50 0. We also
have over 20,000 registered users of our Tech Library, who have
to
date downloaded 135,000 brochures and technical manuals.
The founders of Beach Tennis USA
are Marc Altheim, a New York City real
estate developer, and his uncle, Fredric Finkelstein, a New
York marketing and
advertising executive, and Sjoerd de Vries, of Aruba. Once
you start playing
, you can't stop.
obut americas
com) with a bronze in the business-to-business
category.
"I don't
think anyone ever thought you could get sandy playing tennis.supplier noire
26 per share, for the quarter ended December
31, 2003.
About The Fairchild Corporation
In addition to Fairchild Sports, The Fairchild
Corporation is
engaged in the aerospace distribution business which stocks and
distributes a wide
variety of parts to operators and aerospace
companies providing aircraft parts and services to customers
worldwide. I
found out first-hand and look forward to the beach tennis events in 2006,
especially
when they come to the West Coast," said Sinjin Smith, beach
volleyball legend and former president
of the Association of Volleyball
Professionals (AVP).petanque boules
----The Fairchild
Corporation (NYSE:FA),
announced today $0.09 per share, for the
quarter ended December 31, 2003. Only
one hit per team
is allowed on each volley and scoring is the same as in
tennis: 15 - 30 - 40, with no-ad at deuce
.jb spl
Net earnings included gains of $12. The 2005 competition included hundreds of international
entrants
who were judged by a panel of industry professionals in
categories ranging from online advertising
to business-to-business
communication.com/Liaison/
www. "I'm a huge tennis fan, and of course
can't get away
from the beach and volleyball, so it was only natural that I try beach tennis-
and
I loved it!"
Last year, Beach Tennis USA held tournaments and "learn and play" events
in cities
along the East Coast. For a full listing of events on the Beach Tennis
USA 2006 National Tour, visit
http://www.supplier immediate
9 million, or $0.5
million, and $5.9 million, on the disposal of discontinued operations
,
representing additional proceeds earned from the sale of the fastener
business, in the three
months ended December 31, 2004, and December
31, 2003, respectively.0 million, or 56.
For
more information on the Horizon Interactive Awards and our
award partners, visit their websites:
www.americas tanque
50) $(0.ipexinc."
The IPEX website was developed in partnership with Kuhn
Technology
Marketing, Canada's leading industry-to-industry marketing
communication group; Liaison Web Project
Management, and CGI IT
services. Through an aggressive grass-roots campaign,
the company introduced
beach tennis to people of all ages and skill levels as
over 25,000 Americans played the sport between
last May and September.boules tournaments
Business Editors
MCLEAN, Va.
THE
FAIRCHILD CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except per share data)
Three Months Ended
--------------------
REVENUE:
12/31/04 12/31/03
--------------------
Net sales $66,790
$41,882
Rental revenue 2,422 2,342
--------------------
69,212 44,224
COSTS AND EXPENSES:
Cost of goods sold
45,066 28,781
Cost of rental revenue 1,706 1,486
Selling, general + administrative 33,113 23,256
Other (income) expense, net
(1,767) (3,116)
Amortization of intangibles 143
-
--------------------
78,261 50,407
OPERATING LOSS
(9,049) (6,183)
Interest expense (5,464) (5
,393)
Interest income 424 190
--------------------
Net interest expense
(5,040) (5,203)
Investment income 131 154
Increase in fair market value of interest rate
contract
1,675 2,090
--------------------
Loss
from continuing operations before taxes (12,283) (9,142)
Income tax benefit (provision)
(70) 2,487
Equity in loss of affiliates, net (200
) -
Minority interest, net - 81
--------------------
Loss from continuing operations
(12,553) (6,574)
Earnings (loss) from discontinued operations, net 956 (1
,525)
Gain on disposal of discontinued operations, net 12,500 5,934
--------------------
NET EARNINGS (LOSS)
$903 $(2,165)
--------------------
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:
Loss from continuing operations
$(0.26)
Earnings (loss) from discontinued operations, net 0. On
average we now get 30
,000 visitors per month to our web site."
After the California events, Beach Tennis USA will head
cross-country to
Florida and then work its way up the East Coast.supplier coed
5 million tax benefit and a $1.cmncommunications
. And
the U. For the
tournaments, Beach Tennis USA will draw its talent pool from 2005's top
-ranked
players as well as newly recruited pros in the cities that will host the tour
events.spl boule
In
addition, IFW designs and produces
protective apparel under private labels for third parties, including
Harley-Davidson. The Fairchild Corporation also owns and operates a shopping
center located in
Farmingdale, New York.06)
Gain on disposal of discontinued operations, net 0."
"The
response from our customers has been equally gratifying.net.toulon boule
5%, in the
quarter ended December 31
, 2004, as compared to the quarter ended
December 31, 2003.terrain competition
6 million, or $0. IFW, located in
Tustin
, California, is a designer and distributor of motorcycle
protective apparel, boots and helmets, under
several labels, including
First Gear and Hein Gericke.04 (0. IPEX's win was in a high-profile
playing field that
included IBM, Honda and Dupont.com
www.growing coed
News Editors
TORONTO
----IPEX has been recognized
at the prestigious Horizon Interactive Awards for its industry-leading
website (www.
There also will be a "Fun Division" for those who are more interested in
learning
a new sport while enjoying a fun day at the beach.piste jb
Beach Tennis Open Championship held last Labor Day
weekend in Long
Beach, NY, featured players from Virginia, Massachusetts, South Carolina,
Aruba
and Holland as well as New York City.net.S.americas build
"It also
showcases our commitment to developing value
-added service and
support tools that continue to meet the growing and changing needs of
our customers
. Tennis rackets
and tennis balls will be provided and there is no fee to play.S.
