NEWPORT BEACH, Calif., Oct 26, 2000 — NewBridge Capital Inc.(OTCBB:NBRG)(“NewBridge”) Thursday announced it signed a letter of intent toacquire Annex Distribution (“Annex”), the distributor of Random Snowboards.The proposed acquisition, when completed, will fuel NewBridge’s plan toconsolidate companies in the action sports product market, includingskateboarding, surfing and snowboarding. Annex markets Random Snowboards and related apparel through specialty shops in the United States and 10 foreigncountries.
Annex also sponsors a professional snowboard team as well as managing a youthmembership program. Annex’s current management team and members of its proteam will join a NewBridge subsidiary following the acquisition.
NewBridge’s plan of operation includes identifying operating companies andreal property for acquisition. This business plan focuses on makingacquisitions of or investments in what management considers businesses thatpresent the greatest opportunities for growth and increased shareholdervalue.
NewBridge will seek to expand these businesses and provide financial andmanagement services to such businesses.
CONTACT: NewBridge Capital, Newport Beach Jonathan Small, 949/833-2094 ext.723