Slinger Bag Enters Russian Market

Slinger Bag inks distribution deal with Neva Sport LLC, a major player in the Russian tennis market

February 04, 2021 8:04 AM EST | Source: Slinger Bag Inc.

Baltimore, Maryland--(Newsfile Corp. - February 4, 2021) - Slinger Bag (OTCQB: SLBG), a sports brand focused on innovating game improvement equipment for all ball sports with an initial focus on the global tennis market, has today announced an exclusive 5 year distribution agreement with Neva Sport LLC one of Russia's top tennis distributors and the exclusive distribution partner for global tennis brand Babolat.

Under the terms of the new partnership, Neva Sport LLC will be the exclusive distributor of the exciting new, game-changing Slinger Bag tennis product in Russia, where it will be launched to the consumer market on April 1st.

Interest in tennis in Russia has been growing dramatically since the 2000's, inspired in part by the great international success of former world number one women's players Dinara Safina and Maria Sharapova. Neva Sport believes the potential of the innovative Slinger Bag product to increase play frequency across the market as well as honing the skills and fitness of tennis players of all ages and abilities.

The new announcement follows recent strategic Slinger Bag distribution agreements throughout all the world in other key global tennis markets including France, Germany, India, Japan, UK, Switzerland and all four Scandinavian markets.

Slinger Bag has taken the international tennis industry by storm since launching in Spring 2020, receiving widespread critical acclaim in the process. Slinger Bag enables tennis enthusiasts to get out on court to play at any time without the need to find a playing partner - whether that be at their club, local park, on their driveways or in any other available open space. Slinger is designed to be lightweight, wheeled like a trolley bag and easily transported in the trunk of the smallest saloon or sedan car.

This proprietary design empowers players to set up and start launching balls within minutes, to control both the launch speed and the frequency of the balls using two customizable dials and vary the angle of elevation to suit groundstrokes, lobs or even, in the Ball Boy mode, to practice serves. Slinger Bag is lightweight at 15kg/33 lbs. and multi-functional, holding racquets and other gear, 72 tennis balls, and has pockets for storing wallets, keys, towel and a water bottle and is impressively affordable.

"Slinger Bag is a great addition to our portfolio of tennis brands," said Neva Sport LLC's CEO Pavel Solovyev. "We see real potential for this product in our growing market and hope to emulate the success of Slinger Bag in other territories around the world. Providing tennis fans or the tennis curious with the opportunity to practice whenever and for as long as they want, is a real bonus in terms of getting more Russians into the game."

Of the new distribution deal Mike Ballardie, CEO of Slinger Bag says,"We really like the set up and enthusiasm for Slinger Bag at Neva Sport and it's great to have them on board as we continue to successfully push growth for Slinger around the globe. "

The Slinger Bag is available to order now - to find out more about Slinger Bag, visit https://slingerbag.com.

ENDS

For Investor Relations inquiries visit slingerbagir.com, contact investors@slingerbag.com or 443-407-7564.

To contact the Slinger Bag Press Office, Joe Murgatroyd, Press@slingerbag.com, at Brandnation, 443-407-7564 or +44(0)207 940 7294.

Slinger Bag Legal Counsel: Kalfa Law. Contact: shira@kalfalaw.com.

About Slinger Bag®: Slinger® is a new sports brand focused on delivering innovative, game improvement technologies and equipment across all Ball Sport categories. With the vision to become a next-generation sports consumer products company, Slinger® enhances the skill and enjoyment levels of players of all ages and abilities. Slinger® is initially focused on building its brand within the global Tennis market, through its Slinger® Tennis Ball Launcher and Accessories. Slinger Bag® has underpinned its proof of concept with over $200M of retail value in global distribution agreements since the Spring of 2020. Led by CEO Mike Ballardie (former Prince CEO and Wilson EMEA racquet sports executive) Slinger® is now primed to continue to disrupt what are traditional global markets with its patent-pending, highly transportable and affordable Slinger® Launcher.

Slinger Bag Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its 2019 Annual Report on Form 10-K and quarterly reports on Form 10-Q.

Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.

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