<PAGE>
================================================================================

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             -----------------------


                                   FORM 10-QSB

(Mark One)

   X     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
-------  EXCHANGE ACT OF 1934


FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003

         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
-------  EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO_______.

                         Commission File Number 0-17293

                             COLLEGIATE PACIFIC INC.
        (Exact Name of Small Business Issuer as Specified in Its Charter)

<Table>
<S>                                                      <C>
             TEXAS                                                    22-2795073
             -----                                                    ----------
(State or Other Jurisdiction of                          (I.R.S. Employer Identification No.)
Incorporation or Organization)

13950 SENLAC DRIVE, SUITE 100, DALLAS, TEXAS                             75234
-----------------------------------------------------                  ---------
 (Address of Principal Executive Offices)                              (Zip code)
</Table>

                                 (972) 243-8100
                (Issuer's Telephone Number, Including Area Code)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X  No
                                                             ---   ---

As of November 12, 2003, there were 5,838,392 shares of the issuer's common
stock outstanding and 2,789,303 of the issuer's common stock purchase warrants
outstanding.

Transitional Small Business Disclosure Format (check one): Yes     No X
                                                               ---   ---



================================================================================



<PAGE>


                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES
                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                                      PAGE
                                                                                                     NUMBER
                                                                                                     ------

<S>                                                                                                  <C>
PART I:  FINANCIAL INFORMATION

         Item 1.    Consolidated Financial Statements (Unaudited)

         Condensed Consolidated Balance Sheets at September 30, 2003
         and June 30, 2003.......................................................................      1

         Condensed Consolidated Statements of Income for the
         three months ended September 30, 2003 and 2002..........................................      2

         Condensed Consolidated Statements of Cash Flows for
         the three months ended September 30, 2003 and 2002......................................      3

         Notes to the Condensed Consolidated Financial Statements................................      4

         Item 2.    Management's Discussion and Analysis of Financial
         Condition and Results of Operations. ...................................................      7

         Item 3.    Controls and Procedures......................................................      10


PART II:.OTHER INFORMATION

         Item 6.    Exhibits and Reports on Form 8-K.............................................      12

SIGNATURES.......................................................................................      13
</Table>


<PAGE>
PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS

<Table>
<Caption>
                                                                 September 30,       June 30,
                                                                     2003              2003
                                                                 ------------      ------------
                                                                  (Unaudited)

<S>                                                              <C>               <C>
                           ASSETS
Current assets:
     Cash and cash equivalents                                   $  2,147,991      $    365,713
     Accounts receivable, net of allowance for doubtful
       accounts of $137,742 and $121,139 at September 30,
       2003 and June 30, 2003, respectively                         2,504,042         2,702,551
     Inventories                                                    3,766,707         3,691,615
     Prepaid expenses and other assets                                381,438           218,030
     Current portion of deferred income taxes                         102,171           102,171
                                                                 ------------      ------------
       Total current assets                                         8,902,349         7,080,080
Property, plant and equipment, net of accumulated
       depreciation of  $677,491 and $629,205 at September
       30, 2003 and June 30, 2003, respectively                       517,163           541,055
Other assets:
        License agreements, net of accumulated amortization
          of $125,671 and $118,915 at September 30, 2003 and
          June 30, 2003, respectively                                 109,758           116,514
        Goodwill                                                      544,375           544,375
        Deferred income taxes                                         304,646           304,646
        Other assets, net                                             233,143           238,654
                                                                 ------------      ------------
                                                                 $ 10,611,434      $  8,825,324
                                                                 ============      ============
     LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
     Accounts payable                                            $  1,445,310      $  1,642,732
     Accrued expenses                                                 220,471           205,505
     Dividends payable                                                116,574           107,704
     Income taxes payable                                             184,051            54,789
     Current maturities, revolving line of credit                   1,050,000                --
                                                                 ------------      ------------
       Total current liabilities                                    3,016,406         2,010,730

Revolving line of credit                                                   --           800,000
                                                                 ------------      ------------

         Total liabilities                                          3,016,406         2,810,730

Stockholders' equity:
     Common stock, $.01 par value; authorized 50,000,000
        shares; issued 4,609,446 and 4,308,169 shares at
        September 30, 2003 and June 30, 2003, respectively             46,094            43,082
     Additional paid-in capital                                     7,852,602         6,387,090
     Retained earnings                                                353,783           201,065
     Treasury shares at cost: 86,026 and 80,326 at September
        30, 2003 and June 30, 2003, respectively                     (657,451)         (616,643)
                                                                 ------------      ------------
        Total stockholders' equity                                  7,595,028         6,014,594
                                                                 ------------      ------------
                                                                 $ 10,611,434      $  8,825,324
                                                                 ============      ============
</Table>


     See accompanying notes to condensed consolidated financial statements.



