Johnson Outdoors Receives Military Orders
April 25 2006 - 7:30AM
Business Wire
Johnson Outdoors Inc. (Nasdaq:JOUT) today announced the Company has
received two separate orders for the Modular General Purpose Tent
System (MGPTS) totaling $5.5 million with anticipated delivery in
the second half of calendar 2006. As a result of these recent
orders, the Company has now received ten separate orders totaling
$17.5 million awarded under the multi-vendor, multi-product
contract announced on September 7, 2005. At this time, the Company
expects fiscal 2006 military sales to be in the $35 - $40 million
range. "We are grateful for the support we have received from
Congress, particularly that of Senators Clinton and Kohl, and
Congressmen Boehlert, Hinchey, Ryan and Walsh, which is helping to
assure the protection of U.S. troops and American jobs," said Helen
Johnson-Leipold, Chairman and Chief Executive Officer. 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(R), Necky(R) kayaks;
Minn Kota(R) motors; Humminbird(R) and Fishin' Buddy(R)
fishfinders; Cannon(R) downriggers; Scubapro(R) and UWATEC(R) dive
equipment; Silva(R) instruments; and, Eureka! (R) tents. The
company has 23 locations around the world, employs 1,300 people and
reported annual sales of $381 million in 2005. 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 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; 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; 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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