Mr. Robert Budd, the Company's CEO stated, “Despite general retail sales being weak across the board, we are not at all pleased with our second quarter sales volume. Some portion of the decrease is based on the seasonal nature of our business which is historically strong the last six months of the year."
"We continue to view the overall decrease in sales as not being indicative of future sales growth potential as our fall bookings remain strong, as are comments we are receiving on our Spring '08 line. Additionally, we are reviewing several new opportunities to diversify sales into new distribution channels.”