Slinger Bag Inc.
Racquet Sports Industry Magazine Recognizes Slinger CEO Mike Ballardie as Business Executive of the Year
Named to the 2021 ‘Champions of Tennis’ awards list, Ballardie has led Slinger’s impressive revenue growth and three recent technology acquisitions
BALTIMORE, Dec. 16, 2021 (GLOBE NEWSWIRE) — Slinger® (OTCQB: SLBG), a leading connected sports technology company, today announced that its CEO, Mike Ballardie, has been named ‘Business Executive of the Year’ for 2021 by Racquet Sports Industry magazine, with a feature in the publication’s January 2022 issue. Over the past 12 months, Ballardie has led Slinger through a time of growth reflected in the company’s sales results, and driven acquisitions of PlaySight Interactive, GAMEFACE.AI and Foundation Tennis, laying the foundation for the evolution into a disruptive and innovative connected sports company.
The magazine’s 21st annual “Champions of Tennis Awards” list honors the people, businesses and organizations dedicated to improving the sport and business of tennis. “Mike’s leadership throughout this year of growth for Slinger is not only fueling the company’s future but has also helped to inspire and connect tennis players and our industry in new ways,” said Racquet Sports Industry Editor Peter Francesconi. “We’re pleased to name him our Business Executive of the Year and look forward to seeing Slinger’s continued growth and progress.”
“I am both honored and motivated by this recognition, as the tennis industry has meant so much to me over the past 30 years, and these past few years in particular,” said Mike Ballardie, CEO of Slinger. “Since I stepped in to lead Slinger, it has been a whirlwind in every sense of the word, from building a new product and category to launching it into a global market, all in the middle of a pandemic. Our success has not been by accident. We have a stellar team, a product people love, and above all else a desire to serve today’s tennis enthusiast at an unmatched level. Couple that with our recent acquisitions and bold plans for tennis and other sports verticals, we are really just getting started.”
Slinger’s strong growth this year was recently highlighted by a new all-time high in weekly sales during its Black Friday/Cyber Monday promotion, which netted the company $1.2 million in from direct-to-consumer sales of its Slinger Bag ball launcher. To follow that up, the Company just reported a record-breaking quarter with sales and profit both up over 100 percent year over year, driving $5.5 million in revenues.
The Slinger Bag has quickly become one of the most sought-after consumer tech products in tennis, receiving widespread acclaim in the process and is now sold in 70+ countries on five continents and has achieved distribution deals worth over $250M over the next five years.
The Slinger Bag is available to order now – to find out more about Slinger Bag, visit https://slingerbag.com.
For Slinger Investor Relations inquiries, please visit www.slingerbagir.com, or contact [email protected]com or 443-407-7564
For Slinger media inquiries, please contact the press office at [email protected] 443-407-7564
Slinger® is a leading connected sports company focused on delivering innovative, game improvement technologies and equipment across tennis and other ball sports. Slinger® enhances the skill and enjoyment levels of players of all ages and abilities and is initially focused on building its brand within the global tennis market, through its Slinger Bag® Tennis Ball Launcher and Accessories. Slinger has underpinned its proof of concept with over $250M of retail value in global distribution agreements since the Spring of 2020 for the Slinger Bag®. Led by CEO Mike Ballardie, the former Prince CEO and Wilson EMEA racquet sports executive, Slinger® is disrupting what are traditional global sports markets with its patented, highly transportable, and affordable Slinger Bag® Launcher and its suite of connected app and SaaS services.
Slinger Bag Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2019 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company’s product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management’s current beliefs and assumptions.
These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential, “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company’s filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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