"Gregory and A&F have been partners for many decades and as a result, this agreement is designed to be mutually beneficial to both Black Diamond and A&F," continued Metcalf. "A&F currently is, and is expected to remain, Gregory's largest retail partner in Japan through A&F's 26 owned retail stores. Working directly with Japanese retailers is expected to allow improved forecasting and production planning to better support our Gregory sales growth expectations and provide smoother, more predictable cash flows. Ultimately, we believe controlling our own distribution will continue to be a key source of strength and competitive advantage for Black Diamond. However, there are no plans at this time to alter the existing Black Diamond Equipment branded gear distribution structure that we have with our long-time Japanese partner, Lost Arrow."
Conference Call and Webcast
Black Diamond will hold a conference call today, October 1, 2012 at 4:30 p.m. Eastern time (2:30 p.m. Mountain time) to discuss the previously announced PIEPS acquisition and A&F transaction. The Company's President and CEO Peter Metcalf and CFO Robert Peay will host the conference call, followed by a question and answer period.
|Date: Monday, October 1, 2012|
|Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time)|
|Dial-In Number: 1-877-941-1427|
|Conference ID#: 4566398|
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios Group at 1-949-574-3860.The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=101865 and via the investor relations section at www.blackdiamond-inc.com . A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day and until October 15, 2012.
|Toll-free replay number: 1-877-870-5176|
|International replay number: 1-858-384-5517|
|Replay pin number: 4566398|
CONTACT: Company Contact: Warren B. Kanders Executive Chairman Tel 1-203-428-2000 email@example.com or Peter Metcalf Chief Executive Officer Tel 1-801-278-5552 firstname.lastname@example.org Investor Relations: Liolios Group, Inc. Scott Liolios or Cody Slach Tel 1-949-574-3860 BDE@liolios.com
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