Volcom IPO

Volcom filed on April 29th to go public under the symbol VLCM.

We are an innovative designer, marketer and distributor of premium quality
young mens and young womens clothing, accessories and related products under the
Volcom brand name. We believe that we have one of the world’s leading brands in
the action sports industry, built upon our history in the boardsports of
skateboarding, snowboarding and surfing. Our position as a premier brand in
these three boardsports differentiates us from many of our competitors within
the broader action sports industry and has enabled us to generate strong growth
in revenues and operating income. We have increased revenues from $36.6 million
in 2000 to $113.2 million in 2004, representing a compound annual growth rate of
32.6%. We have increased operating income from $1.5 million in 2000 to
$24.4 million in 2004.

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