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Court Of Appeals Upholds Gander Mountain Legal Victory

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  • 1. Court of Appeals Upholds Gander Mountain Legal Victory Three judge panel unanimously rules against appeal by competitor Gander Mountain Company (Nasdaq: GMTN), the nation's largest retail network of stores for hunting, fishing, boating, camping, marine and outdoor lifestyle apparel, products and services, today announced that a panel of the United States Court of Appeals for the Eighth Circuit unanimously upheld a judgment granting Gander Mountain a sweeping victory in its long- standing dispute with rival Cabela's over the right to use certain Gander Mountain trademarks in direct marketing. The original judgment issued in July 2007 by the United States District Court for the District of Minnesota granted Gander Mountain's motion for summary judgment while denying Cabela's motion for summary judgment and dismissing Cabela's counterclaims with prejudice and on the merits. Quoting from the District Judge's original opinion, Gander Mountain is free to use its trademarks in all respects including direct marketing to consumers. Mark Baker, CEO of Gander Mountain, praised the ruling. He said, We are pleased with this decision and eager to finally set this matter behind us so we can continue implementing our plans to grow our direct business sales through catalogs and the Internet. About Gander Mountain Company Gander Mountain Company (Nasdaq: GMTN), headquartered in Saint Paul, Minnesota, is the nation's largest retail network of stores for hunting, fishing, boating, camping, marine and outdoor apparel, lifestyle products and services. Since 1960, the Gander Mountain brand has offered an expanding assortment of competitively priced outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, boat, ATV and marine services. The stores feature national, regional and local brands as well as the company's owned brands. Focused on a We Live Outdoors culture, Gander Mountain dedicates itself to creating outdoor memories. There are currently 115 conveniently located Gander Mountain outdoor lifestyle stores in 23 states. For the nearest store location call 800-282-5993 or visit http://www.GanderMtn.com. Gander Mountain is also the parent company of Overton's (http://www.overtons.com), a leading catalog and Internet based retailer of products for boating and other marine enthusiasts. Cautionary Note Regarding Forward-Looking Statements Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward- looking statements. Certain of these risks and uncertainties are described in the Risk Factors section of the company's Annual Report on
  • 2. Form 10-K for fiscal 2007 and other required reports, as filed with the SEC, which are available at http://www.GanderMtn.com and at the SEC's Website at http://www.sec.gov. SOURCE Gander Mountain Company -0- 08/28/2008

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