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Gander Mountain Chairman Reaffirms His Long-Term Investment Position
ST. PAUL, Minn., August 23, 2007… David Pratt, chairman of the board of Gander Mountain Company (Nasdaq: GMTN), the nation's largest retail network of stores for hunting, fishing, camping, boats, marine, and outdoor lifestyle products and services, today reaffirmed his long-term investment position and involvement in the Company’s operations.
Commenting on a Securities and Exchange Commission registration statement on Form S-3 filed today by the company, Mr. Pratt said that he has no plans to change his investment position with the outdoor retailer or sell any company stock he owns.
An entity managed by Mr. Pratt invested approximately $50 million in the rapidly growing company and Mr. Pratt was elected chairman of the board in December 2006.
The S-3 filing was made today by Gander Mountain to register stock held by two former officers and one current officer of the Company, as well as by the Pratt entity. The Pratt entity’s shares were registered pursuant to the customary registration rights that were granted to the Pratt entity as part of the December 2006 transaction.
“The Company filed the S-3 with the SEC today in order to fulfill its registration rights obligations pursuant to the 2006 investment,” said Mr. Pratt. “I have great confidence in Gander Mountain’s business model and our ability to become the best outdoor retailer in the country. I’m excited about being a part of that success well into the future and have no plans to change my investment position.”
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, boating, camping, 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, boat, 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 “Risk Factors” 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 |
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