Slinger Bag Continues Rapid Global Expansion With New Distribution Agreement

Rhea-AI Summary

Slinger Bag (OTCQB: SLBG) has announced a distribution partnership with RaketSport s.r.o. for the Czech and Slovak markets. This collaboration aims to enhance tennis accessibility through its innovative Slinger Bag tennis ball launcher, which allows players to practice independently. With previous distribution agreements in nearly 50 markets globally, this move solidifies Slinger Bag's European presence. The lightweight, affordable design targets tennis enthusiasts, and both companies express optimism about fostering tennis participation in these regions.

Positive

• Launch into Czech and Slovak markets through new distribution agreement.
• Slinger Bag has gained recognition and acclaim since its launch in Spring 2020.
• Lightweight and affordable design aims to enhance tennis accessibility.
• Previous agreements in nearly 50 global markets show strong international growth potential.

Negative

• None.

Tennis Innovator Partners with RaketSport s.r.o. for Distribution in Czech and Slovak Republics

BALTIMORE, April 06, 2021 (GLOBE NEWSWIRE) -- Slinger Bag (OTCQB: SLBG), a sports brand focused on innovating game improvement equipment and technology for all ball sports with an initial focus on the global tennis market, has today announced its launch into the Czech and Slovakian markets via a distribution partnership with Prague-based RaketSport s.r.o. (www.raketsport.cz), a specialist racquet sports distributor and e-tailer that has been active since 1997 and currently manages distribution for Technifibre, Pro Kennex, and Victor.

Tennis enjoys a high profile in the Czech Republic and Slovakia, helped in part by the considerable international success of players such as Martina Navratilova, Petra Kvitova, Tomas Berdych, Radek Stephanek and Jan Novotna, to name just a few. The Czech Republic hosts a number of tennis events each year, the most notable of which is the WTA Prague Open, which has WTA International status since 2015. The Czech Republic also won the Davis Cup in 2012 and 2013.

The new announcement follows a number of recent strategic Slinger Bag distribution agreements throughout the world in other key global tennis markets including Australia, New Zealand, India, Japan, UK & Ireland, Switzerland, Russia and all four Scandinavian markets, totalling nearly 50 markets globally.

The Slinger Bag ball launcher has taken the international tennis industry by storm since launching in Spring 2020, receiving widespread acclaim in the process. Slinger Bag enables tennis enthusiasts to get out on court to play at any time without the need to find a playing partner - whether that be at their club, local park, on their driveway or in any other available open space. Slinger is designed to be lightweight, wheeled like a trolley bag and easily transported in the trunk of the smallest saloon or sedan car.

This proprietary design empowers players to set up and start launching balls within minutes, to control both the launch speed and the frequency of the balls using two customizable dials and vary the angle of elevation to suit groundstrokes, lobs or even, in the ball boy mode, to practice serves. Slinger Bag is lightweight at 15kg/33 lbs. and multi-functional, holding racquets and other gear, 72 tennis balls, and has pockets for storing wallets, keys, towel and a water bottle and is impressively affordable.

“We are very excited to join the Slinger bag team and very proud to represent the brand in both the Czech and Slovak markets.” said Petra Jägerová CEO of RaketSport s.r.o. “We are racket sport specialists and Slinger Bag fits perfectly with the other brands in our portfolio. Moreover, we believe that an innovation such as Slinger Bag can help make tennis more accessible for players of all levels and contribute in the finding of new champions. We look forward to building on the success Slinger Bag has seen throughout the global tennis community here in our markets.”

Of the new distribution agreement, Mike Ballardie, CEO of Slinger Bag says, “This new deal is important in consolidating our brand footprint across Europe, and opens us up in a traditional tennis stronghold. The team at RaketSport are as enthusiastic as we are about Slinger Bag’s potential to grow tennis participation in the Czech and Slovak territories, and we are delighted to be partnering with them, as our brand continues to grow exponentially across the globe.”

The Slinger Bag is available to order now - to find out more about Slinger Bag, visit https://slingerbag.com.

ENDS

For Slinger Bag Investor Relations inquiries visit www.slingerbagir.com, or contact investors@slingerbag.com or 443-407-7564

For Slinger Bag media enquiries in U.K, Europe and Australia contact the UK Press Office, Joe Murgatroyd, Press@slingerbag.com, at Brandnation, +44(0)207 940 7294

For Slinger Bag media enquiries in U.S & CANADA contact the US Slinger Bag Press Office, Brenna Byrne at UpRoar PR, bbyrne@uproarpr.com 312-607-8117.

Slinger Bag Legal Counsel: Kalfa Law. Contact: shira@kalfalaw.com

About Slinger Bag^®: Slinger^® is a new sports brand focused on delivering innovative, game improvement technologies and equipment across all Ball Sport categories. With the vision to become a next-generation sports consumer products company, Slinger^® enhances the skill and enjoyment levels of players of all ages and abilities. Slinger^® is initially focused on building its brand within the global Tennis market, through its Slinger^® Tennis Ball Launcher and Accessories. Slinger Bag^® has underpinned its proof of concept with over $200M of retail value in global distribution agreements since the Spring of 2020. Led by CEO Mike Ballardie (former Prince CEO and Wilson EMEA racquet sports executive) Slinger^® is now primed to continue to disrupt what are traditional global markets with its patented, highly transportable and affordable Slinger^® Launcher.

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.

FAQ

What is the significance of SLBG's partnership with RaketSport?

The partnership allows SLBG to enter the Czech and Slovak markets, expanding its distribution and enhancing tennis participation.

How has Slinger Bag performed in international markets?

Since its Spring 2020 launch, Slinger Bag has received widespread acclaim and established distribution in nearly 50 global markets.

What are the features of the Slinger Bag tennis ball launcher?

The Slinger Bag is lightweight, portable, holds 72 tennis balls, and allows players to control launch speed and angle, making it easy to practice solo.

When did Slinger Bag announce its new distribution deal in Europe?

The announcement was made on April 6, 2021.