Contact: Thomas B. Olson Phone: (303) 796-8940 Fax: Email: hollanderb@aol.com Website: torpedosports.com

Stock Price Alert: $1.85 on 6/1/02 Symbol: TPDO  Exchange: OTCBB  Industry Sector: Manufacturing Recreation Employees: Approx.100

Torpedo Sports USA, Inc. is a publicly-held company trading on the OTC Bulletin Board under the symbol "TPDO". Privately held until May 2002, Torpedo Sports USA was acquired by e Nutrition, Inc. on May 20, 2002.

Operating through its wholly-owned subsidiary Torpedo Sports, Inc. of Canada, the Company is a manufacturer and distributor of outdoor recreational products for children, such as toboggans, baby sleds, snowboards, skateboards, tricycles and scooters.

Originally founded in 1942, Torpedo Sports' first product was a four-wheel wood wagon for kids. Over the ensuing years, Torpedo developed a wide range of wood products to use more extensively its production facilities and in 1988, added a plastic line and manufacturing facilities to its' wood product line.

Torpedo's plan is to develop, manufacture, market and distribute an innovative line of snow goods, children's wheel goods and children's furniture both within its current product offerings as well as through the introduction of new products. Torpedo is aggressively pursuing additional growth opportunities through further penetration of the United States mass merchant and big box channels of distribution. In addition, Torpedo is seeking to obtain new lender channels to fuel its growth while decreasing its borrowing costs. The Company intends to investigate and execute growth through strategic acquisitions when opportunities are identified.

 

A market leader in many of its product categories, all of Torpedo's products compete in the value-for-money segment of their respective markets and are recognized for their quality manufacturing.

Torpedo Sports' line of winter products includes 5 basic groups: Wood toboggans, wood baby sleds, steel runners sleds, plastic sleds and snowboards. In addition, Torpedo manufactures a line of summer products including skateboards, scooter and tricycles.

Torpedo has an exceptional ability to develop and improve products. The most recent example is a steel-edge snowboard, which was developed internally. Torpedo is able to fix steel-edges to an injection molded plastic board, at a very low cost. This children's snowboard is presently the only one of its' kind allowed in ski stations.

Torpedo operates two plants in the Province of Quebec, Canada. The St - Narcisse plant is equipped for woodworking and metal stamping. As such, this 55,000 square foot facility produces wooden toboggans, wooden baby sleds and steel runner sleds. The Montreal plant is an injection molding facility with 7 large machines with capacity ranging in size from 900 to 1200 tons. This equipment allows the company, using a wide variety of molds, to make most of its plastic products.

Strong commitment to retailers and customer service is a key to Torpedo's marketing strategy. The support to its' extensive retail network includes display materials and brochures, quick delivery, merchandising advice as well as a competitive pricing policy, special seasonal bookings and discounts. An important element of Torpedo's marketing program is its catalogue where each single product is shown together with all the required information. The catalogue is a tool for selling as well as reordering. The catalogue and updates are supported in-house with computers, a photo studio and a lab.

 

Name	Title	Fiscal Year Pay	Biography
Henry Morton	Sales Manager - USA		View Biography
Michael Stanimir	Chief Operating Officer		View Biography
Edward Shake	President		View Biography

2/14/2003 TORPEDO SPORTS TO LAUNCH NEW LICENSED PRODUCTS AT AMERICAN... 12/24/2002 Torpedo Sports Announces First Quarter Financial Results... 12/23/2002 TORPEDO SPORTS SIGNS LICENSING AGREEMENT TO MARKET SNOW...   View all news announcements for this company

52 Week High:	$1.95	Total Shares Outstanding:	10,172,999
52 Week Low:	$0.30	Public Float:	1,200,000 (est)
All time High:	$1.95	Earnings Per Share:	$0.06
All time Low:	$0.30	Book Value:	$0.04

  Torpedo enjoys widespread product distrubution in the United States and Canada with customers including some of the largest hardware, sports specialty, mass merchant and department stores.

  Torpedo's products, recognized for their quality manufacturing, possess solid market share and the Company is a market leader in many of its product categories.

  Torpedo is an established brand name in existence since 1947.

  Torpedo has established manufacturing facilities with a platform for expansion including counter-seasonal product lines.

  With combined experience of over 65 years, Torpedo's senior management is highly experienced in the toy, recreational and sporting goods industries with a vision of becoming a major recreational toy manufacturing company.

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All numbers in Thousands	Fiscal Yr Ends 7/2002	Prior Fiscal Yr Ends 7/2001	Recent Quarter Ends 11/2002
Revenues	$8,209,400	CDN$9,753,109	$3,189,306
Pre-Tax Earnings (Losses)	$96,145	CDN$(415,829)	$304,513
Total Cash	$9,172	CDN$216,259	$57,463
Total Assets	$3,657,640	CDN$4,755,648	$6,445,550
Total Liabilities	$3,592,129	CDN$5,432,198	$6,060,061
Shareholders Equity	$65,511	CDN$(676,550)	$385,489