CLICK CLACK! Under Armour Becomes an Authorized Supplier of NFL Footwear
August 07 2006 - 11:43AM
PR Newswire (US)
BALTIMORE and NEW YORK, Aug. 7 /PRNewswire-FirstCall/ -- The
National Football League has named Under Armour, Inc.
(NASDAQ:UARM), an authorized supplier of footwear, it was announced
today. The designation, part of a multi-year agreement that also
includes advertising and marketing commitments with NFL Network,
NFL.com and the NFL's broadcast partners, enables Under Armour to
supply NFL players with branded footwear for use during games. In
addition, the company may use NFL and club logos to promote its
footwear products. Under Armour joins Reebok and Nike as authorized
footwear suppliers of the NFL. NFL players may wear any brand of
footwear during games, but must tape over company logos if the
shoes are not provided by authorized NFL footwear suppliers. "We
are pleased to add Under Armour to the select group of companies
that have on-field rights with the NFL," said Roger Goodell, the
NFL's executive vice president and chief operating officer. "We
look forward to working with Under Armour, which is an exciting,
fast growing company with a strong history in football." "This is a
partnership that will officially bring Under Armour's superior
technology to the prestigious main stage that is the National
Football League," said Under Armour Chairman, CEO and President,
Kevin Plank. "This is the pinnacle of on-field authenticity and the
partnership helps accomplish our mission to deliver the very best
performance products to all levels of athletes. Now we have an
official presence on Sundays with the best players in the world to
complement the scores of student athletes wearing our products on
Saturdays and under the Friday night lights." Under Armour, known
as the originator of moisture wicking performance apparel worn by
athletes, launched its first line of footwear -- football cleats
and slides -- during the NFL draft this past April with a major
media campaign entitled CLICK-CLACK(TM), a reference to the sound
cleats make on concrete just before the players step on the field.
NFL players from that campaign include 2006 first-round draft picks
A.J. Hawk (Green Bay Packers) and Vernon Davis (San Francisco
49ers) in addition to Jeremy Bloom, the former Olympic freestyle
skier drafted by the Philadelphia Eagles and veterans Julius Jones
(Dallas Cowboys) and Jonathan Vilma (New York Jets). "We believe
this partnership is the next logical chapter in the Under Armour
brand story," said Plank, a former special teams captain on the
University of Maryland football team who founded Under Armour in
1996. "We're especially proud that our strong financial performance
enables us to make this investment within the budgetary parameters
we have previously outlined for our long-term growth." In addition
to related marketing expenditures, Under Armour has agreed to
provide the NFL with the opportunity to purchase up to 480,000
shares of Under Armour's Class A Common stock in future years at a
price equal to the closing price on the NASDAQ the day before the
agreement was signed in August of 2006. About Under Armour, Inc.
Under Armour(R) (NASDAQ:UARM) is a leading developer, marketer and
distributor of branded performance apparel, footwear and
accessories. The brand's moisture-wicking synthetic fabrications
are engineered in many different designs and styles for wear in
nearly every climate to provide a performance alternative to
traditional natural fiber products. The Company's products are sold
worldwide and worn by professional football, baseball, and soccer
players, as well as athletes in major collegiate and Olympic
sports. The Under Armour European headquarters is located in
Amsterdam's Olympic Stadium, and its global headquarters is located
in Baltimore, MD. For further information, please visit the
Company's website at http://www.underarmour.com/ CONTACTS: Brian
McCarthy, NFL, 212-450-2069, UNDER ARMOUR: Emily Golin, Arnold
Communications, 617-587-8911, DATASOURCE: Under Armour, Inc.
CONTACT: Brian McCarthy of the NFL, +1-212-450-2069, ; or Emily
Golin of Arnold Communications for Under Armour, +1-617-587-8911,
Web site: http://www.underarmour.com/
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