CLARIFICATION TO ROSS NEWS RELEASE DATED JULY 19, 2008

Discussion in 'Bowhunting Talk' started by Justin, Aug 26, 2008.

  1. Justin

    Justin Administrator

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    Interesting news!

    Eugene, OR (August 26, 2008) Contrary to our prior announcement, BowTech was unable to consummate a proposed asset purchase agreement with Ross Archery, Inc. BowTech has not purchased or acquired any Ross Archery, Inc. product designs, equipment or inventories. BowTech has not assumed any of Ross Archery, Inc.'s liabilities.

    However, BowTech is pleased to confirm that Andy Ross, the founder of Ross Archery, is assisting BowTech in the promotion of a new line of bows designed and produced by BowTech. BowTech's R&D team has designed the new line of bows to feature the benefits of solid reliability and extreme accuracy; qualities that translate to immediate gratification for the demands of today's passionate bowhunter.

    BowTech manufactures and distributes the world's finest compound bows and archery equipment. Founded in 1999, BowTech's corporate offices and manufacturing facilities are located in Eugene, Oregon. With a worldwide distribution network, BowTech's family of brands include: BowTech, Diamond and Ross compound bows, Octane archery accessories, Stryker crossbows, Airow Gun and WaterDog Surface Technologies. BowTech is a wholly owned subsidiary of Savage Sports Corporation, located in Westfield. MA. Savage brands include Savage Arms, Stevens, Fox, Savage (Canada), Savage Range Systems and PortaTarget.

    © 2008 BowTech
     
  2. SevenMag

    SevenMag Die Hard Bowhunter

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    they bought the name and that's it... pretty clear to me
     
  3. Germ

    Germ Legendary Woodsman

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    Here let me help, if you own a ROSS that was made by ROSS, Bend OVER:hater:
     
  4. SevenMag

    SevenMag Die Hard Bowhunter

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    wow, that's a bit harsh, I don't expect my 334 to be a problem at all... though I think it may be time to jump ship before its worthless... ;) Elite Z28 maybe?? hehe
     
  5. in da woods

    in da woods Grizzled Veteran

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    my buddy is a prostaffer for G5. He said that G5 has filed a claim against Ross. G5 was making parts or the whole bow ( I can't remember which specifically) for Ross. Ross allegedly defaulted on paying G5 & owes them some real big coin. In their contract w/Ross, it basically said that if Ross failed on payments, G5 gets the inventory of bows. That inventory includes what G5 has, Ross has, and stores. Hence G5's new bow line is born. They changed the name from Ross. I guess he also allegedly owes quite a bit in back taxes also. My buddy is getting one of those rigs to field test in the very near future.
     
  6. mobow

    mobow Die Hard Bowhunter

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    Yeah, I just wish someone would step up and clear the air already. We have absolutely NO idea what to tell our customers, and it's making us look like a horse's ass.....I guess the best thing to do at this point would be to just drop them.
     

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