TIPPMANN ANNOUNCES RECORD YEAR

02/01/2005

TIPPMANN ANNOUNCES RECORD YEAR

BUFFALO GROVE, IL—FEBRUARY 2005—Tippmann Sports the premier manufacturer of high-performance paintball markers and accessories announces a record year.

Tippmann finished 2004 with its 10th consecutive year of increased paint marker unit sales. “The sales increase was driven by industry growth and expanded account penetration”, said Pat Ehren, VP Sales & Marketing. “We are delighted with this year’s overall results despite an industry-wide slow down in the second half of the year.”

With Tippmann’s significant growth the last five years, company Founder Dennis Tippmann, Sr. decided to recapitalize the company in June 2004. Mr. Tippmann commented “It was time to bring more professional and experienced investors and management into the equation if we wanted to continue the successful track record that the company has enjoyed. The company frankly outgrew a “small company” mode of operation. By partnering with Summit Partners, a large private equity firm headquartered in Boston, and recruiting a seasoned management team, the company now has the foundation to grow to the next level.”

Howard Kosick recently joined Tippmann as President & CEO. Mr. Kosick has held a number of senior management positions in consumer goods and sporting goods companies, including Bell Sports, Arctic Zone and Thermos. While he was at Bell Sports, the company became the market leader in bicycle helmets and accessories during the industry’s high-growth period in the 1990s. According to Mr. Kosick, “Our entire team is poised to take Tippmann Sports to the next level, both through new product development and maximizing the potential of our channels of distribution. 2005 is going to be an exciting year.”

Dennis Tippmann, Sr. will serve on the company's Board of Directors and provide ongoing consultation to the management team as needed.

Dennis Tippmann, Jr. will also serve on the company's Board and continue full-time as Senior Vice President to lead the company's product development efforts. “I’m pleased to be partnered with such a group of talented, forward-thinking individuals. Combine this team with our commitment to quality and breakthrough product innovations and the sky is truly the limit.”, remarked Mr. Tippmann.

Other new members of the senior management team include Patrick Ehren, Vice President of Sales and Marketing, David Price, Vice President of Operations and Lori Sherwood, Chief Financial Officer.

Tippmann Sports, LLC is headquartered in Fort Wayne, Indiana. Tippmann sells its products throughout the world.

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