BRG Sports Reaches Agreement to Sell Easton Cycling

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BRG Sports Reaches Agreement to Sell Easton Cycling to Cycling Industry
Veteran Chris Tutton

BRG Action Sports to continue to focus on growing core product in Giro, Bell &
Blackburn brands

SCOTTS VALLEY, Calif. — April 21, 2014 — BRG Sports, Inc., a leading designer,
developer and marketer of branded sports equipment, protective products and related
accessories, today announced that it has entered into an agreement with cycling
industry veteran Chris Tutton, under which he will acquire the Easton Cycling business.
Tutton has long worked as an independent sales representative for Easton Cycling’s
OEM business and he also owns Race Face Performance Products, a company that
has been designing and manufacturing leading-edge performance cycling components,
clothing, and protection for more than 20 years. The terms of the deal were not
disclosed and it is expected to be completed in the next 60 days.

“We are very pleased that the Easton Cycling unit will be under the leadership of an
accomplished industry veteran and business professional like Chris,” said BRG Sports
Executive Chairman and CEO Terry Lee. “We have enjoyed a long-standing
relationship with him both in business and in our shared passions for cycling, and when
he put forth an attractive offer, we felt the timing was right to proceed with a deal. We
are confident that Chris and his team are the best candidates to create a bright future
for the Easton Cycling brand.”

Recently, BRG sold the Easton Baseball/Softball business to Bauer Performance
Sports. The Company is also continuing to work towards an agreement with a third
party for the sale of Easton Hockey.

BRG Sports’ brand portfolio features market leaders across the sports equipment
industry. Bell is synonymous with protection and progression as the leader in
motorcycle and cycling helmets and accessories. For over 80 years, Riddell has been
the premier designer and developer of football helmet technology and continues to
deliver innovative protective equipment that helps today’s athlete perform at the highest
level. Since creating the first lightweight, high-performance helmets for cycling and
snowsports, Giro has excelled in the design, fit and engineering of products that
complement the body and improve the ride experience. Blackburn looks at things from
the user’s perspective, showing respect for materials and their functionality, while
bringing unprecedented innovation to lights, pumps, bags, racks and other bicycle
accessories.

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