Sports Equipment Firm Ignores Borders

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, July 28, 2020

The world’s longest undefended border has been forced to solidify in recent months with restrictions placed on travel by the pandemic. But one Baltimore-based company is not letting the fear of cross-border commerce deter it from doing business north of that border.

Slinger Bag (OTC: SLBG) is a sports brand focused on innovating game improvement equipment for all ball sports such as tennis. Tuesday, the company announced a significant expansion in Canada with the appointment of Doug Coombs as director of business development, effective immediately. Coombs’ job will be to build the direct to consumer channel distribution, operations and finance, player relations, marketing, and grassroots initiatives.

With an initial focus on the tennis market, Slinger Bag has developed a next generation portable tennis ball launcher for players of all abilities, offering a 24/7 training partner ensuring players never have to miss a day of practice again.

SLBG shares gathered 2.5 cents, or 7.1%, on a day when suspense over a possible stimulus package from Washington weighed on American markets great and small. Volume was a somewhat anemic 5,400 shares.

Sports equipment would fall under the heading of “consumer discretionary” for stock purposes, and in New York, that sector shied away 0.2%. There was nothing comparable in the sports equipment market in Canada, where consumer discretionary issues dwindled 0.3%.

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