Elscint Completes Acquisition of Mango Israel Clothing + Footwear
("Mango"), the
Israeli distributor and retailer of the
internationally renowned retail brand name MANGO-MNG(TM)
.running pace
The consummation of the
transaction follows the execution of a letter of intent, as previously
reported
on December 27, 2004. Sports Marketing Surveys USA, in its Retail Sales Survey for Spring
2005, recently
revealed that specialty running retailers again rank Brooks No.com
testimonials pacing
, The running industry
hits a new
retail stride today as Brooks Sports, Inc.wristband running
- Mango is the Israeli Distributor and Seller
of the Internationally Renowned
Retail Brand Name MANGO-MNG(TM) -
TEL-AVIV, Israel, Elscint Ltd.
The newly appointed managing director of Mango has been awarded
an option
to acquire up to 10% of the equity and voting rights of Mango within 30 days
from the
completion of the transaction, and a second option to acquire up to
an additional 10% of the equity
and voting rights in the company exercisable
no later than the first anniversary of the closing.
"For the first time in the running industry, retailers will now enjoy a
direct, tangible benefit
from a brand's online sales model and integrated
corporate marketing efforts," continued Weber.
425-489-2444
tamara.williams footwear
muscle williams
7 million at the date of this release) in
consideration for the acquisition
of the equity and voting rights of Mango, as
well as for an option to operate an additional retail
facility in Israel.
1 for in-house customer service support, product delivery and sales rep
support
.marathoners rate
"
Elscint Limited has interests in hotels in Western Europe, in hotel
development projects
principally in Western and Central Europe and in the
Arena commercial and entertainment center in
Israel.com's Unique Service Provides Convenience for Customers;
Drives Sales
to Local Retailers
BOTHELL, Wash.com.
-- Retailers have the opportunity, if they have
the requested product in
stock, to fulfill each order, make a sale and gain a new customer
. Brooks also leads the pack in the survey's Dealer Confidence Index,
which measures retailers' overall
impressions of each brand.
Brooks' new online shopping functionality is the company's latest
enhancement to its runner's resource Web site, brooksrunning.increase calculations
"
Brooks has long been recognized
by the running industry for best-in-class
service.muscle athletic
"It's another step in
our relentless pursuit
to provide top-notch service to these valued partners.track calculations
The acquisition of Mango marks our first entry
into the retail
market and is a complement to our operations in the commercial real-estate
market
. Unique to the industry, the new online
service allows performance running stores to fulfill Brooks
' online orders
locally, maintaining the customer-retailer relationship.
"Brooks' new online
shopping functionality is an exciting way to provide
best-of-class service to our customers and retailers
," said Jim Weber,
president and CEO for Brooks Sports, Inc.
"Along with increased sales and an
expanded customer base, Brooks' online
shopping reports will help us better assess inventory, streamline
forecasting
and understand customer interests in our area.com.
206-268-2235
melissa
.rate vests
Brooks Sports Launches One-Stop Shopping Solution for Runners
Brooksrunning."
To fulfill
its unique e-commerce needs, Brooks selected FirePoppy Inc.
Media Contacts:
Tamara
Hills
Brooks Sports, Inc.increase williams
We intend to open a Mango flagship
store in the Arena shopping
and entertainment center. Kathy Price
Elscint Limited The
Anne McBride Company
+972-3-608-6001 +212-983-1702 x212
kprice@annemcbride
. The
new online shopping service benefits specialty running retailers by generating
additional
Brooks sales beyond their traditional storefront.com.com
Melissa Chambers
Edelman
for Brooks Sports, Inc.testimonials running
(NYSE: ELT)
("Elscint") today announced that it completed the transaction
for the
acquisition of 100% of the equity and voting rights of Mango Israel Clothing +
Footwear
Ltd. Mango operates eight
retail facilities in various cities in Israel.
