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WITHOUT A NET: FOTOBALL REPORTS LOSS FOR SECOND QUARTER
Published August 10, 1995
Fotoball USA Inc., the manufacturer of sport ball products with imprinted images of athletes and logos, reported a net loss of $134,653 or $.05 cents a share for the second quarter ended June 30, down from a net income of $650,343 from the year before. Sales over the three month period were down over $3M. The company said lack of a settlement in MLB's labor dispute and the "diminished fan support" has decreased demand for the company's product. Fotoball USA President Michael Favish said the company is "aggressively pursuing potential NFL and NCAA football promotions" to increase sales (Fotoball).
