Collegiate Pacific Pursues Bike Athletic Acquisition

Business Wire, Nov 26, 2002

Business Editors

DALLAS--(BUSINESS WIRE)--Nov. 26, 2002

Collegiate Pacific (Amex:BOO) today stated that it is reviewing the Bike Athletic Company as a potential acquisition. Bike Athletics is a 128 year old company with annual revenues of approximately $45 million and is currently operating in Chapter 11 bankruptcy. Collegiate Pacific is generally recognized as the nations fastest growing participant in the sporting goods industry and recently reported record revenues and earnings for it's year ended period.

Michael Blumenfeld, CEO of Collegiate Pacific, stated "Bike Athletics meets our primary acquisition criteria which is an established name brand, widely acceptable products and a strong dealer network. Current management seems to be well focused on returning the company to it's historic level of profitability and we believe that under the Collegiate umbrella that this process can be accelerated and expanded. The combination of Bike and Collegiate Pacific would create a formidable international operation from which to continue our expansion.

"The success of this proposed acquisition remains contingent on the timely receipt and review of requested operating data, completion of due diligence, financing and the acceptance of any proposal by the unsecured creditors committee, other appropriate parties and the court."

Collegiate Pacific is the nation's fastest growing manufacturer and supplier of sports equipment primarily to the institutional markets. The Company offers more than 3,200 products to 35,000 existing customers.

This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and is subject to the safe-harbor created by that section. The Company's actual results may differ from the results discussed in any forward-looking statements.