CROSMAN SIGNS LONG-TERM LICENSING AGREEMENT TO MANUFACTURE AND MARKET REMINGTON AIRGUNS IN NORTH AMERICAROCHESTER, New York, (February 13th, 2003) - Long a leader in the design, manufacture and marketing of state of-the-art airguns, Crosman Corporation has signed a long-term licensing agreement with US firearms and ammunition giant, Remington Arms Company, to manufacture and market a series of Remington brand airguns to the North American market. In a joint statement, Steve Upham, Crosman VP sales and marketing, and Gregg Zarnstorff, Remington's brand licensing manager, said the agreement should produce some exciting results at retail. "Crosman and Remington are both well-known brands in shooting. Combining Crosman's 80-plus years of expertise in designing, manufacturing, and marketing precision airguns with Remington's strong brand image and reputation among sportsmen and shooters will result in a series of Remington airgun products specifically tailored for the North American market and consumer." The first in a series of licensed airguns under the Remington name is the Remington® AirMaster 77™ Kit, to be manufactured by Crosman in the U.S. The AirMaster 77 Kit is based on an American-made Remington .177 pellet/BB pump air rifle, with a maximum BB velocity of 755 fps and a maximum pellet velocity of 725 fps. Crosman will also introduce a Canadian version of the Remington AirMaster 77 with a maximum velocity of 495 fps. The Remington AirMaster 77 Kit includes a 4x20mm scope, a combo pack of Remington pellets and BB's, safety glasses, NRA targets, and a CrosBlock™ trigger block safety device. The AirMaster 77's brushed nickel barrel and black synthetic stock is similar in profile to the new Remington model 7400 Weathermaster™, introduced for 2003. The Remington AirMaster 77 will be marketed exclusively by Crosman in North America and will carry a suggested retail price of $85.00.
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