C.A.S. Sports Signs Deal to Sell Marvel Comics Skateboards

"We are delighted to expand our relationship with Marvel," said Robert Marcovitch, C.A.S. president. "We believe that our use of such Marvel characters as X-Men, Spider-Man and The Incredible Hulk on skateboard products will enable C.A.S. to capitalize on the strong growth of the skateboard market.* We also see this agreement as a tremendous opportunity for C.A.S. to broaden its distribution to include toy retail channels as well as mass merchants,"* he added.

"The Marvel snowboard program with C.A.S. has already proven a success, so we are very pleased to work with C.A.S. to bring the Marvel character library to the growing skateboard market," said Ross Misher, Licensing Director, Marvel Entertainment Group. "We believe that the Marvel characters provide a natural fit with the demographics and attitudes of the skateboard consumer, and we are confident that our partnership with C.A.S. will prove to be mutually beneficial."

"Ride is very excited to see this development in the relationship between C.A.S. and Marvel," said Gerald B. Wasserman, Ride chief executive officer. "In addition to positioning C.A.S. to penetrate the growing skateboard market, we are pleased to be expanding a product line that is contra-seasonal to Ride's core snowboard business."*

A unit of Ride, Inc., C.A.S. is a global sporting goods sales, marketing and project management company. Marvel Characters is a subsidiary of Marvel Entertainment Group, a diversified youth entertainment company. Marvel's stable of popular properties includes the Spider-Man and X-Men characters in top-rated televisions series as well as The Incredible Hulk, Fantastic Four and Iron Man characters in comic books, trading cards, video games, action figures and other consumer products.

Denotes a forward looking statement. To the extent that this press release discusses financial projections, information or expectations about the Company's products or markets, or otherwise makes statements about the future, such statements are forward looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the timely availability and acceptance of new products, the Company's dependence on outside manufacturers, the management of growth and the other risks detailed in the Company's reports on Forms 10-K and 10-Q, including the Form 10-K filed for the year ended December 31, 1995.