This is a message that Andy and Angie Ross released today, as you can see there is alot more going on than what folks think. More to follow.
To all our Ross Archery friends,
We are writing this to address some rumors going around the archery industry.. The most frustrating part of this for us is that we are in the right, and would love to show our hand. We believe Grace Engineering/G5 are attempting to put out a bow utilizing Ross Archery designs, parts, and tooling. However at the advice of our legal counsel, we are being asked to not make any details public regarding our lawsuit. We can however say Grace Engineering/G5 are NOT buying Ross Archery.
In regards to the IRS and our misunderstanding of the FET tax, we are in full compliance and have taken the necessary steps to resolve this matter.
Andy and I started Ross Archery 4 years ago, and feel blessed to have been accepted into the archery world. We had a goal of selling a few hundred bows a year, and the hopes of growing the company for our 4 children to take over. We never dreamed at our first ATA show we would be where we are today. Ross Archery has grown beyond a small family business and we are taking the necessary steps to position ourselves for future growth . (Again, not with Grace Engineering/G5).
We thank you all for your support, and please believe the best is yet to come,
Angie and Andy Ross
P.S. Andy wanted me to tell everyone Pick-N-Sick!!
Oh that it does, and it could get real interesting as time goes. There is more and time will allow that to be publicized. There are times when you are forced to contract out some things, others may want and try to take advantage of the situations. I hope everything works out for the best for the Ross's.