News Xfit Brands (XFTB) Acquires Enviroturf(R), One of the Leading Artificial Turf and Surface Companies
A Wall Street Buy Sell Hold Inc Publication ---- All Rights Reserved
October 18, 2016
XFit Brands, Inc. (OTC QB: XFTB)
We would like to bring to your attention the latest press release from XFit Brands, Inc.
Xfit Brands, Inc. Acquires Enviroturf, One of the Leading Artificial Turf and Surface Companies
Accesswire: October 18, 2016
- Provides the resources behind EnviroTurf to accelerate growth, and brings multiple new channels for turf and other surface product growth
- Leverages XFit Brands global sourcing and supply chain, and expands XFit Brands to new channels beyond supply to traditional fitness outlets
LAKE FOREST, CA / ACCESSWIRE / October 18, 2016 / XFit Brands, Inc. (XFTB), a global supplier of fitness and MMA equipment sold at retail and fitness outlets worldwide whose brands include Throwdown, Transformations, and GlideBoxx today announced that it has completed an asset purchase of Environmental Turf Services, LLC, one of the leading sports field, synthetic and artificial turf and surface companies in the world.
EnviroTurf is recognized as one of leading suppliers in the United States for athletic field surfaces and is one of the preeminent quality providers of major sports playing fields worldwide. With global headquarters in Jackson, Mississippi, proud Southern roots and long-term dominance in SEC country, the company has installed over 100 fields in its young history. The Company's portfolio includes some of the most state of the art, highest quality, safest and environmentally friendly sports fields and surfaces available anywhere in the world.
XFit Brands, Inc., which currently provides functional fitness equipment to major fitness outlets throughout the United States and to more than 20 countries internationally, will not only provide the resources for EnviroTurf to expand across all sports and at all levels from professional to the collegiate ranks and high schools, but they will also augment the supply chain, sourcing, production and execution capabilities of EnviroTurf to facilitate their growth. Xfit Brands is a turnkey supplier to thousands of major gym outlets worldwide and does everything from design, to production, to installation for the outlets. Having surface capabilities now in its portfolio complements its broad line of functional fitness equipment, impact sports equipment, and accessories and furthers its one-stop-shop strategy.
Hal Mumme, former Head Coach at the University of Kentucky, SE Louisiana, New Mexico State, and presently Belhaven commented, "In my 30 years as a head coach I have played on every type of synthetic field and the EnviroTurf field is by far the best field surface I have ever played and trained on, bar none. I am excited for EnviroTurf's new partnership with XFit Brands. There are many products in the XFit Brand's portfolio that are immediately applicable to college level athletics and I look forward to implementing them into our training."
Jim Bateman, owner of EnviroTurf commented, "We are excited to be part of the XFit Brands team and I am excited to be President of the Sports Division going forward. We have a pipeline of over $20,000,000 and we plan on fully leveraging XFit's infrastructure and operations capabilities to capture EnviroTurf's full potential. XFit's manufacturing network and supply chain will substantially reduce product and shipping costs while facilitating significantly increased sales to their venues around the world."
XFit Brands recently announced its annual financial results with its 4th consecutive year of double-digit revenue growth with an improvement in gross margin to 43.8% of net sales, an increase of 66% versus prior year. The Company has recently been selected as a preferred supplier to some of the largest gym chains in the world, and its international division now represents more than 40% of the total Company.
David Vautrin, Chief Executive Officer of XFit Brands, commented, "We are very pleased to have Jim Bateman join the team and to have EnviroTurf become an integral part of the XFit Brand's portfolio. Jim did a tremendous job with EnviroTurf with football, soccer, softball and baseball fields across the US and we intend to accelerate his success globally. Not only will we grow EnviroTurf, but we also see potential for the XFit Brands portfolio to penetrate the Professional, Collegiate, and High School ranks where EnviroTurf built its reputation."
