Element 21 Golf Company Receives $300,000 Initial Order From Leading Distributor
10:05 a.m. 07/09/2008 Provided By Market Wire
TORONTO, Jul 09, 2008 (MARKET WIRE via COMTEX) -- Element 21 Golf Company (ETGF) (FRANKFURT: BJQ), the leading manufacturer of advanced Scandium Alloy golf and fishing equipment, announced today that it has received an initial $300,000 order for its Carrot Stix line of fishing rods from the Farris Brothers, Inc. ( www.farrisbrothers.com ), a leading distributor of Hunting and Fishing Supplies. The purchase represents the initial order for the 2008-2009 season.
After the best-to-date fourth quarter and best year-end revenues, this initial 2008-2009 order represents a continuing revenue growth in the new fiscal year for Element 21.
"We are pleased to receive this initial order from this distributor with a large number of accounts," said Nataliya Hearn, President and CEO of Element 21. "This order reflects the growing recognition for our proprietary Scandium and bio-fiber technologies, which continues to gain adoption among leading golf and fishing professionals, retailers, distributors and customers. We look forward to further expanding our relationship with the Farris Brothers as they place subsequent orders for our equipment."
