Page Two	E-mail PagePrint Version

SAN DIEGO – 07/03/08 – Sector 9, a major player in the international skateboard industry, has been acquired by Australia-based Billabong International.

Billabong said the US skateboard company, founded in 1994, was a market leader in the design and manufacture of skate long boards – a niche segment within the skateboard market.

Financial details of the acquisition weren’t disclosed, but Billabong, headquartered in Queensland, said it expects the new business to add about 2% to group sales, implying the business generates $25 million to $30 million in sales, the bulk of which are generated in the US.

Sector 9 co-founders and owners Steve Lake and Dennis Telfer and co-owner Dave Klimkiewicz are being retained as part of the acquisition in their current roles.

Billabong said the bulk of Sector 9's revenues are generated by skateboard and associated accessory sales, while apparel is considered a small but emerging category.

This is the second US acquisition by the Australian company in as many months.

In June, Billabong bought Florida-based surf and skate gear retailer, Quiet Flight, also for an undisclosed sum.

Go back, or read the latest Page Two stories:

NETSUITE GOES LIVE IN SINGAPORE

SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.