TORONTO, April 20, 2009 (GLOBE NEWSWIRE) -- Element 21 Sports Company (OTCBB:ETGF) (Frankfurt:BJQ), the leading manufacturer of advanced Scandium Alloy golf and biofiber fishing equipment, announced today that Element 21 fishing rods distribution has doubled in the last 6 months to over 860 storefronts.
The 860 storefronts that sell Element 21 Carrot Stix(tm) fishing rods include Big Box stores -- Bass Pro, Cabelas, Academy, West Marine, Sportsman's Warehouse, Gander Mountain; and Distributors -- Big Rock, Farris Brothers, Pitman Creek, Patches, Bishop, Hicks and Sports Supply.
"The sharp growth in the number of the retail locations is reflected in the revenue numbers, with the third quarter showing the best sales numbers in Element 21's history," said Nataliya Hearn, CEO of Element 21.
About Element 21
Element 21 Sports Company's premier products are golf clubs (www.e21golf.com) and fishing poles made out of Scandium and biofiber materials, which are lighter and stronger than Titanium, Graphite and Steel. Element 21's golf clubs have been used by renowned golf pros, such as the winner of the FedEx Cup in 2008.
Element 21 Sports Company has developed award winning fishing products (www.e21fishing.com). Element 21's Carrot Stix(tm) represents the latest in cutting edge technology, using a newly developed proprietary method of integrating nano level cellulose bio-fibers into the rod. The fishing products recently were recognized as the "BEST OF SHOW" at the 2007 and 2008 ICAST show, the world's largest sports fishing show.
Element 21 Golf Company's revenue has been growing at an annualized growth rate of 343.3% and 705.5% for fiscal year 2006 and 2007, respectively. The three year average growth rate for the recent past is 203.9%. (www.e21sports.com)
Forward-Looking Statements
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively.