Option-NFA Inc. (“Option”) is pleased to announce record order bookings for the company’s NFA branded Spring 2002 streetwear line.
Spring 2002 bookings are up 30% to $1,381,000 from $1,064,000 for 2001.
Spring streetwear consists of youth oriented lifestyle clothing aimed primarily at the skateboard market. The exposure the company gets through its top ranked Pro Skaters and increased advertising and marketing efforts has paid off in the form of a four-fold increase in bookings over two years..
The company continues to gain ground beyond Canada with orders from Europe increasing by 300% compared to last year and with the addition of distributors in six new countries. Similarly, orders from US customers are up 175%.
Orders booked in the fall of 2001 will be shipped in the first quarter of 2002 and are recorded as sales at that time. Cash from these sales is particularly significant because it comes at a time when the company’s larger snowboard lines require cash to finance the buildup of inventories.
About Option-NFA Inc.Option-NFA is a Vancouver based manufacturer and designer of hard goods and clothing for the snowboard and skateboard markets. The Company has sales offices in Europe, Asia, Australia and North America and its products are endorsed by an elite team of high profile professional snowboarders and skateboarders from around the world. The Company went public in 1999 and trades on the Canadian Venture Exchange (CDNX) under the symbol OPN.