Cleveland, OH (PRWEB) March 1, 2008
FIT Technologies announced today that it has purchased Campus Outfitters Group, LLC, a retailer of K-12 school uniforms from Varsity Group, Inc. Campus Outfitters was a subsidiary of Varsity Group, Inc. (NasdaqCM: VSTY), a provider of online textbook sales and services to educational institutions.
Campus Outfitters provides uniforms and accessories to over 300 schools through their retail stores and ecommerce website. The company operates eight retail stores with locations in Ohio, Indiana, Michigan, Texas, New York, Maryland and North Carolina. Campus Outfitters' main offices and warehouse are currently located in College Park, Maryland. Campus Outfitters will be part of the SchoolOne division, servicing K-12 school clients.
"As the IT service partner for Campus Outfitters since 2006, we have gained a solid understanding of the business and believe it has substantial growth opportunities," said Micki Tubbs, President & CEO of FIT Technologies. "It is a great brand with dedicated staff and a strong market presence. Our management, IT, and ecommerce expertise, combined with the strengths of Campus Outfitters, will enable us to effectively serve current customers and grow the business", noted Tubbs. With revenues of $6.7 million in 2007 and an anticipated growth to $7.5 million in 2008, Campus Outfitters is a good fit with FIT's business model.
About FIT Technologies:
Fit Technologies is a Cleveland-based IT services firm providing technology solutions to K-12 schools and corporations. Micki Tubbs and Michelle Tomallo founded SchoolOne in 1999. The company specializes in network services, application development, managed IT services, Help Desk and Level I support. FIT Technologies has grown to 120 employees during the past eight years and currently serves clients in Ohio, Michigan, Pennsylvania, Arizona, California, Colorado, Florida, Maryland, and Virginia. The legal entity is SchoolOne.com, LLC doing business as FIT Technologies.
For more information, visit http://www.FITtechnologies.net.
About Varsity Group:
Varsity Group Inc. is an outsource solution provider to education institutions nationwide. Under the brand Varsity Books, Varsity Group provides solutions that enable schools to focus on their core educational mission. Varsity Group's solutions include online textbooks and school supplies.
If you would like more information about this release, or would like to schedule an interview with Micki Tubbs, contact:
SSchmidt @ FITtechnologies.net