ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Tell me a little bit about how the reception's been from investors and analysts. I mean, do you feel like people are eager and want to hear stories at this conference?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

Yeah, it's great. We love this conference. The ROTH guys treat us really well here and we have a full sleep for every day we're here. We're kind of a different type of company, being in sports, both lacrosse and hockey and roller hockey. And so, there's always something to talk about with somebody.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Your revenue in the last report was up about 6%. Now there was an NHL lockout going on. So, how did you manage to skate by that, no pun intended?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

Well, you know, how I'd like to explain it is there's about 650 guys in the NHL but there's six million kids playing hockey around the world and they weren't locked out of playing. So the majority of our business is with that. We're so happy that the NHL guys are back on the ice but we sell primarily to the youth around the world and they were still playing hockey. I know there was some concern in the last earnings report that perhaps some of your competitors had an inventory overhang and that means there would have been a glut maybe prices got nicked a little bit. Yeah.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Did you have any impact from that? Did you see a little compression on the margins?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

Yeah, I think, you know, it's a seasonal business and when people overproduce, it has to go somewhere. We're really happy that our brand isn't associated with 50% or 75% off like some of our competitors. And so, we'll get through it, the season will go through, consumers will get great deals on that product but we're still going to be bringing great, innovative product to market. Our new products actually launch in about a month from today.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Does that mean with the new products that we'll actually see an increase in earnings and revenue or will there be any sort of drag from that inventory glut?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

What we have told investors is that we are going to grow in the industries that we're in, in the businesses that we're in, faster than the market grows, and that we're going to grow our bottom line faster than our top line. So we feel that even though that inventory issue is out there in the market and it's real, we will continue to grow our earnings and our revenue.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

In terms of your investor base, your largest shareholder is Kohlberg Funds. They actually own about 31%. There was a secondary offering. So is the aim to get to lower that holding a little bit more, would you like to broaden out your investor base?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

Absolutely. Look, the Kohlberg guys are great and they buy and sell companies, it's what they do. So this has worked out as a nice investment for them and we expect that they'll continue to manage their portion down and that does provide us with better liquidity and a wider investor base which we're very happy about.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

You're buying companies too, right? You bought Cascade, so you've expanded into the lacrosse business. Are acquisitions a key goal for you in the next couple of years?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

It's a very significant part of our growth strategy. We also just bought Inaria which is an apparel line that helped us have on-field and on-ice apparel and we just recently, last week, announced a deal with the BCHL in Canada where we are their exclusive provider which we wouldn't have been able to do had we not had that recent acquisition. So we'll continue to buy things as we find them but there's lot of opportunities out there.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

And how do you fund the acquisitions then or is every case different?

KEVIN DAVIS, CEO, BAUER PERFORMANCE SPORTS (ENGLISH) SAYING:

Every case is different. It will depend on the size and the scale of it. Certainly, we have the liquidity and we could certainly issue stock. We have lots of room in our debt facility as well, so we could borrow the money. It will really depend on a particular deal.