PORTLAND, Ore., Aug. 7 /PRNewswire-FirstCall/ -- LaCrosse Footwear, Inc. (Nasdaq/NMS: BOOT), a leading provider of branded work and outdoor footwear, announced today that its Danner(R) subsidiary has been awarded an Indefinite Delivery/Indefinite Quantity contract to produce the Mountain Cold Weather Boot specially designed for the United States Marine Corps (USMC).
The USMC awarded Danner Boots a five-year contract (one-year base period and four-option years) to produce a minimum boot quantity of 500 to a maximum quantity of 40,000 boots over the life of the contract. The contract total is for a minimum $75,000 and a maximum $6 million. The Mountain Cold Weather Boot will be manufactured in the Company's ISO 9002 certified manufacturing facility located in Portland, Oregon.
"We are very proud to service the United States Marine Corps with our exceptional Danner Boots to aid the men and women that serve our country," said Joseph P. Schneider, CEO of LaCrosse Footwear. "Danner has 74-years of experience crafting the finest boots that are built for quality, endurance and performance. On behalf of LaCrosse Footwear, we are proud to work with an organization such as the United States Marine Corps, and salute their dedication to keeping our country safe."
About LaCrosse Footwear
LaCrosse Footwear is a leading developer and marketer of branded, premium and innovative footwear for expert work and outdoor users. The Company's trusted Danner(R) and LaCrosse(R) brands are distributed domestically through a nationwide network of specialty retailers and distributors, and internationally through distributors in Asia and Europe. Work customers include people in law enforcement, agriculture, firefighting, construction, industry, military services and other occupations that need high-performance and protective footwear as a critical tool for the job. Outdoor customers include people active in hunting, outdoor cross training, hiking and other outdoor recreational activities. For more information about LaCrosse Footwear products, please visit our Internet websites at http://www.lacrossefootwear.com/, http://www.danner.com/, http://www.firetechboots.com/ and http://www.lacrossesafety.com/. For additional investor information, see our corporate website at http://www.lacrossefootwearinc.com/.
Forward-Looking Statements
All statements, other than statements of historical facts, included in this release, including without limitation, statements regarding our future financial position, business strategy, budgets, projected costs, goals and plans and objectives of management for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," will," "expect," "intend," "estimate," "anticipate," "project," "believe," "continue," or "target" or the negative thereof or variations thereon or similar terminology. All forward-looking statements made in this release are based on information presently available to our management. Although we believe that the expectations reflected in forward-looking statements have a reasonable basis, we can give no assurance that these expectations will prove to be correct. Forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed in or implied by the statements. These risks and uncertainties include, but are not limited to:
-- Potential problems or delays associated with the manufacture,
transportation and delivery of foreign-sourced products, primarily
in China.
-- Difficulties with accurate forecasting and controlling inventory
levels, particularly for foreign sourced products with longer
manufacturing lead times.
-- Reliance on foreign-sourced products and concentrations of currency,
labor, and political risks, primarily in China.
-- Concentration of credit risk as our retail channel customers
continue to consolidate and fund expansion of store growth.
-- Weather and its impact on the demand for outdoor footwear.
-- Product offerings that do not create customer demand.
-- Fluctuations in operating results for the second half of the year,
which would have a disproportionate effect on our overall financial
condition and results of operations for the entire year due to
increased seasonality.
-- General domestic economic conditions, including interest rates and
foreign currency exchange rates.
-- Consumer confidence, unemployment rates and related demand for
footwear, including work and outdoor footwear.
-- Restrictions imposed under United States and/or foreign trading
rules, regulations and policies, including export/import
regulations, duties, and regulations affecting manufacturers and/or
importers.
-- Commodity price increases, including rubber and petroleum, which
affect transportation costs, footwear component costs, and
ultimately product costs.
You should consider these important factors in evaluating any statement contained in this release and/or made by us or on our behalf. For more information concerning these factors and other risks and uncertainties that could materially affect our consolidated financial results, please refer to Part I, Item 1A -- Risk Factors, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2005, which information is incorporated herein by reference. The Company undertakes no obligation to update or revise forward-looking statements to reflect the occurrence of future events or circumstances.