                                       1
<PAGE>





                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (UNAUDITED)


<Table>
<Caption>
                                                Three Months Ended
                                                   September 30,
                                         ------------------------------
                                             2003              2002
                                         ------------      ------------

<S>                                      <C>               <C>
Net sales                                $  5,973,592      $  4,766,191
Cost of sales                               3,725,352         3,010,014
                                         ------------      ------------
     Gross margin                           2,248,240         1,756,177

Selling, general and administrative
   Expenses                                 1,793,446         1,460,638
                                         ------------      ------------
     Operating profit                         454,794           295,539
Other income (expense)
     Interest expense                         (10,718)          (16,555)
     Other income                                 278               186
                                         ------------      ------------

Income before provision for taxes             444,354           279,170
      Provision for taxes                     175,062                --
                                         ------------      ------------
  Net income                             $    269,292      $    279,170
                                         ============      ============

Net income per share-basic               $       0.06      $       0.07
                                         ============      ============
Net income per share-diluted             $       0.05      $       0.06
                                         ============      ============

Weighted average shares outstanding:
      Basic                                 4,290,603         4,231,207
                                         ============      ============
      Diluted                               5,779,308         4,787,242
                                         ============      ============
</Table>


      See accompanying notes to condensed consolidated financial statements



                                       2
<PAGE>


                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<Table>
<Caption>
                                                               Three months ended
                                                                  September 30,
                                                         ------------------------------
                                                             2003              2002
                                                         ------------      ------------
<S>                                                      <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net income                                          $    269,292      $    279,170
     Adjustments to reconcile net income to net cash
        provided by operating activities:
     Depreciation, amortization and bad debt expense           84,182            75,431
     Net changes in operating assets and liabilities             (240)         (170,376)
                                                         ------------      ------------

     Net cash provided by operating activities                353,234           184,225

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchases of property and equipment                      (24,394)         (114,232)


CASH FLOWS FROM FINANCING ACTIVITIES:
     Cash paid for treasury shares                            (40,808)          (95,447)
     Payment of dividends                                    (224,278)               --
     Repayment on note payable to stockholder                      --          (353,063)
     Proceeds from revolving line of credit                   250,000           600,000
     Proceeds from issuance of common stock                 1,468,524                --
                                                         ------------      ------------

Net cash provided by financing activities                   1,453,438           151,490
                                                         ------------      ------------

Net increase in cash and cash equivalents                   1,782,278           221,483

Cash and cash equivalents at beginning of period              365,713           267,362
                                                         ------------      ------------

Cash and cash equivalents at end of period               $  2,147,991      $    488,845
                                                         ============      ============


Supplemental disclosure of cash flow information
Cash paid during the period for interest                 $     10,718      $     16,555
                                                         ============      ============
</Table>

     See accompanying notes to condensed consolidated financial statements.




                                       3
<PAGE>
                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES

1.       BASIS OF PRESENTATION

         These unaudited condensed consolidated financial statements of
         Collegiate Pacific Inc. and its subsidiary (collectively, the
         "Company") have been prepared in accordance with accounting principles
         generally accepted in the United States of America ("US GAAP") for
         interim financial reporting. Accordingly, they do not include all of
         the information and footnotes required by US GAAP for complete
         financial statements and should be read in conjunction with the
         Company's annual report on Form 10-KSB for the fiscal year ended June
         30, 2003. All significant intercompany transactions and balances have
         been eliminated in consolidation. In the opinion of management, all
         adjustments (consisting only of normal recurring adjustments)
         considered necessary for a fair presentation of the interim financial
         information have been included.

         Operating results for the interim period are not necessarily indicative
         of results that may be expected for the fiscal year ending June 30,
         2004.

