How the intranet will make multinationals more agile


	This week at Griffin... Richard Griffin, CEO As we enter the summer season where traditionally business experiences a dip, here at Griffin Sports Ltd I am pleased to tell you that things are far from quiet. I am delighted to announce the acquisition of EQUIPS, the leading sports equipment company, after many months of negotiation.


	Focus Griffin completes acquisition of EQUIPS Griffin Sports today announced the acquisition of EQUIPS, a leading sport equipment manufacturer. The EQUIPS range of internationally recognized and respected brands have held a market leading position for over 10 years. The acquisition will fit well with the Griffin portfolio giving the company an additional offering as well as a highly talented and respected team. Under the terms of the agreement, Griffin Sports Ltd issued approximately 11.0 million shares in common stock in exchange for the capital ownership of the privately held EQUIPS company. Founded in 1992, EQUIPS is a rapidly growing sport equipment manufacturer. The company produces an extensive range of quality products, specialising in tennis, basketball, hockey, lacrosse and football. Its range has a strong emphasis on safety as well as innovation. Company info Training for talent As Griffin is now also expanding in Asia we want to give you the opportunity to get to know the local market. Training sessions will be set up for our marketing and sales staff in India and China so that we can learn the most from our local colleagues. If you are interested, please contact your HR manager for the possibilities. New sales monitoring system Next month Griffin will start with the implementation of a new sales monitoring system called SUD. The purpose is to keep better track of our competitors in the sports shoe market, mostly in Europe. More details will follow via our sales management department. News Griffin wins industry award We are proud to announce that the ground breaking new Griffin track shoe, launched at the end of last year, has won an industry innovation award. Sports Today magazine has recognized the new Sprintz footwear line in its annual award scheme. Judged by a panel of industry experts, the award was announced at a gala dinner last week attended by 300 movers and shakers from the sportswear world. High-tech shirts hit the shops It has been many months in the making but now the new hi-tech Griffin tennis shirts have been launched to nationwide stockists. The product innovation team has researched and developed the fabric to produce the ultra light tennis wear range, launched under the Match Point label.