Bell Buckle Holdings Inc (OTC:BLLB) operates as a holding company in the youth sports and enrichment industry, which is currently worth as much as $19 billion.
As it happens, Jump Start Sports could well be one of the most important constituents of the company’s business and this morning Bull Buckle’s CEO Rick Hart spoke about the progress that had been made during a chat with The Street Reports podcast.
BLLB stock soared 30.43% to $0.0030 on Monday on a hefty volume of 4.17 million shares, well above its average volume of 1.90 million shares.
He noted that Jump Start sports had been successful in selling as many as 3 franchise territories in the first quarter of this year and hoped to sell in excess of 15 franchises over the course of the next year. At the end of the third year, the company had set a target of having more than 100 franchise units that had been sold and turned operational.
Last month on February 21 the company was in the news after it announced that it had managed to bag the exclusive expansion rights for the Technique Tigers Baseball Academy, which is a skill development academy for kids based out of Trumbull, Connecticut.
Over the course of the past decade and a half, the academy has provided guidance to more than 700 athletes and many of those have gone on to play college and professional baseball. The mission of the academy is to create strong student-athletes who comprehend the necessity of education, health, and discipline. Technique Tigers would join up with Jump Star Sport, a subsidiary of Bell Buckle Holdings to offer the programs to different communities.