2.       INVENTORIES

         Inventories consist of the following:

<Table>
<Caption>
                     September 30,       June 30,
                         2003             2003
                     ------------     ------------
<S>                  <C>              <C>
Raw materials        $    304,784     $    310,871
Work in progress           89,901           83,229
Finished goods          3,372,022        3,297,515
                     ------------     ------------
                     $  3,766,707     $  3,691,615
                     ============     ============
</Table>


3.       INCOME PER SHARE

         Summarized basic and diluted income per share are as follows:

<Table>
<Caption>
                                           For the three months ended
                                                  September 30
                                             2003              2002
                                         ------------      ------------
<S>                                      <C>               <C>
Net income                               $    269,292      $    279,170
Weighted average common
 Shares - basic                             4,290,603         4,231,207
Effect of dilutive securities
(options and warrants)                      1,488,705           556,035
                                         ------------      ------------

Weighted average common
 Shares - diluted                           5,779,308         4,787,242
Income per share - basic                 $       0.06      $       0.07
Per share effect of dilutive
 securities (options and warrants)              (0.01)            (0.01)
                                         ------------      ------------
Income per share - diluted               $       0.05      $       0.06
                                         ============      ============

Options and warrants excluded from
computation because their effect was
anti-dilutive                                  31,500         4,487,107
                                         ============      ============
</Table>





                                       4
<PAGE>


                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES


4.       STOCK BASED COMPENSATION

         On December 11, 1998, the Company's stockholders approved a new stock
         option plan (the "Plan"). The Plan authorized the Company's Board of
         Directors to grant employees, directors and consultants of the Company
         up to an aggregate of 400,000 shares of the Company's common stock,
         $0.01 par value per share. The options vest in full upon the employee's
         one-year anniversary of employment with the Company or on the award
         date if the employee has been employed for at least one year on the
         award date.

         The Company accounts for all options issued under Plan in accordance
         with the recognition and measurement principles of Accounting
         Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued
         to Employees," and related interpretations. No stock-based compensation
         cost is reflected in net income, as all options granted under the plan
         had an exercise price equal to the market value of the underlying
         common stock on the date of grant. The following table illustrates the
         effect on net income and income per share as if the Company had applied
         the fair value recognition provisions of Financial Accounting Standards
         Board ("FASB") SFAS No. 123, "Accounting for Stock-Based Compensation,"
         to stock-based employee compensation:

<Table>
<Caption>
                                                       For the three months ended
                                                              September 30
                                                        2003               2002
                                                   --------------     --------------

<S>                                                <C>                <C>
Net income, as reported                            $      269,292     $      279,170
Stock based compensation expense recorded                      --                 --
Deduct: Total stock-based employee
   compensation expense determined using
   the fair value based method for all awards,
   net of related tax effects                      $        2,949     $      604,316
                                                   --------------     --------------
Pro forma income (loss)                            $      266,343     $     (325,146)
                                                   ==============     ==============
Income (loss) per common share:
  As reported
    Basic                                          $         0.06     $         0.07
                                                   ==============     ==============
    Diluted                                        $         0.05     $         0.06
                                                   ==============     ==============
  Pro forma
     Basic                                         $         0.06     $        (0.08)
                                                   ==============     ==============
     Diluted                                       $         0.05     $        (0.08)
                                                   ==============     ==============
</Table>

         The fair value of these options was estimated at the date of grant
         using the Black-Scholes option pricing model with the following
         weighted-average assumptions: expected volatility ranging from 103% to
         122%; risk free interest rate of 4.48% to 4.80%; no dividend yield; and
         expected lives of five years.

5.       SUBSEQUENT EVENT

         In addition to the approximately $1.4 million the Company has received
         since June 30, 2003, from the exercise of outstanding warrants and
         stock options, on October 7, 2003, the Company announced that Michael
         J. Blumenfeld, the Company's Chief Executive Officer, completed an
         offering on a firm commitment basis directly to Roth Capital Partners,
         LLC, of 1,000,000 warrants held by Mr. Blumenfeld at a per warrant
         price of $1.95. Under the terms of the offering, Roth Capital
         immediately exercised the warrants by paying the exercise price of
         $5.00 per share and the Company issued 1,000,000 shares



                                       5
<PAGE>


                    COLLEGIATE PACIFIC INC. AND SUBSIDIARIES


         of its common stock directly to Roth Capital. Roth Capital sold these
         shares to institutional investors at a price of $6.95 per share. The
         Company received $4,550,000, net of commissions and expenses, of
         approximately $450,000, from the exercise of the warrants.







                                       6
<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

BACKGROUND

         Collegiate Pacific Inc. ("we," "us," "our," or the "Company") is in the
mail order marketing of sports equipment business. We manufacture and distribute
our products primarily to institutional customers located throughout the United
States. Our principal customers include country clubs, schools, YMCAs, YWCAs and
similar recreational organizations, municipal recreation departments, and other
governmental agencies. We offer a broad line of sporting equipment and other
recreational products, as well as provide after-sale customer service. We
currently market about 3,200 sports and recreational related equipment and
products to over 200,000 potential institutional, retail, Internet, and sporting
good dealer type customers. Since commencing operations in early 1998, we have
sold our products to approximately 35,000 customers. References herein to
"fiscal 2003" and "fiscal 2004" refer to our fiscal years ended or ending, as
the case may be, June 30, 2003 and 2004, respectively.

