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Broder Bros., Co. Announces Conference Call Regarding Senior Management Changes
TREVOSE, Pa., Oct. 26 /PRNewswire/ -- Broder Bros., Co. (the "Company" or
"Broder") today announced, in response to inquiries about senior management
changes and business performance, that Edward Conard, Director, and Thomas
Myers, Interim Chief Executive Officer and Director, will host a conference
call on Thursday, October 27, 2005 at 10:00 AM Eastern Time to provide
additional details regarding the previously disclosed resignations of Vince
Tyra, Chief Executive Officer, and Mark Barrocas, President. The conference
number for this call will be (800) 946-0720.
The October 27, 2005 call will not replace the Company's previously
disclosed earnings call scheduled for Tuesday, November 8, 2005 on which it
will announce its results of operations for the third fiscal quarter ended
September 24, 2005. The time of the November 8, 2005 call and conference
number will be released approximately one week prior to that call.
For those unable to participate in the October 27, 2005 conference call, a
replay will be available beginning October 27 at 1:00 p.m. Eastern Time until
November 3, 2005 at 11:59 p.m. Eastern Time. To access the replay, dial
(888) 203-1112. The replay passcode is 2318466.
About Broder Bros., Co.
Broder Bros., Co. owns and operates three leading brands in the
imprintable sportswear industry: "Broder," "Alpha," and "NES." Through these
three longstanding and well-recognized industry leaders, the Company operates
17 distribution centers, strategically located throughout the United States,
with the capability to ship to over 80% of the U.S. population in one day and
98% of the U.S. population in two days. The imprintable sportswear industry is
characterized by a highly fragmented customer base comprised primarily of
regional and local decorators who, primarily because of their size, do not
generally purchase directly from manufacturers. The Company provides the
resources to handle small orders, while offering broad selection, depth of
inventory and rapid delivery. The Company's customers are decorators who
decorate the blank products it supplies and then in turn sell to a wide
variety of end-use consumers.
The Broder, Alpha, and NES brands offer unparalleled customer service,
product selection, industry-leading catalogs and marketing materials that have
been central to the success of each brand. The Company offers virtually all of
the leading industry product styles including those manufactured by Gildan,
Hanes, Jerzees, Fruit of the Loom, and Anvil, as well as many exclusive brands
including Nike Golf, Champion, Columbia Sportswear, Perry Ellis, Weatherproof
and Adidas Golf. The Company has also developed proprietary brands including
Devon & Jones, Chestnut Hill, Authentic Pigment, Harriton, Luna Pier, HYP,
Desert Wash, Great Republic, Apples & Oranges and Harvard Square.
Broder Bros., Co. was purchased in May 2000 by Bain Capital, one of the
leading private equity investment firms in the world. Subsequent to Bain's
purchase of Broder Bros., Co., the Company expanded its geographic reach and
market share through the acquisitions of St. Louis T's in 2000, Full Line
Distributors and Gulf Coast Sportswear in 2001, T-Shirts & More and Alpha
Shirt Company in 2003, and NES Clothing Company in 2004.
Broder Bros., Co. headquarters are located at Six Neshaminy Interplex,
Trevose, PA 19053. Further information can be found on the Company's web-
sites: http://www.broderbros.com, http://www.alphashirt.com, and
http://www.nesclothing.com.
Forward-Looking Information
This press release contains forward-looking information. These statements
reflect management's expectations, estimates, and assumptions based on
information available at the time of the statement. Forward-looking statements
include, but are not limited to, statements regarding future events, plans,
goals, objectives and expectations. The words "anticipate," "believe,"
"estimate," "expect," "plan," "intend," "likely," "will," "should" and similar
expressions are intended to identify forward-looking statements. Forward-
looking statements are not guarantees of future performance and involve risks,
uncertainties, and other factors, including those set forth below, which may
cause our actual results, performance or achievements to be materially
different from any future results, performance, or achievements expressed or
implied by those statements. Important factors that could cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by those
statements, include, but are not limited to: (a) general economic conditions;
(b) risks related to the integration of acquired businesses; (c) risks related
to our overall acquisition strategy; (d) significant competitive activity,
including promotional and price competition; (e) changes in customer demand
for our products and our ability to protect and/or expand customer
relationships; (f) price volatility of raw materials; (g) success of our
marketing and advertising programs; (h) risks associated with new products and
new product features; (i) collectibility of receivables from our customers;
(j) ability to attract and retain key personnel; (k) costs of insurance and
other selling, general and administrative expenses; (l) risks related to our
increasing emphasis on private label products; and (m) other risk factors
listed in our reports filed with the Securities and Exchange Commission from
time to time. We undertake no obligation to revise the forward-looking
statements included in this Press Release to reflect any future events or
circumstances. Our actual results, performance or achievements could differ
materially from the results expressed or implied by these forward-looking
statements.
SOURCE Broder Bros., Co.
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