Sims Appoints Kornberg Chief Operating Officer, Accounces $2.5 Million Financing Commitment.
2/25/99

(February 23, 1999) Sims Sports, Inc. today announced that it has appointed Micah Kornberg to the position of Chief Operating Officer. Kornberg previously held the position of Vice President of Finance and Administration at Sims. In conjunction with his appointment, Sims also announced that a leading shareholder, Wyndcrest Partners, has committed an additional 2.5-million dollars to the company.

"We are extremely pleased to elevate Micah to this position," said Sims founder Tom Sims. "Since he joined Sims in 1998, Micah has been instrumental in stream-lining the company's operation, allowing us to sharpen our focus on product engineering and development and to improve our level of customer service."

With Kornberg's industry experience and finance background, Sims possesses one of the most experienced and established management teams in the snowboard industry. "Being part of the Sims team has been an incredible experience," said Kornberg. "Sims has never been stronger. Many of the changes we implemented in 1998 from continued product innovation to greater responsiveness in customer service have resulted in increased demand for Sims product. These changes are clearly paying off, and we expect our retailers to realize the full benefit of these changes this year," he said. Looking to the future, Kornberg added, "we have a number of exciting projects under development and there are some very positive announcements to come."

Sims simultaneously announced that a leading shareholder, Wyndcrest Partners, has committed an additional 2.5-million dollars to the company. Wyndcrest President John Textor said, "we remain 100-percent committed to Tom Sims and the Sims brand. We are equally confident in Micah and the Sims management team's ability to successfully grow the brand and continue the positive momentum that Sims is enjoying.

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