Collegiate Pacific has launched a new business unit from within its newly acquired west coast subsidiary – Tomark Sports. The new unit will focus exclusively on new school and park construction projects in the state of California. California represents more than 10% of Collegiate Pacific's sales and prospect base – making it the Company's single largest target market. Resources have been positioned to target this opportunity on an immediate basis.
Adam Blumenfeld, President of Collegiate Pacific stated: “With the passage of Propositions 55 and 57 in California, we believe a significant backlog of funding for new school and park projects may be released. In particular, Proposition 55 allows for a $12.3 Billion California School Bond Package with monies ear-marked for repair and new construction of schools. Many of these projects have been on hold for months if not years. The average size project being targeted is $200,000 – $400,000 in Tomark – related goods and services. We are in an ideal position to service this anticipated demand and help speed the improvement of schools statewide. Tomark is, we believe, the only 'all -in – one' sporting goods manufacturer; sales force and installer of product in the state of California selling directly to schools and other institutions.”
“We possess through Tomark the in-house capability to write specifications; manage the customer relationship, and actually install the goods. Products include message centers; scoreboards, backstops, bleachers, wall padding and a host of other items. This is completed through our road sales team; installation team and company-owned installation equipment. Having these resources under one roof, and over 20 years experience in the installation field gives Tomark, we believe, a significant advantage. Ultimately we save the schools; districts and park departments money and considerable time. Sports programs can provide a meaningful revenue stream for school funding. Improving these facilities on a timely basis allows for the potential of more patrons; more ticket receipts, and ultimately more funds to address other needs throughout the institution.”
The Company is reviewing methods of extending this business model beyond the State of California.
