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  September 5, 2001
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Home > Company Index > Consumer Products-Durables  > Sporting Goods > Variflex, Inc.

Variflex, Inc.
Nasdaq: VFLX
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 PROFILE
Variflex, which markets in-line skates and related products, keeps rolling along. In-line skates account for more than 35% of Variflex's sales, but it also sells skateboards, scooters, snowboards, yo-yos, safety helmets, and other protective equipment under its Variflex and the licensed X-Games brands. Variflex also markets Quik Shade, a portable shelter canopy, and the Airzone springless trampoline. All products are made by independent contractors, mostly in Asia. Retailers Kmart, Target, and Toys "R" Us account for about 64% of the company's sales. Chairman Mark Siegel's investment company, REMY Capital Partners, owns 41% of Variflex; CEO and COO Raymond "Jay" Losi II and his family own about 40%.

 COMPETITION
Bell Sports Corp. (dossier)
First Team Sports, Inc. (FTSP)
Rollerblade, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: July
2000 Sales (mil.): 55.20
1-Yr. Sales Growth: 47.6%
Employees: 88
Revenue per employee: $627,272.73

 KEY PEOPLE
• Raymond H. Losi
    CEO
• Roger M. Wasserman
    CFO

 CONTACT INFO
5152 N. Commerce Ave.
Moorpark, CA 93021
US
Phone: 805-523-0322
Fax: 805-523-7384
Online: Web Site

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