Orem, UT, October 14, 2005 - Gold Tip, Inc. today announced the acquisition of Vanetec of Myrtle Point, OR. “We have been talking with Vanetec for quite some time and have watched them become a leader in the marketplace”, said Tom Donat, VP of Operations for Gold Tip, Inc. Donat continued, “They have developed a superior product that has caught the eye of many archers because of its’ superior durability and ease of fletching”.

Both Kody Walker, GT Sales & Marketing Manager and Dayne Lester, Vanetec Sales & Marketing, agree, “It just makes good business sense for the two companies to work closer together. Gold Tip’s superior line of arrows combined with Vanetecs’ innovative vanes gives our customers a win-win situation.”

The acquisition took effect October 1, 2005. Much of the Vanetec manufacturing will remain in Myrtle Point, OR with many of the back office functions moving to Gold Tip’s campus in Orem, UT. “The same expertise that made Vanetec the superior product it is will remain with the company”, added Donat. “Vanetec customers can look forward to continued fine product with the value of the Gold Tip family backing up the brand and Vanetec continuing as its’ own brand”, concluded Donat.