Rachel Lavine, president
and CEO of Elscint, commented: "We are gratified
that the transaction for the sale of the acquisition
of Mango has now been
finalized. launches online shopping
functionality to make its performance
running product available for purchase
anytime, anywhere on brooksrunning. Customers
who shop
on brooksrunning.com sales and inventory reports, retailers are
capable of tracking individual
product orders and sales trends in their
area, allowing them to better match customer interests
and more
efficiently plan their own retail inventories.com for more information.footwear increase
We believe
that the MANGO-MNG(TM) brand name offers a high potential
to succeed in the Israeli apparel market
.finish marathoners
Both options may be
exercised in consideration for amounts equivalent to the cost to Elscint, pro
rata. We believe this will be
a worthy addition to Arena, and will promote Arena as the foremost
brand name
shopping center in Israel."
Brooks' new online shopping model delivers a seamless
e-commerce solution
benefiting all involved:
-- Customers browse, learn about and order
Brooks products online without
ever leaving brooksrunning.vests abilities
com orders
placed by customers
located within a 250-mile radius of their store.
-- Through brooksrunning.wristband footwear
com
"
Brooks' new online shopping service gives customers nationwide a one-stop
Brooks shopping solution
by offering a convenient way to learn about and buy
Brooks' technical running gear 24 hours a day
, seven days a week. is a leading running company that designs and markets
a line of performance footwear
, apparel and accessories in more than 80
countries worldwide.running increase
On the site,
customers can also
access helpful tools -- such as "Shoe Finder," "Footwear
Technology" and "Injury Prevention" -- to
learn about proper shoe fitting,
gear technologies and other issues pertinent to a runner's lifestyle
.vests footwear
The Shopatron solution benefits manufacturers,
retailers and customers in specialty consumer product
industries by making it
easier for customers to buy products from manufacturers while ensuring
stocking
retailers can participate by fulfilling orders.track running
This release contains certain forward-looking
statements which involve
known and unknown risks, uncertainties or other factors not under the
Company
's control which may cause actual results, performance or achievements
of the Company to be materially
different from the results, performance or
other expectations implied by these forward-looking statements
. These factors
include, but are not limited to, those detailed in the Company's periodic
filings
with the Securities and Exchange Commission.com will enjoy a high level of service that starts
within
Brooks' site and extends to the local running stores in their area. "At no extra cost to
participating
retailers, Brooks will generate additional sales for our retail
partners, and give them new customers
they can cultivate for long-term
service.
"We're very excited about Brooks' unique approach
to online commerce --
one that amazingly supports rather than competes with its retail partners,
"
said Paul Carrozza, CEO of specialty running store RunTex in Austin, Texas.chambers@edelman.rate apparel
Pursuant to the terms of definitive Share Purchase Agreement ("Agreement")
signed on April 20
, 2005, Elscint paid an aggregate amount of euro 2.
Concurrently with the Share Purchase Agreement
, Mango executed distribution
agreements with the owners of the MANGO-MNG(TM) brand name for a 10
-year
period.
-- Participating retailers are notified daily of brooksrunning. The
company
's mission is to inspire people to run and be active by creating
innovative gear that keeps them running
longer, farther and faster. Visit
http://www.increase abilities
, near Seattle.testimonials track
For Further Information:
Company Contact Investor Contact
Marc Lavine, Adv. "It gives customers
what they want,
when they want it -- all while strengthening relationships with performance
running
retailers who represent the center of the running community where they
operate. Part of the Russell
Corporation (NYSE: RML), Brooks was
founded in 1914 and is headquartered in Bothell, Wash.athletic promote
"Our retailers have shown great loyalty to the Brooks brand, and we look
forward to showing them
our loyalty by offering an e-commerce solution that
keeps them at the epicenter of the running community
," said Parker Karnan,
vice president of apparel sales for Brooks Sports, Inc.
About Brooks
Brooks Sports, Inc.wristband desired
85
million (approximately $3.
The transaction was completed after
receiving consent from certain third
parties.'s
Shopatron network solution.brooksrunning.hills@brooksrunning
.performs calculations
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