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BASEBALL STRIKE BLAMED FOR FOTOBALL USA'S 3RD QUARTER LOSSES
Published November 15, 1994
Fotoball USA yesterday reported a third quarter net loss of $441,180. Fotoball USA President/CEO Michael Favish: "The strike and subsequent loss of the baseball season resulted in the loss of between $1 million and $1.25 million in third quarter revenues and will probably result in an additional revenue loss of $250,000 in the fourth quarter." Favish added that Fotoball USA will continue to expand its focus away from the MLB and onto areas unaffected by the strike: "We anticipate in 1995 a continuing emphasis on football and the exploration and development of other sports ball products" (Fotoball USA).