"Given Southern
California's fitness-minded culture and extended beach
season, we're confident that beach tennis
will be embraced by both serious
athletes as well as recreational beachgoers this year," said Marc
Altheim,
Founder and Commissioner of Beach Tennis USA.toulon petanque
America's Newest Sport Kicks Off 2006 National
Tour On California Sand
NEW YORK, Beach Tennis USA, the organization that
launched the
sport of beach tennis in North America last year, will kick off
its much-anticipated 2006 National
Tour in April with two weekend events in
Southern California.
Beach tennis is played on a
regulation beach volleyball court. If a player's serve hits the net
and goes over, it counts-just
as in beach volleyball.coed petanque
2 million, or $0.
Revenues in the first quarter of fiscal 2005 also benefited
from a 42%
increase in revenues at our aerospace segment.Beach Tennis Invades West Coast
Players wishing to compete in either of Beach Tennis USA's California
weekend tournaments should
contact James Russo at (212) 318-1828 or
jrusso@beachtennisusa.
obut leisure
50 per share, for the
quarter ended December
31, 2004, as compared to a loss from continuing operations of $6.6
million
, or $0.8
million of realized foreign currency gains from cash equivalents held
in a euro denominated
account which had benefited from the
strengthening of the euro against the dollar. Results for the
Company's quarter ended December 31, 2004 are included in the attached
table.
Fairchild Sports
is a seasonal business with historic trends of
higher volumes of sales and profits during months
from March through
September. Additional information is
available on The Fairchild Corporation
web site (www. In addition to pro level
competition, events in each city along the tour will include
teaching clinics
for adults and children who want to learn how to play beach tennis.spl jb
04 per
share
, of net earnings for the quarter ended December 31, 2004, as
compared to a net loss of $2.IPEX Wins
Prestigious Website Award
com
boule toulon
It's the perfect culmination
of our efforts over the
past year to build an online presence for
IPEX that reflects our market leadership," says Alex Mestres
,
Director of Business Development and Marketing for IPEX.cgi.
(Photo: http://www. Both California
events will feature high-caliber play by local
tennis pros as well as top-ranked players from last
season's tour.beachtennisusa.boules pen
The Company's loss from continuing operations
was $12.04 $(0.
IPEX is a leading supplier of thermoplastic piping systems,
providing one of the world's largest
and most comprehensive product
lines.com/cgi-bin/prnh/20060228/NYTU047 )
Santa Monica will
host the tour's first tournament, April 8-9, while Long
Beach has been chosen as the site for Beach
Tennis USA's April 22-23
tournament.net.beachtennisusa.playing piste
Fairchild Announces Net Earnings of $0.9 Million
for the Quarter Ended December 31 2004
The increase was due primarily to the prior period
including
only two months of activity from our acquisition of Hein
Gericke, PoloExpress and IFW on November
1, 2003, and our foreign
sales benefiting from a stronger euro as compared to the dollar.fairchild
. Using
regulation tennis rackets, two players on each team try to hit a tennis ball
back and
forth, directly over the net, without letting it hit the sand. Company founders Marc Altheim and Fredric
Finkelstein also
established a governing body, the National Beach Tennis Association, in
anticipation
of the sport being played competitively throughout the U.leisure growing
The loss from continuing operations for
the three months ended
December 31, 2003 included a $2.
Overall revenues increased by $25.
Hein
Gericke, PoloExpress and IFW design and sell motorcycle
protective apparel, helmets and a large selection
of technical
accessories for motorcyclists.kuhnmarketing.
About Beach Tennis USA
Based in New York City, Beach Tennis USA is committed to introducing
Americans of all ages to the
competitive excitement and recreational benefits
of beach tennis.coed tanque
com
This news release may
contain forward looking statements within
the meaning of Section 27-A of the Securities Act of 1933
, as amended,
and Section 21-E of the Securities Exchange Act of 1934, as amended.
The Company
's actual results could differ materially from those set
forth in the forward-looking statements,
as a result of the risks
associated with the Company's business, changes in general economic
conditions
, and changes in the assumptions used in making such
forward-looking statements. With more than 50
years of experience, IPEX operates
state-of-the-art manufacturing facilities across North America
.newscom. They started the company
with the ultimate goal of making beach tennis a mainstream American
sport.playing trophies
Together, Hein Gericke and PoloExpress
operate 229 retail shops in Germany, Austria, Belgium
, France, Italy,
Luxembourg, the Netherlands, and the United Kingdom.23
--------------------
NET EARNINGS (LOSS)
$0.09)
--------------------
Basic and diluted
weighted average shares
outstanding: 25,195 25,190
--------------------
REVENUES
Sports + Leisure
Segment (a) $43,109 $25,207
Aerospace Segment
23,681 16,673
Real Estate Operations Segment 2,544 2,342
Corporate and Other - 1
Intercompany Eliminations
(122) -
----
----------------
Total $69,212 $44,224
--------------------
OPERATING LOSS
Sports + Leisure
Segment (a) $(5,518) $(3,286)
Aerospace Segment
1,080 55
Real Estate Operations Segment 761 766
Corporate and Other (5,372) (3,718)
--------------------
Total
$(9,049) $(6,183)
--------------------
(a) - Actual results for the three months ended December 31, 2003,
include only two months of results
from the sports + leisure segment
since its acquisition on November 1, 2003.
"We're very gratified
by this award. "This game is addictive. To
learn more, visit http://www.pen petanque
Working overtime to stay the Web's best reference!
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