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THREE MONTHS ENDED SEPTEMBER
30, 2002

         Net Sales Net sales for the fiscal quarter ended September 30, 2003,
increased by approximately $1.2 million, or approximately 25%, compared to the
same period in fiscal 2003. We attribute the growth in net sales primarily to an
increase in the sale of manufactured products to all of our customers, an
overall increase in catalog sales, and a slight increase in our dealer related
revenues. We believe future net sales will continue to rise from current levels,
however, no assurances can be made that any future increases in net sales will
be at the same rate as we experienced in the current period. We also believe
that seasonality in our net sales will continue to be a factor in future periods
because of the budgeting procedures of our customers and the seasonal demand for
our products. As a result, we continue to see an increase in demand for our
products during the third and fourth quarters of our fiscal year (January -
June).

         Gross Profit. Gross profit for the fiscal quarter ended September 30,
2003, increased by approximately $492 thousand, or 28%, compared to the same
period in fiscal 2003. As a percentage of net sales, gross profit was
approximately 38% for the three months ended September 30, 2003, compared to 37%
for the same period in 2002. The increase in gross profit was primarily due to
the increase in the Company's net sales over the same period last year and an
increase in the absorption of manufacturing labor and overhead as a result of
increased manufacturing revenues.

         Selling, General and Administrative Expenses. Selling, general and
administrative ("SG&A") expenses for the fiscal quarter ended September 30,
2003, increased by approximately $333 thousand, or 23%, compared to the same
period in fiscal 2003. As a percentage of sales, SG&A expenses for the three
months ended September 30, 2003, decreased to 30% from 31% for the same period
in 2002. The increase in SG&A expenses was primarily due to an increase in
personnel related costs incurred in connection with hiring additional personnel
in the sales force and additional advertising costs incurred in connection with
the company's marketing efforts.

         Operating Profit. Operating profit increased by approximately $159
thousand for the fiscal quarter ended September 30, 2003, compared to the same
period in fiscal 2003. As a percentage of net sales, operating profit increased
to approximately 8% for the three months ended September 30, 2003, compared to
6% for the same period during fiscal 2003. The increase





                                       7
<PAGE>

was attributable to an increase in sales, an increase in gross profit, and a
decrease in SG&A expenses as a percentage of sales during the same period in
fiscal 2003.

         Interest Expense. Interest expense decreased by approximately $6
thousand for the fiscal quarter ended September 30, 2003, compared to the fiscal
quarter ended September 30, 2002. As a percentage of net sales, interest expense
was approximately 0.2% and 0.3% for the fiscal quarters ended September 30, 2003
and 2002, respectively. The decrease in interest expense was due to the net cash
provided by our operating activities during the quarter ended September 30, 2003
and 2002, which was used to reduce the outstanding balance of the Company's
borrowings, as well as lower interest rates during the first quarter of fiscal
2004 compared to the same period last year. See "Liquidity and Capital
Resources."

         Income Taxes. The Company recorded an income tax expense of
approximately $175 thousand for the fiscal quarter ended September 30, 2003. As
previously reported, the Company eliminated its valuation allowance on net
deferred tax assets at the end of fiscal 2003. The Company recorded no income
taxes in the same quarterly period last year because the change in the valuation
allowance was equal to the change in the net deferred tax assets.

         Due to the elimination of the valuation allowance at June 30, 2003, the
Company will record tax expense on all future net income at the Company's
effective tax rate and, accordingly, income tax expense (benefit) and net income
after taxes in future periods may not be comparable to amounts recorded in
fiscal 2003 and prior years.

         Net Income. Net income decreased by approximately $10 thousand, or 4%,
for the fiscal quarter ended September 30, 2003, compared to the same quarterly
period in fiscal 2003. As a percentage of net sales, net income decreased to
approximately 5% for the fiscal quarter ended September 30, 2003 compared to 6%
for the fiscal quarter ended September 30, 2002. The decrease was primarily
attributable to the provision for taxes in the fiscal quarter ended September
30, 2003 as noted above.

