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Kingman

Raven

 

Kingman purchases majority share of Raven USA
PRESS RELEASE

A Perfect Match: Kingman International Corp. purchases majority share
of Raven USA

PITTSBURGH, PA  Saturday, August 5th, 2000 - Arthur Chang, Founder
and CEO of Kingman International Corp. announced today that he has
acquired a majority share of Raven USA for an undisclosed sum. The former
Raven USA, LLC will now be known as Raven USA, Inc with Arthur Chang as its CEO.

" Kingman has been an admirer of Ravenís creative depth, imagination,and innovation since they first entered the paintball market.  We are very excited about this strategic merger and itís implications", said Arthur Chang.

Both companies have been charting aggressive, although stealth, expansion plans in and outside of paintball. As the two companies shared with one another their visions for the future, it quickly became apparent that this level of partnership would indeed be a perfect complimentary match. The acquisition paves the way for the two companies to accelerate their business strategies in several key directions.

 "After thoughtful consideration of our mutual aspirations we are 100%
certain that this move puts Raven at an even greater advantage competitively and will yield exciting new benefits for our customers. Our creative team is most proud to be working so closely with such a visionary individual as Arthur Chang. He intuitively knows how to do things right", said Josh Cranford of Raven.

The entire Raven creative and marketing group (including the companyís
founders and shareholders Josh Cranford and Brandon Visel) will remain
intact and continue to operate out of Ventura, California.  Shipping and
most operational functions will move to Kingmanís newly built office/warehouse facility in Baldwin Park, California.

Maintaining Ravenís reputation for creative intensity, elite branding, and superior quality products will be of the utmost priority, including the U.S. made NUVIS protective vision system line-up.

The transition should be seamless for dealer/distributor purchasing and
fulfillment, with no interruption in service. Raven sponsorships will as well remain unchanged.
 

www.kingmanusa.com
www.raven-paintball.com
 
 
 
 


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