PRESTON, Wash., Oct. 30 /PRNewswire/ -- Ride, Inc. (Nasdaq: RIDE) a leading manufacturer and worldwide marketer of snowboards and related products, today announced that it has renewed its agreement with Far East Trading Ltd. ("FET") for the exclusive distribution of Ride's products in Japan. The agreement, which has been in effect since December 7, 1992, was renewed for the three years ending December 31, 1998 and provides for substantially increased minimum purchase commitments over the three year term of the agreement. James Salter, Ride's chief executive officer, and Akio Koyama, FET president, executed the contract renewal in Tokyo earlier this month. "Naturally, we are very pleased to have renewed our long-standing relationship with FET," said Salter. "Over the last three years, FET has proven to be a most trusted and successful partner to Ride, and we look forward to continuing our strong track record of growth in the Japanese market with FET." The company earned $1,865,661 ($0.27 per share) for the year ended December 31, 1994 on revenues of $25.3 million and recently reported earnings of $4,082,558 ($0.42 per share) on revenues of $49.1 million for the nine months ended September 30, 1995. CO: Ride, Inc.; Far East Trading Ltd. ST: Washington IN: SU: CON