LIQUIDITY AND CAPITAL RESOURCES

         Cash and cash equivalents totaled approximately $2.1 million at
September 30, 2003, compared to approximately $366 thousand at June 30, 2003.
Cash provided by operations increased by approximately $169 thousand in the
three months ended September 30, 2003, primarily due to a smaller increase in
our investments in working capital compared to the three months ended September
30, 2002.

         The increase in cash from operating activities for the fiscal quarter
ended September 30, 2003, compared to September 30, 2002, was attributable to
the increase in sales realized by the Company during the quarter and the
increase in inventory, accounts payable and accrued expenses was primarily
attributable to the Company's acquisition of inventory to support the increased
demand for its products during the quarter, which was partially offset by a
decrease in accounts receivable.

         The Company used approximately $24 thousand in cash in investing
activities during the three month period ended September 30, 2003, compared to
approximately $114 thousand for the same period in fiscal 2003. The decrease was
due to the increase in capital expenditures in the prior year when the Company
expanded its warehousing facility in anticipation of increased sales volume. The
Company expects to spend approximately $150 thousand on additional property and
equipment in fiscal 2004.




                                       8
<PAGE>

         The Company generated approximately $1.5 million from financing
activities for the three months ended September 30, 2003. The cash generated
from financing activities was from the issuance of common stock upon the
exercise of common stock warrants and options of approximately $1.4 million and
borrowings under the company's revolving line of credit of $250 thousand,
partially offset by the purchase of treasury shares of approximately $40
thousand and the payments of dividends of approximately $224 thousand during the
period. For the same period in fiscal 2003, the Company generated approximately
$151 thousand from financing activities, which was due to a net increase in
outstanding debt of approximately $247 thousand, partially offset by purchases
of treasury shares of approximately $95 thousand.

         Current assets totaled approximately $8.9 million at September 30,
2003, providing the company with working capital of approximately $5.9 million.

         The Company's principal external source of liquidity is its $5.0
million revolving line of credit with Bank of America, N.A. (the "Line of
Credit"). The Line of Credit matures on July 15, 2004, and is secured by all of
the Company's assets. At the Company's option, borrowings under the Line of
Credit bear interest at the prevailing prime rate (4.0% at September 30, 2003)
plus 0.5% or 3 month LIBOR (1.16% at September 30, 2003) plus 3%. The Line of
Credit permits the Company to borrow against up to 85% of its eligible accounts
receivable and 40% of its eligible inventory, but not to exceed $5 million. As
of September 30, 2003, $1.05 million was outstanding under the Line of Credit,
leaving the Company with approximately $2.3 million of additional availability
under the terms of the borrowing base formula of the Line of Credit.
Approximately $2.7 million was available at June 30, 2003. The Line of Credit
contains customary covenants and the Company must maintain certain financial
ratios pertaining to its net worth and ratio of debt to net worth. The Company
is currently in compliance with all financial covenants and management does not
believe that the financial covenants set forth in the Line of Credit will have
an adverse impact on its operations or future plans.

         Since June 30, 2003, the Company has received approximately $7.4
million from the exercise of 1.4 million of the approximately 4.2 million
outstanding warrants that were issued as a dividend to all stockholders of
record on May 26, 2000, as well as from the exercise of outstanding employee
stock options. The per share exercise price of the warrants is $5.00 per share
and the warrants expire on May 26, 2005. If the remaining 2.8 million warrants
were exercised, the Company would receive approximately $14.2 million from the
exercise of those warrants. No assurances, however, can be made that any
additional warrants will be exercised.

         As announced by the Company in a press release dated October 7, 2003,
Michael J. Blumenfeld, the Company's Chief Executive Officer and majority
shareholder, sold on a firm commitment basis directly to Roth Capital, 1,000,000
warrants formerly held by Mr. Blumenfeld at a per warrant price of $1.95. Those
1,000,000 warrants entitled the holder to purchase an aggregate of 1,000,000
shares of Collegiate Pacific's common stock for $5.00 per share. The
Registration Statement on Form SB-2 (No. 333-34294), which became effective on
April 7, 2000, covered the issuance and resale of the warrants and underlying
common stock, including Mr. Blumenfeld's sale of his warrants.

         Under the terms of the offering, Roth Capital immediately exercised the
warrants and the company issued 1,000,000 shares of its common stock directly to
Roth Capital. Roth Capital sold these shares to institutional investors at a
price of $6.95 per share. Collegiate Pacific received $4,550,000, net of
commissions and expenses of approximately $450,000, from the exercise of the
warrants. The Company intends to use the net proceeds for working capital and
general corporate purposes, as well as to finance any strategic acquisitions the
company may decide to pursue.





