Brock International, Inc. Announces Restructuring
ATLANTA, GA--Jan. 8, 1997--Brock International, Inc. (NASDAQ/NMS:BROC) announced today that it expects to report
an operating loss exceeding $2 million for the fourth quarter of 1996, and is restructuring operations to restore profitability
during 1997. Strategic changes and staff reductions will result in a one- time restructuring charge, in an amount to be
disclosed when the company announces final results for the fourth quarter and 1996. This announcement is planned for
February 10, 1997. New President & CEO, Doug MacIntyre, will announce new business strategies at that time.
CONTACT: Brock International, Inc. Judi Vitale, Director of Finance, 770-431-1200
Bullet Sports International Inc. makes announcement
SANTA ANA, Calif.--Jan. 8, 1997--Bullet Sports International Inc. (NASDAQ Small Cap:PARR) Wednesday reported that
its continuing efforts to obtain outside financing for its golf equipment business, previously disclosed by the company as
critical to its business, had not been successful, and that the board of directors of its wholly owned and principal operating
subsidiary, Bullet-Cougar Golf Corp. (Bullet-Cougar), in a special meeting held Jan. 8, had authorized management of
Bullet-Cougar to seek relief by filing a voluntary petition for reorganization of Bullet-Cougar's affairs under Chapter 11 of
the National Bankruptcy Act.
The filing is expected to occur within a matter of days. Bullet Sports International has headquarters in Santa Ana. The
company's principal operating subsidiary, Bullet-Cougar Golf Corp. is a full-line manufacturer and distributor of golf
equipment and accessories, which include clubs, bags and golf balls.
CONTACT: Cohn & Wolfe Public Relations Deborah Smith, 310/226-3087