After taking the company public in 2005, Geno Apicella, CEO of Execute Sports (OTCBB: EXCS), has seen a consistent increase in company revenue. However, the second quarter of 2007 has become the largest second quarter in the history of the company, exceeding the same quarter in 2006 by a whopping 77 percent.Sales exceeded $800,000 during the second quarter, and sales from the first two quarters of 2007 have reached $1.36 million, an increase of more than 55 percent over the same period in 2006.
< In a press release, Apicella said all the company's numbers are up from a year ago, which is a representation of the total team effort put forth at EXCS. "We are very pleased with the results from the second quarter," Apicella commented. "The increase in sales is a direct result from on-time shipping, quality of product and the hard work of our entire sales team." EXCS produces and distributes water sports products from entry level all the way through to upper level products consisting of wetsuits, life vests, rash guards, wakeskates, spray tops, dry tops and an assortment of accessories. The company markets these products under the brand name Execute and Rapids. The company's vests and wetsuits are approved by the U.S. Coast Guard and designed for action water sports. On Monday's news of record sales, EXCS stock rose over 47 percent, opening at $0.027 Tuesday morning.
