DENVER, Colo.–July 13, 1999–Bolle Inc., (Nasdaq: BEYE) today announced that it has signed an exclusive design and OEM manufacturing agreement with Nike Inc., (Nasdaq: NKE), to provide a line of goggles for snow sports under the Nike brand name. The line will debut with the trade in the Spring of 2000 and will be rolled-out for retail introduction later that year. Under the terms of the agreement, Bolle will provide for both propriety technology and manufacturing capabilities for the product line. Financial terms of the agreement were not disclosed.
Gary Kiedaisch, President and Chief Executive Officer of Bolle Inc. commented, “We are extremely pleased about forming a business affiliation with Nike, one of the world’s preeminent sports brands. Nike’s selection of Bolle to develop this new product line was due to the Company’s OEM capabilities, state-of- the-art technology and extensive expertise in the area of polarized lenses. We look forward to working with them on this, particularly as Nike has a premium global distribution network.”
Bolle Inc. (Nasdaq: BEYE), is a vertically integrated designer, manufacturer and marketer of Bolle(R) branded eyewear, including Bolle(R) premium sunglasses, goggles, and tactical and safety eyewear. Bolle Inc. is also the exclusive North American distributor of the Reusch line of winter gloves for sports.