Sales Teams in three new major markets: Cincinnati, the Washington D.C. vicinity, and a formerly untapped portion of North Carolina. The company expects the 10 new road sales professionals to generate approximately $5,000,000 in revenue on an annualized basis.
Adam Blumenfeld, President of Collegiate Pacific said, “Each of these sales teams understood the value of leveraging their historic expertise in team uniforms with Collegiate’s strength in equipment – making them a one-stop-shop provider of sporting goods product in their respective markets. The Company’s ability to attract experienced and respected salesmen from the industry speaks to the strength of the operating model. Combining these teams sales expertise with Collegiate Pacific’s 4,000 products and broad sourcing – distribution network will allow them to fully maximize their sales and earnings potential. We will continue to entertain the addition of sales teams in other densely populated markets as opportunities materialize.”
Mr. Blumenfeld said, “The Company continues to review a number of additional opportunities as it seeks to put the recent $50 Million of infused capital to work for the benefit of its shareholders.”
