Phoenix Footwear Group, Inc. (PXG)

[steeltoe]

News out... Friday after hours...

http://biz.yahoo.com/e/070713/pxg8-k.html

13-Jul-2007

Entry into a Material Definitive Agreement



Item 1.01 Entry into a Material Definitive Agreement.
On July 9, 2007, the Defense Supply Center Philadelphia (the "DSCP") of the United States Department of Defense awarded the registrant's wholly-owned subsidiary, Altama Delta Corporation, a contract to furnish hot weather infantry combat boots. The contract contains an initial one year term with four one year extension options available to the DSCP. The contract is a fixed price with economic price adjustment, indefinite delivery, and indefinite quantity contract. The contract provides for a minimum of approximately 83,000 pairs and a maximum of approximately 337,000 pairs in contract year one for a maximum fixed price of approximately $20.4 million. It also provides for a minimum of approximately 61,000 pairs and a maximum of approximately 308,000 pairs in each of the next four contract option years. As a result, there can be no assurance of the ultimate number of combat boots that the DSCP will purchase under the contract.