FTS Apparel Announces Deal With Finish Line, Inc.



COLORADO SPRINGS, CO -- (INTERNET WIRE) -- 10/24/00 -- FTS Apparel Announces Deal With Finish Line, Inc.. This initial order will put the "Flip the Switch" product in more than 20 stores for the coming holiday season.

Based in Indianapolis, Indiana, Finish Line, Inc. is a leader in the athletic apparel industry with more than 400 stores nationwide, serving customers in 41 states. The company generated revenues of more than $330 million for the first half of fiscal 2000 while producing net earnings of more than $10 million. They also have over $50 million cash on the balance sheet.

Mr. Lonell Morrison, Men's Apparel Buyer for Finish Line, stated, "I'm extremely excited about the opportunity ahead of us. FTS comes to the table with a fresh approach combined with a quality product that incorporates the details necessary to generate success at the retail level and fill a void in our mix."

FTS Apparel President Mr. Roger Burnett commented, "As our brand continues to build momentum, it is imperative for us to align ourselves with forward looking companies like Finish Line who understand where the industry is moving and are willing to take chances to stay ahead of that movement. The excitement of Finish Line further justifies our belief that we have created an interesting niche in an industry where everyone is searching for something new."

Finish Line joins more than 200 JC Penney stores nationally as the second major US retail chain to carry the "Flip the Switch" designer sports apparel line. This has been an exciting year for FTS; the company has built a strong management team and is now on track to post record revenues for fiscal 2000. FTS is currently in talks with other national retailers as they continue to build their distribution channels.

About FTS Apparel, Inc.

FTS Apparel is a fully reporting company and trades on the Over the Counter Bulletin Board. The company recently changed its ticker symbol to from FTSX to FLIP due to a name change to FTS Apparel, Inc. FTS was formed by a group of ex-professional athletes in 1997. The company's "Flip the Switch" brand name was formed with the purpose of creating a nationally distributed apparel line that reflects a positive image, creates a niche in the designer/sports industry and takes advantage of prevailing market trends. The company's products are available nationally at JC Penney, Finish Line, Inc. and other specialty retailers. www.FTSonline.com.

About Finish Line, Inc.

Finish Line, Inc. is a leading athletic retailer specializing in brand name athletic footwear, apparel and accessories. Known for its signature shoe wall, Finish Line works to provide customers with more styles and sizes of active footwear than any mall-based retailer. Finish Line began operations in 1976 in Indianapolis, Indiana, and at year-end served customers in 41 states through 409 stores. www.finishline.com

Statements regarding financial matters in this press release, other than historical facts, are "forward looking statements " within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations including future revenues and earnings, and all other forward looking statements, be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

By e-sports! PR sportswire
Published: 10/27/2000
 
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