According to today's news release, Execute Sports Inc. (OTCBB: EXCS) was able to accomplish much more "sales wise" in Q2 '07 with one, that's right ONE business segment - than it did in any one quarter of its prior operating history.

Please keep in mind that while EXCS recorded Q2 sales exceeding $800K, a 77% increase over Q2 '06 - the company is now fully focused on watersports, whereas the past saw multiple business segments/revenue streams (snowboarding, wakeskating, wakeboarding, athletic shoes, and more) generate sales, at least to some extent.

So apparently - bringing on the Michael Jordan of the wetsuit world was a slam dunk. I'd say so. Divesting a bunch of resource intensive business segments is proving to be a pretty slick move too. Check out EXCS's filing on 7/2 and today's release - things are shaping up. In a major way!

A quick peek at the company's Income Statement shows that the bottom line is improving dramatically on a quarter-over-quarter basis and news out today states that 1st half 2007 sales ($1.4M) are up more than 55% over the corresponding period of '06. Hows that for an improvement?

Tired of listening to me? Here's the CEO's take:

``All of our numbers are up from one year ago. We are now concentrating on selling through our current inventory to reach the highest sales figures we have ever had. We also expect to receive orders for Fall delivery which would thrust our sales numbers into all-time highs.''(CEO Geno Apicella)

Labels: Execute Sports, Execute Sports Inc.