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36 October 17, 2003 THE BUSINESS JOURNAL Growth 50 <br /> 0 Ilt;'"' '4W.'''..:::,-4 Sportech Inc. . k Latddoc <br /> COMPANY El RIPIIO : 'j �;i" <br /> -- Manufacturer of power sports components € .. _. COMPANY£3 Sl;Rl1 3- <br /> ' Generic pharmaceutical manufacti <br /> t EO.Chris Carlson i 3-y f REVENUE t9E $ 2002 REVENUE,: <br /> $6,137,59il <br /> 7' GED.Bruce paddock <br /> 3-YEd R REVS <br /> I GRfl * I GROWTH; <br /> EMPL0VEES:35 # # 2001 I EVEI t#E.$4; ,� EM Lt EE :225 <br /> HEAIIOUEEs:35 Elk; River , ■ Z 0O EVE' tt :.$3,521,336 _____ TER :New dope 73___,____ <br /> Have you needed to seek financing from new or alternate sources in the past year? How did your company raise capital to fund its g <br /> Besides financing from The Bank of Elk River,the city of Elk River assisted with a $20,000 Small Business Association Business Gc <br /> 20,000 square foot facility expansion by applying and receiving a grant from the sonal funds <br /> Minnesota Department of Employment and Economic Development,which in turn <br /> was provided to Sportech as low-interest gap financing to the project. Have you needed to seek financing from new or a <br /> No.Internal cash flow and relationship with U. <br /> What has been the primary driver of your revenue growth? <br /> We have focused on offering products to existing customers and have used some of What are you doing to drive growth, in light of t <br /> the same technology to introduce new products into entirely new markets,such as Research and development more than 20 new. <br /> utility vehicles,motorcycles and personal watercraft. concept to filed abbreviated new drug applicatb <br /> Administration <br /> What are you doing to drive growth, in light of the soft economy? <br /> We have worked hard to establish a clear point of differentiation within our indus Would you ever sell the company? <br /> 4, try We have made great efforts to avoid the"commodity"side of our business, Probably not,unless change in personal health <br /> choosing rather to focus on proprietary products with limited competition. <br /> What are your business plans for the coming yea <br /> What are your business plans for the coming year? Continue to look for small niche bio-equivalent <br /> In the first quarter of 2004 we will be introducing a new line of products into an that both offer weak patent or off patent produc <br /> entirely new,"high-profile, <br /> high-volume"segment of the power sports industry This <br /> market will be new,but our approach will be the same:hot,new products featuring <br /> innovative processes and materials—with clear definition from our competitors. <br /> lF <br /> }.. ,i �"o! 4 CO <br /> _ x <br /> ....i'ir i x credits at 3-t 3 �: <br /> nein aI' expanding high t 0 rt <br /> u� man <br /> b ,�� Z@st den ice£.F <br /> x .� k For <br /> morenfm g <br /> :mode <br /> �+rr <br /> .• an application cont; k <br /> ' x' ; mu <br /> 1,0%1_ 10 South Bodge St eet.Suit <br /> oogfsi-,..r.• Phone.8tl{l i 9 -9 !6I ai.7i <br /> face-to-FACE , , <br /> cIilwi�iwa- i. ,n <br /> • with() <br /> want <br /> mask. <br /> Some business,we can all agree,needs to be done through a mask. <br /> Anything off the field never should be. At USLink we do business Want official bragging rights f� <br /> face-to-face and person-to person-providing quality Local,Long <br /> Distance and Internet game plans. <br /> Order reprints of articles or Top 25 Lists <br /> Every business customer has a personal account executive who takes that feature your company! <br /> the tirr.e to,,n.ie.oron`I hnvi vnnr hncinec<nneratec It'c norenn�l - 100 <br />