Collegiate Pacific Inc. will change its corporate name to Sport Supply Group, Inc. effective July 1, 2007, and will also change its stock ticker symbol from “BOO” to “RBI.” Collegiate Pacific also announced that its Board of Directors approved and declared a quarterly cash dividend of $0.025 per share on the company's common stock for the fourth quarter of fiscal 2007, which ends June 30, 2007. The quarterly cash dividend is payable on July 30, 2007 to all stockholders of record on the close of business on July 9, 2007.
Adam Blumenfeld, Chairman and CEO, stated: “In conjunction with the start of our new fiscal year, we are pleased to announce the change in our name and ticker symbol. We have elected to change our corporate identity to a name that 'says what we do.' Thus, we have chosen Sport Supply Group, Inc. (a name we recently acquired) as the corporate name. While Sport Supply Group will be the identity by which investors and vendors know the Company, customers will also continue to know us for our catalog brands such as Collegiate Pacific, BSN Sports, US Games, and many others. Regarding the symbol change, while it is with mixed emotions that we let go of the “BOO” ticker symbol (as it is the name of the family dog), we are happy to introduce a more sports-minded ticker: “RBI.” Baseball is a dominant component of our sports mix, and we expect the symbol to resonate well with our customers, vendors and shareholders.”
