Escalade, Inc. has increased its ownership interest in Sweden Table Tennis AB from 37.5% to 50%. Sweden Table Tennis AB owns the STIGA table tennis brand name and is the recognized leader in table tennis design and engineering. STIGA is widely recognized as the “professional standard” in table tennis tables and accessories.
For the year ended December 31, 2002, The Company continues to be profitable, and is very optimistic about future growth prospects.
Escalade Sports, a wholly owned subsidiary of Escalade, Inc. and the largest producer of table tennis tables in the world, utilizes the STIGA brand name on its high-end professional grade tables.
,p>
“In addition to identifying us as a world class supplier of professional table tennis tables and equipment” stated Dan Messmer, President of Escalade Sports, “our relationship with Sweden Table Tennis AB gives us access to the latest developments in product designs and materials. Increasing our ownership interest enhances a close and profitable relationship.”
