02:46:36 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



SWMBRD Sports Inc
Symbol SWIM
Shares Issued 82,457,000
Close 2023-07-18 C$ 0.03
Market Cap C$ 2,473,710
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SWMBRD Sports appoints Riptide Sales Group as sales rep

2023-07-19 11:21 ET - News Release

Mr. Justin Schroenn reports

SWMBRD APPOINTS POLLOCK SALES GROUP INC. DBA RIPTIDE SALES GROUP AS NON-EXCLUSIVE UNITED STATES AND CARIBBEAN SALES REPRESENTATIVE

SWMBRD Sports Inc. has approved the appointment of Pollock Sales Group Inc., doing business as Riptide Sales Group, as its non-exclusive sales representative in the United States and the Caribbean. Riptide will be engaged for a period of twelve months, commencing September 1, 2023, to market and sell the Company's propriety swimboard (the SWMBRD) and related products to 1,450 retail Dive Stores in the USA and Caribbean. The Company will pay Riptide a monthly merchandising fee of $500.00 and a sales commission of 13%, based on the sales report provided by the Company each month for the prior month's sales.

About Riptide Sales Group:

Dave Pollock, Riptide's President, is the former General Manager of Mares S.p.A. ( www.mares.com/en/ ), one of the world's most iconic scuba brands, and is the former Vice President of Head Sport GmbH ( https://www.head.com/en_US/ ). Riptide is a sales and marketing organization specializing in selling into the retail scuba diving market sector. Riptide represents scuba and other aquatic products to more than 1,450 brick-and-mortar dive stores in the USA and Caribbean. Riptide is a prominent exhibitor at the World's largest Dealer-only Dive Industry Tradeshow, DEMA.

SWMBRD President, Justin Schroenn commented, "We are very pleased to have concluded this sales representative agreement with Riptide to introduce SWMBRD to the important USA and Caribbean markets. SWMBRD's clear synergy with snorkelling, spearfishing and other related aquatic activities makes this relationship a perfect fit, and the opportunity for increasing consumer awareness of SWMBRD in key markets is significant. This step is part of the Company's global strategy of growing the SWMBRD brand through strategic geographical partnerships, including licensing, distribution, and sales representation agreements."

Riptide President, Dave Pollock commented, "My team and I look forward to introducing SWMBRD into the dive industry. New products and innovation are key to keeping a market sector vibrant. Scuba diving requires in-store and open-water training to become a certified diver. This is why we feel that divers will be attracted to SWMBRD, as SWMBRD also requires a short training session to become competent. Divers understand the importance of training or lessons and are open to learning how to use new cutting-edge products. We are excited about the opportunity to work with SWMBRD and its enthusiastic team."

About SWMBRD Sports:

SWMBRD Sports Inc. is a Vancouver, B.C.-based sporting goods company looking to enable millions to rethink their way of recreating in the water. Management believes that SWMBRD's proprietary aquatic sports board, by virtue of its patented design, is revolutionary in how it empowers the human body in the water like nothing before, giving water lovers of all ages and abilities the freedom to explore all aquatic environments with ease. By offering an aquatic board sport that is versatile, easy to use, easy to store, and which can be used by all ages and body types in any body of water (rivers, oceans, lakes and pools), the Company believes SWMBRD and the sport of swimboarding has the potential to become one of the most popular board sports in the world and a tremendous aquatic brand. The Company has refined manufacturing techniques most relevant to the SWMBRD and has successfully produced demonstration fleets of fully functioning boards, which have been in rigorous real-world use in Hawaii, Canada, Turkey and Greece. The Company has now commenced large-scale mass production under an OEM agreement with Tahe Outdoors, Vannes, France - the preeminent board sport manufacturer in Europe.

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