Spalding Goes Red, White and Blue
February 05 2007 - 10:13AM
PR Newswire (US)
Company to Produce Official Basketball of the ABA INDIANAPOLIS,
Feb. 5 /PRNewswire-FirstCall/ -- The American Basketball
Association, Inc. (ABA) (OTC:ABKB) (BULLETIN BOARD: ABKB) has
selected Spalding, the world's leader in basketball equipment, to
produce the famous red, white and blue basketball used by the ABA
in all official games. The ball was introduced at the recent ABA
All-Star game in Halifax, Nova Scotia. "We used the new Spalding
ball for the games, the three-point competition and the slam dunk
competition, and every player loved it," noted Joe Newman, CEO of
the ABA. "There is no doubt in my mind that we have the best
possible company producing our basketballs. We intend to offer
several variations of the ball -- from the official ball, to
replicas, to an outside rubber ball." "We are excited to have the
red, white and blue basketball back on our home court," stated Dan
Touhey, vice president of marketing, Spalding. "From the
three-point shot to the new and exciting 3D defense, the ABA is an
innovator of the game and shares our philosophy in moving the game
forward. The fact that the league is growing on the international
stage fits well with our global strategy." About Spalding As a
Division of Russell Corporation, the Spalding Group consists of
three business units: Spalding in Springfield, MA; American
Athletic, Inc. (AAI) in Jefferson, IA; and Huffy Sports, in Sussex,
WI. The three companies, collectively combined, are now the largest
basketball equipment supplier in the world. Spalding is the
official basketball supplier of the National Basketball Association
(NBA) and Women's National Basketball Association (WNBA), the
official backboard of the NBA and NCAA, the official volleyball of
the King of the Beach Volleyball Tour and the official football of
the Arena Football League (AFL) and Pop Warner. For more
information, visit http://www.spalding.com/. About the American
Basketball Association American Basketball Association, Inc. is an
Indiana corporation that is engaged in operating a professional
basketball league composed of teams in the United States, Canada
and Mexico. The ABA is innovative in its approach to bring diverse,
family-friendly, exciting basketball to true fans. ABA also markets
league-related merchandise and other products and is developing or
expanding media outlets and ancillary entertainment businesses that
complement the league's operations. For more information about the
ABA please visit http://www.abalive.com/. To be added to the ABA
news distribution list please click here:
http://www.abalive.com/emailalerts.html?b=1485&1-1 Safe Harbor
Statement This release contains forward-looking statements.
Forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the Company's
products, increased levels of competition for the Company, new
products and technological changes, the Company's dependence on
third-party suppliers, and other risks detailed from time to time
in the Company's periodic reports filed with the Securities and
Exchange Commission. The Company does not undertake to update
forward-looking statements in this news release to reflect actual
results, changes in assumptions or changes in other factors
affecting such forward-looking information. Assumptions and other
information that could cause results to differ from those set forth
in the forward-looking statement. Contact: Chris Rosgen Capital
Market Relations 949.481.9739 Lynn Luczkowski Spalding 413-478-1569
or DATASOURCE: American Basketball Association, Spalding CONTACT:
Chris Rosgen of Capital Market Relations, +1-949-481-9739, for
American Basketball Association; or Lynn Luczkowski for Spalding,
+1-413-478- 1569, Web site: http://www.abalive.com/
http://www.spalding.com/
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