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 MetalWood Bats
A CDVCA Central Fund Portfolio Company
Jimmy Tribble, Founder
Charleston, WV
In December 2003, the CDVCA Central Fund invested $250,000 in MetalWood Bats (formerly West Virginia Bats, LLC), structured as Series A Cumulative Participating Preferred Stock, or its equivalent in Class B LLC membership interests. The Central Fund's co-investor in the deal include Mountaineer Capital, the Mountain Association for Community Economic Development (MACED), and several individuals.
MetalWood Bats is commercially launching a wood and metal composite "Metalwood" bat, which has the playability advantages of a wooden bat and the durability advantages of a metal bat. The wooden barrel and aluminum handle are fused by a patented screw/pin mechanism, and the safe and long lasting bat is ideal for batting practice and hitting instruction as well as game competition. Despite the company's early stage, the MetalWood Bat was developed with ongoing input from industry experts and likely customers, and has already secured the support of key baseball and softball associations, has been endorsed by prestigious batting coaches, and has received certification for play in various leagues, ranging from Little League to the Men's Senior Baseball League. MetalWood Bats fills a unique niche, and CDVCA expects the company to experience strong growth in the next few years.
In addition to the strong financial returns, CDVCA expects the company to grow to employ 15 people in the next five years.
CDVCA Central Fund Profile
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