Johnson Outdoors Inc. (Nasdaq:JOUT) today announced the Company and three other unrelated vendors have been tapped for a single military contract covering a variety of shelters, trailers and other military supply components. The new contract consolidates the military purchases of a variety of goods for all branches of service under a single contract, and provides the military the vehicle through which orders can be placed. Total combined orders under the new contract could range from a minimum value of $25,000 to a maximum cumulative value of $120 million across all four vendors combined. No orders have been placed with Johnson Outdoors under the newly announced contract. "We are pleased to have been awarded a contract, as it indicates Johnson Outdoors has earned the reputation as a quality military supplier. However, is important to understand that the award of a contract in no way guarantees orders above the minimum value of the contract. Further, unlike prior military contracts awarded the Company, the minimum and maximum value of the new contract is shared across four vendors, and does not specify a single tent variety. Our outlook for military tent sales this year and next remains unchanged until we have orders in hand," said Helen Johnson-Leipold, Chairman and Chief Executive Officer, Johnson Outdoors Inc. ABOUT JOHNSON OUTDOORS INC. Johnson Outdoors is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors' familiar brands include, among others: Old Town(R) canoes and kayaks; Ocean Kayak(TM), Necky(R) kayaks; Minn Kota(R) motors; Humminbird(R) fishfinders; Scubapro(R) and UWATEC(R) dive equipment; and, Eureka! (R) tents. The company has 24 locations around the world, employs 1,500 people and reported annual sales of $355 million in 2004. Visit Johnson Outdoors online at www.JohnsonOutdoors.com. SAFE HARBOR STATEMENT Certain matters discussed in this press release are "forward-looking statements," intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact are considered forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results or outcomes to differ materially from those currently anticipated. Factors that could affect actual results or outcomes include changes in consumer spending patterns; the Company's success in implementing its strategic plan, including its focus on innovation; actions of companies that compete with the Company; the Company's success in managing inventory; movements in foreign currencies or interest rates; the Company's success in restructuring of its European Diving operations; unanticipated issues related to the Company's military tent business; the success of suppliers and customers; the ability of the Company to deploy its capital successfully; adverse weather conditions; unanticipated events related to the terminated Buy-Out transaction; and other risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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