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January 29, 2002

USA: Flying Start For Action Performance Sales

Action Performance Companies Inc, a leading designer and distributor of licensed motorsport merchandise, on Tuesday said "strong growth" in its apparel division helped it post a 65.3 per cent surge in first quarter revenues to $84.1 million, compared to the year-ago period. In a news release, the company said apparel sales rose 42.7 per cent to $20m from $14m in the year-ago quarter, reflecting increased demand from both wholesale and mass retail channels.

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