CB Capital provides the experience with private and strategic investors specific to our industry.
Newport Beach, CA (PRWEB) April 27, 2010
Freeline Sports, Inc. (http://www.freelineskates.com) announced today that it has retained the services of CB Capital Partners, Inc. (http://www.cbcapital.com) of Newport Beach CA. Renee Tuzee, CEO, Freeline Sports, Inc. stated, “CB Capital Partners, Inc. is retained as Freeline Sports, Inc.’s exclusive Investment Banking Firm for the purpose of raising investment capital to fund our growth as an emerging new action sports lifestyle brand.” “CB Capital provides the experience with private and strategic investors specific to our industry,” said Ms. Tuzee.
In late 2005, Freeline Sports successfully launched its first action sports product, the Freeline® OG™ skates, cutting-edge sideways skates that allow riders to emulate the carving motion on land similar to snowboarding and surfing and ride bowls and do tricks like skateboarding. The performance differences between Freeline skates and skateboards are like those of a motorcycle and a car – with a single row of wheels, you can lean into and accelerate out of turns faster, achieve greater agility and maneuverability and experience unsurpassed thrills. The entry-level Freeline Grom™ skates, and a line of accessories and soft goods, were introduced in late 2009. Two new skate models plus footwear are slated to launch in the months ahead.
According to Wayne Lourenco, Executive Managing Director, Global Capital Markets, CB Capital Partners, “Freeline Sports is poised to experience dramatic growth in the global action sports market.” “We believe Freeline Sports and CB Capital’s investor network will both benefit greatly from our partnership,” said Mr. Lourenco.
Freeline Sports has sold more than 30,000 pairs of its original OG skates globally since its inception and sells its products through distributors, sporting good retail chains and specialty skate, surf and snow shops throughout the U.S., Europe, Asia and Latin America.
"We are impressed with the Freeline Sports management team and see the Company as an emerging leader in the rapidly growing action sports market," said Chris Baclawski, CEO of CB Capital Partners, Inc. "We are pleased to be assisting them with their capital formation to fund their growth objectives."
About Freeline Sports, Inc.
Founded in 2003, Freeline Sports, Inc. is a company based on the revolutionary Freeline Skates developed by Ryan Farrelly, an avid skateboarder, surfer and snowboarder. Headquartered in Southern California, Freeline Sports, Inc. has distributors and riders in major markets around the world. For more information on Freeline Sports, Inc. and its products, please visit http://www.freelineskates.com/FREELINE/website/Press.aspx for press information or call 877-RIP-IT-UP.
About CB Capital Partners, Inc.
CB Capital Partners Inc. is a full-service investment-banking and financial advisory firm headquartered in Newport Beach, California. CB Capital Partners specializes in customized financial advisory assignments including capital raising, debt placements, strategic and financial partnerships, and mergers and acquisitions transactions. Visit http://www.cbcapital.com/contact/index.htm for contact information.
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