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I pulled this off the wire today. The way I read this is there has been no purchase of Ross Archery, however, sounds like Andy Ross will be influencing some promotion of new BowTech models. Clarification To Ross News Release Dated July 19, 2008 Eugene, Oregon- 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.
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