Canoga Park, Calif.– June 28, 2002) — Sportinc Corporation is very pleased to announce its formation as a global manufacturer and wholesaler of branded snowboards and a diverse assortment of sporting goods.

Sportinc was created through the acquisition of the assets from Jaysport International Inc. Sportinc is a wholly owned subsidiary of E & S International Enterprises, Inc. (“ESI) All domestic and international sales are handled through Sportinc’s head office in Canoga Park, CA. Canadian distribution is handled through the Sportinc office in Toronto, Canada and EU distribution is handled through the Sportinc office in France. Sportinc is the sporting goods subsidiary for ESI and will utilize the strong capital resources of ESI and its efficient logistical operations.

Sportinc is a leading designer, manufacturer and distributor of four brands of snowboards and related accessories. In addition, the company has established a profitable niche in the purchase and sale of off-price and clearance sporting goods merchandise, such as exercise equipment, bicycles, golf equipment, scooters, footwear and other related sports accessories.

The founder of Jaysport, Jay Joffe, has been hired as the President of Sportinc. Jay has a great deal of experience in the snowboard industry and has great relationships with sporting goods retailers across North America. Jay founded Jaysport in 1994 and was one of the founders of Ride Snowboards, which became the first public snowboard company and remains one of the top industry brands. The synergies created by the formation of Sportinc are expected to dramatically increase the revenue and profitability of the business through reduced expenses and the leveraging of ESI’s customer base.

According to Jay, “My trusted and talented team and I have enthusiastically embraced this acquisition because we feel that the new Sportinc, operating as the sporting goods division of ESI, can provide even greater service, support and satisfaction to our valued customers. In fact, we are now much better positioned to exceed our customers’ expectations in terms of the quality, diversity and value of the sporting goods products we offer.

The four primary snowboard brands that Sportinc distributes are: Atlantis, a top line professional snowboard line; Type A, a premium line sold to specialty shops; Division 23, a premium line sold to both specialty shops and larger regional and national sporting goods retailers; and Kemper, a high quality, high value line distributed through mass market retailers. All brands are complemented by a full line of boots and bindings, as well as special apparel items.

About ESI – E&S International Enterprises Inc. (“ESI) http://www.esintl.com/ is a privately held global sales organization. Founded in 1945, ESI has maintained its position as a leading supplier of consumer electronics and appliances to its customers worldwide. ESI supplies large national and regional retailers, independent distributors and smaller independent retailers. In 1979, ESI broke ground with its first subsidiary in the United States. Since then, ESI has expanded its customer base through global trade by importing products to the United States from countries such as Japan, Singapore and Hong Kong and exporting to Europe, Far East, South America and Mexico.

The success of ESI has grown from its direct and focused relationships with its customers. In addition to its charter divisions, Electronics and Appliances, ESI has added four new divisions: Computers, Cellular Products, Security Products and Sporting Goods. Several new upcoming divisions include Hardware, Toys and Clothing. ESI’s multiple product strategy has positioned itself to take advantage of new opportunities around the world, as well as support long-term global growth.