Euromark plans to consolidate adventure clothes sector

Subscription for shares will be between September 13-15. "From the issue of B series shares we plan to raise zl.37.6 million. The funds will be used on development and working capital of the Alpinus brand (zl.8 million), development of retail and franchise outlets of Planet Outdoor (zl.10.1 million), working capital for Stir Crazy (zl.3 million), opening a representative office in Ukraine (zl.1.5 million) and takeovers (zl.15 million)," revealed Euromark's president, Tim Roberts.Apart the funds raised from the floor, the company will also make use of own funds and loans. Company representatives announced that they plan to consolidate the outdoor adventure sports sector market through acquisitions.In the accounting year ending February 2006 the concern posted a net profit of zl.8.1 million on revenues of zl.82.4 million. (Puls Biznesu, pp. 1, 12) A.K.