Industry News 5/17/2007

New Investment and Partner in UM Surfboards Set to Take Company to Next Level

New Investment and Partner in UM Surfboards Set to Take Company to Next Level

Oceanside, CA -- UM Surfboards, founded by shaper Michael Walter, today announced that it received an investment from local businessman Mark Teperson, who will partner with Walter and will take on the role of CEO.

"From shaping in my backyard to moving into our factory in Oceanside, we have built up a following which continues to grow each year. However, in order to take the Company to the next level, I have needed to find a partner with the business and marketing background that will compliment the knowledge and experience I have developed over the years in the industry," said Walter. "I'm stoked to be partnering up with Mark who brings all the necessary skills to the table that will enable us to take UM into this next exciting phase."

Teperson, originally from Durban, South Africa, has vast business experience, specifically as it relates to finance, marketing, and operations. His most recent success has been a part of team that took a "start-up" company and implemented a growth and marketing strategy that ultimately resulted in an extremely profitable sale of the company.

"This is a fantastic opportunity to take a truly quality product and continue to develop the brand, UM Designs, that is on the brink of exploding not only domestically, but internationally as well", said Teperson. "Michael has invested more than 20 years of heart soul, and passion into UM, which I plan to continue and give UM Designs the worldwide recognition it deserves."

About UM Surfboards Inc - Originally founded by shaper Michael Walter more than 20 years ago, UM Surfboards has moved from Michael's backyard into a top of the line factory in the valley of Oceanside, California, filled with numerous shaping rooms and its own dedicated glassing department. With Michael designing and shaping surfboards of the highest level of quality and integrity, the UM following has grown over the years and continues to do so exponentially. UM Surfboards Inc forms part of the UM Designs Group of Companies. For more information visit