investment statement for - Pumpkin Patch investor relations

Pumpkin Patch... a platform for growthPumpkin Patch intends to continue increasing its sales and earnings by using strategies similar to thosethat it has successfully used during the past five years.Pumpkin Patch’s strategy is based around selling leading edge kids’ fashion through a range ofchannels including its own retail stores, selected department stores, wholesale distributionarrangements, the internet – www.pumpkinpatch.co.nz – and via mail order catalogues.Through these avenues, Pumpkin Patch sees its key growth coming from the following:• Continued development of its home market in New Zealand and Australia through new storeopenings;• Expansion of its pre and early teen brands;• Continued incremental revenue growth in Pumpkin Patch’s United Kingdom retail chain;• Expansion of overseas third party retailing through department stores in the United States; and• Extension of existing operations in Europe and the Middle East in conjunction with our thirdparty retailers.Pumpkin Patch company owned storesThe core of the Company’s sales growth in the last few years has come from developing the Australianmarket and strengthening our presence in New Zealand. Pumpkin Patch currently has 64 stores inAustralia and 37 in New Zealand.Pumpkin Patch management is confident that the market can be further developed in both countriesby establishing stores in catchments that are not already covered. Based on past experience, PumpkinPatch believes this strategy can be successfully implemented through 2004, 2005 and beyond.It is expected that New Zealand and Australian store openings will generate the bulk of the salesgrowth during the next two years.36