About XFit Brands
XFit Brands, Inc., is one of the leading suppliers of functional fitness brands, products, and equipment sold at retail and fitness outlets worldwide. The company provides a full portfolio of functional fitness products, Mixed Martial Arts gear, and other high and low impact fitness regimes and owns the Throwdown trademarks registered in more than 30 countries for its Functional Fitness line and its MMA portfolio, Transformations in programming and training, the GlideBoxx sports training system, and now EnviroTurf Sports Training Surfaces. The company's portfolio of brands and products are sold in many countries around the world and supply many of the leading Gym and Fitness outlets throughout the United States. The Company's websites are www.XfitBrands.com, www.Throwdown.com, www.GlideBoxx.com, and www.EnviroTurfServices.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statement reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of XFit, including statements regarding XFit's expectation to see continued growth. The forward-looking statements are based on the assumption that operating performance and results will continue in line with historical results. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. XFit Brands competes in a rapidly growing and transforming industry, and other factors disclosed in the Company's filings with the Securities and Exchange Commission may affect the Company's operations. Unless required by applicable law, XFit undertakes no obligation to update or revise any forward-looking statements.
For investor inquiries please contact:
SOURCE: XFit Brands, Inc.
You may also learn more about the company by visiting their website http://www.xfittraining.com/
Founder, and President of Wall Street Buy Sell Hold, Inc.
Wall Street Buy Sell Hold Inc (WSBSH) is an Investor Relations firm hired by certain companies to provide investor awareness services to micro cap, small cap companies and other private and public companies. Investor Awareness programs are designed to help companies communicate their investment characteristics. WSBSH distributes commercial advertisements (report/release/advertisements) and other Information purchased and compiled from outside sources and analysts. Please read our disclaimer at the end of this report.
Disclaimer and Compensation notice: The contents of this message are published by Wall Street Buy Sell Hold Inc to provide readers with information on selected publicly traded companies. Factual information is obtained from public filings and other sources deemed to be reliable; however, Wall Street Buy Sell Hold Inc takes no responsibility for verifying the accuracy of such information and they make no representation that such information is accurate or complete. Some statements may contain so-called "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made herein. These forward-looking statements are not historical facts, but reflect current expectations, estimates and projections. No assurance is given that these estimates, expectations or projections will be achieved. Many factors could cause actual results to differ. Investors should consult with their investment advisor, attorneys and other professionals concerning any stock transaction. Wall Street Buy Sell Hold Inc does not offer such advice or analysis, and suggests you consult your own independent tax, business, financial and investment advisors. In general, given the nature of the company or companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. An investor in such securities should be prepared and able to bear a loss of his or her entire investment. Wall Street Buy Sell Hold Inc has relied upon information supplied by its customers, which it believes to be reliable; however, such reliability cannot be guaranteed. Wall Street Buy Hold Sell Inc., is being paid five thousand dollars a month and two hundred and fifty thousand shares of XFIT Brands' restricted stock for a 90-day market awareness campaign. The principle of Wall Street Buy Sell Hold, Inc., has purchased for his own account, nine thousand and five hundred dollars worth of XFIT Brands. Wall Street Buy Sell Hold Inc makes no representations as to the accuracy, timeliness or completeness of the information contained in any such advertisement and disclaims any and all liability relating thereto. Wall Street Buy Sell Hold Inc is not to be held responsible for any claims made by the companies advertised herein. None of the materials or advertisements herein constitutes offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based solely upon the information provided herein. Wall Street Buy Sell Hold Inc urges you to conduct a complete and independent investigation of the respective companies and consider all pertinent risks. Further, Wall Street Buy Sell Hold Inc and their employees and affiliates may own, or may purchase and sell, securities of the company or companies profiled. Wall Street Buy Sell Hold Inc undertakes no obligation to inform readers about their ownership or their trading activities, or that of their employees or affiliates, in the securities of the profiled company or companies.
Wall Street Buy Sell Hold Inc.
135 Glenwood Road ? Glenwood Landing, N.Y. 11547 ? (516) 656 - 0217 ?