|
Gander Mountain Wins Major Legal Victory:
Company to Enter Catalog and Internet Business
ST. PAUL, Minn., July 11, 2007 — Gander Mountain Company (Nasdaq: GMTN), the nation's largest retail network of stores for hunting, fishing, boating, camping, marine and outdoor lifestyle products and services, today announced that the United States District Court, District of Minnesota, has issued an order granting Gander Mountain a sweeping victory in its long-standing dispute with rival Cabela’s over the right to use certain Gander Mountain trademarks in direct marketing.
Quoting from the Judge’s order, “Gander Mountain is free to use its trademarks in all respects including direct marketing to consumers.”
The order granted Gander Mountain’s motion for summary judgment while denying Cabela’s motion for summary judgment and dismissing Cabela’s counterclaims with prejudice and on the merits. After the court's order has been formally entered, it will be subject to appeal.
“We are now going to accelerate our pace toward becoming the leading multi-channel outdoor retailer in the nation,” said Mark Baker, Gander Mountain president and CEO. “Gander Mountain was the first major catalog company in our industry. We now have the freedom to regain that position, and with our upcoming entry into on-line selling, we have significant new opportunities to leverage the powerful Gander Mountain brand. When you add all that to our expanding network of retail stores, which will stand at 115 stores in 23 states by the end of the year, we believe we are well positioned to become the premier multi-channel outdoor retailer.”
###
About Gander Mountain Company
Gander Mountain Company (Nasdaq: GMTN), headquartered in Saint Paul, Minnesota, is the nation's largest retail network of stores for hunting, fishing, camping, boating, marine and outdoor lifestyle products and services. Since 1960, the Gander Mountain brand has offered an expanding assortment of competitively priced outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, ATV and marine services. The stores feature national, regional and local brands as well as the company's owned brands. Focused on a "We Live Outdoors®" culture, Gander Mountain dedicates itself to creating outdoor memories. There are currently 108 conveniently located Gander Mountain outdoor lifestyle stores in 22 states. For the nearest store location call 800-282-5993 or visit www.GanderMountain.com.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risks and Factors Affecting Current and Future Results" section of the company's Annual Report on Form 10-K for fiscal 2006 and other required reports, as filed with the SEC, which are available at www.GanderMountain.com and at the SEC's website at www.sec.gov.
Contact:
Gander Mountain
651-325-4300
investorrelations@gandermountain.com |
.gif)
