by The Editors on September 17, 2009
Spy Optic’s parent Orange 21 got a recent letter from the Nasdaq giving them 180 days to get their stock price up or they will get delisted, according to a release sent out by the company.
To regain compliance, the closing bid price of the Company’s common stock must be at or above $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by March 15, 2010, Nasdaq will provide written notification to the Company that the Company’s common stock is subject to delisting.
Anyone want to give them a little help?
[Link: Business Wire]
by The Editors on September 16, 2009
On Wednesday September 9, 2009 Richard “Wooly” Woolcott the chairman and CEO of Volcom sold 20,000 shares of his stock at an average price of $15, then on Monday, September 14 he sold another 20,000 at $15.1, for proceeds totaling more than $600,000, according to Form 4 filings with the SEC.
But don’t worry. He still owns 3,210,932 shares of his company’s common stock. Wooly’s dad Rene Woolcott, on the other hand, has been selling 20,000 shares of Volcom every month since May 2009.
This is, after all, how people get paid.
[Link: SEC via GuruFocus]
by The Editors on September 15, 2009
The Liquid Nation Ball 6 awarded Flea of the Red Hot Chili Peppers the SIMA Humanitarian of the Year award, and he took the opportunity to auction off a “one-of-a-kind” FLEABASS and help the organization raise an “all-time record amount” of more that $270,000.
Flea’s Humanitarian of the Year award was presented by pro skateboarder Tony Hawk and Surfers Healing’s Izzy Paskowitz. Well-known as arguably one of the greatest rock bass players of all time, Flea is also known for making his mark on the world through his humanitarian efforts. Flea has a selfless heart, especially for children in need, as demonstrated by his active support and volunteerism for Surfer’s Healing, where he helps autistic children experience the joy and calming effects of the ocean and surfing.
Follow the jump for the rest of the official press release. [click to continue…]
by The Editors on September 15, 2009
UK-based television production group Boomerang has just purchased the France-based snowboard website and print magazine Method Mag for an undisclosed amount and will include it in their Boom Extreme Publishing group.
Rasmus Ostergaard, managing director of Method, said: “The group’s skilled professionals share our enthusiasm for snowboarding and are leading players within extreme sports production. Boomerang’s expertise, creativity and business qualities will have a significant positive impact on our business. . . “Long term, it gives us a stronger foundation to project the Method brand to a bigger audience, and short term, it helps us to focus on delivering high quality content both in print and online to our existing audience. . . . “It also enables us to focus on our advertisers’ needs for partnerships with media groups like us in print magazine, online and IPTV for the future growth of snowboarding.”
And another indy goes corporate. Hope it worked out well for the entire Method team.
[Link: Wales Online]
by The Editors on September 14, 2009
Quiksilver has gone deep into the footwear industry and named Anton Nistl as the new president of DC Shoes, according to a story in the Orange County Business Journal.
He takes over running DC Shoes from former global president Nick Adcock and Americas general manager Mark Miller who left in recent months. . . . Nistl previously worked as senior vice president of sales at New York-based Vida Shoes International Inc., maker of shoes under the Baby Phat, Phat Farm, Osh Kosh, Carters Kids and other brands.
Sounds like Nistl has epic mass market skills and certainly knows soccer. Hopefully he likes skateboarding as well.
[Link: Orange County Business]
by The Editors on September 11, 2009
by The Editors on September 11, 2009
Orange 21, the parent company of Spy Optics announced this morning that they would “design and develop O’Neill Eyewear” under a license agreement.
Michael Neil, O`Neill`s Global Head of Brand Development & Licensing, is excited about this new development for the brand; “Due to O’Neill’s integral connection with the beach and snow lifestyle, eyewear is a natural extension for O’Neill and who better to team up with than the experts at Orange 21. They have proven competence in the eyewear category, which they have successfully gained over the last 15 years with SPY OPTIC.” . . “The convergence of two great brands is not only a story of success in a tough economy, it also signals an amazing level of respect and competency when the leading wetsuit brand pairs up with the leading action sports eyewear brand to produce a line,” said Stone Douglass, CEO of Orange 21
Sounds like a good deal for everyone. Follow the jump for the entire release.
[click to continue…]
by The Editors on September 10, 2009
We just tried some new technology for the live blog of the International Association of Skateboard Manufacturers Open Board Meeting to see a replay (our blogging wasn’t all that interesting, honestly) follow the jump.
[click to continue…]
by The Editors on September 8, 2009
Last year The Crossroads Trade Show seemed like a reaction. It was a response to damage (real and/or perceived) that the Action Sports Retail show had done to the skateboarding business and the Crossroads was seen as a salve, an antidote, maybe even a correction. But in 2009 the Crossroads, held in the back parking lot of Jamie Thomas’ Blackbox Distribution on the eastern edge of Carlsbad, California seems to have grown into its own.
Today there wasn’t as much talk about the trade show wars. Instead most discussions centered around the brands, the products, and how good it was to see old friends. It is the gathering of skateboarding business. And while talk of the economy came up during the day, it was more out of optimism for the future than worry about the past.
Being a bigger show helps. “The event has grown quite a bit,” said founder Jamie Thomas. “It’s almost double of what it was last year. There are over 100 brands and we’re doing two days. I think tomorrow will be even bigger.”
Rolling around the booths, however, it was tough not to compare The Crossroads to what we’ll all see on Thursday when ASR kicks off in a corner of the San Diego Convention Center. It’s is nice to be able to walk in without waiting in line. Or skateboard in front of a booth in peace or do pretty much anything else without anyone telling you to stop, or leave, or ask to see your badge. And that in itself is reason enough to love it.
Click here for some photos from today.
by The Editors on September 8, 2009
The International Association of Skateboard Companies will be holding an open board meeting at ASR on Thursday, September 10, 2009 at 3 PM in upstairs room #3. Among other things the board will be discussing the new Consumer Protection Safety Commissions new lead laws and what effect they will have on the skateboarding business.
They will also explain what they have been doing to “lessen the effects on your business.”
Spy Optic’s parent Orange 21 got a recent letter from the Nasdaq giving them 180 days to get their stock price up or they will get delisted, according to a release sent out by the company.
