In 2006, Royal Robbins sales increased 28% to $32 million, compared to $25 million and $21 million in 2005 and 2004, respectively.
The boards of directors for both companies have unanimously approved the transaction, which is expected to close within the next 30 days, subject to customary closing conditions.
The above description of the sale transaction is qualified in its entirety by reference to the full text of the applicable agreements.
Phoenix intends to file these agreements and as exhibits to its Quarterly Report on Form 10-Q for the fiscal quarter ending June 30, 2007.
Phoenix Footwear Group Inc
marketing@alchempro.com