                                       9
<PAGE>

         We believe the Company will satisfy its short term and long-term
liquidity needs from borrowings under the Line of Credit, cash flows from
operations, and proceeds received from the exercise of outstanding warrants. We
may experience periods of higher borrowing under the Line of Credit due to the
seasonal nature of the Company's business cycle. We are actively seeking
expansion through acquisitions and/or joint ventures, and the success of such
efforts may require additional bank debt, equity financing, or private
financing.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

         The Company occasionally makes forward-looking statements concerning
its plans, goals, product and service offerings, and anticipated financial
performance. These forward-looking statements may generally be identified by
introductions such as "outlook" for an upcoming period of time, or words and
phrases such as "should", "expect", "hope", "plans", "projected", "believes",
"forward- looking" (or variants of those words and phrases) or similar language
indicating the expression of an opinion or view concerning the future.

         These forward-looking statements are subject to risks and uncertainties
based on a number of factors and actual results or events may differ materially
from those anticipated by such forward-looking statements. These factors
include, but are not limited to: the growth rate of the Company's revenue and
market share; the consummation of new, and the non-termination of, existing
contracts; new competitors entering the Company's business, the Company's
ability to effectively manage its business functions while growing its business
in a rapidly changing environment; the Company's ability to adapt and expand its
services in such an environment; the Company's ability to successfully refinance
or extend its line of credit or obtain alternative sources of financing; the
effective and efficient management of the Company's inventory levels and
processing of sales orders; the quality of the Company's plans and strategies;
and the Company's ability to execute such plans and strategies.

         In addition, forward-looking statements concerning the Company's
expected revenue or earnings levels are subject to many additional uncertainties
applicable to competitors generally and to general economic conditions over
which the Company has no control, including, but not limited to, material
adverse changes in the economic conditions in the Company's markets, including
as a result of terrorist attacks, competition from others, the amount, if any,
the Company may receive from the exercise of outstanding stock options and
warrants, and the ability to obtain and retain key executives and employees. The
Company does not plan to generally publicly update prior forward-looking
statements for unanticipated events or otherwise and, accordingly, prior
forward-looking statements should not be considered to be "fresh" simply because
the Company has not made additional comments on those forward-looking
statements. See the risk factors set forth in the Company's Annual Report on
Form 10-KSB for the fiscal year ended June 30, 2003.

ITEM 3. CONTROLS AND PROCEDURES.

         Evaluation of Disclosure Controls and Procedures. Within the 90 days
prior to the date of this report, the company carried out an evaluation, under
the supervision and with the participation of the company's management,
including the company's Chief Executive Officer and Chief Financial Officer, of
the effectiveness of the design and operation of the company's disclosure
controls and procedures. Based upon that evaluation, the Chief Executive Officer
and Chief Financial Officer concluded that the company's disclosure controls and
procedures are effective in timely alerting them to material information
relating to the company required to be included in the company's periodic SEC
filings.





                                       10
<PAGE>

         Changes in Internal Controls. There were no significant changes in the
Company's internal controls or in other factors that could significantly affect
these controls subsequent to the date of their evaluation, including any
corrective actions with regards to significant deficiencies and material
weaknesses.






                                       11
<PAGE>


                           PART II. OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

A.       Exhibits.

         The following exhibits are filed as part of this report:


Exhibit
Number                              Exhibit


3.1      Articles of Incorporation (1)

3.2      Bylaws (1)

21       Subsidiaries (2)

31.1     Section 302 Certification of Principal Executive Officer.*

31.2     Section 302 Certification of Principal Financial Officer.*

32.      Section 906 Certifications of Principal Executive and Principal
         Financial Officers.**



----------
*        Filed herewith

**       Furnished herewith

(1)      Previously filed as an exhibit to the company's Form 8-A dated
         September 9, 1999.

(2)      Previously filed as an exhibit to the company's Annual Report on Form
         10-KSB for the fiscal year ended June 30, 2001.

B.       Reports on Form 8-K.

         None.



                                       12
<PAGE>


                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.

                                    COLLEGIATE PACIFIC INC.



Dated: November 13, 2003            /s/ Michael J. Blumenfeld
                                    --------------------------------------------
                                    Michael J. Blumenfeld, Chairman and
                                    Chief Executive Officer


                                     /s/ William R. Estill
                                    --------------------------------------------
                                    William R. Estill, Chief Financial Officer
                                    (Principal Financial and Accounting Officer)




                                       13
<PAGE>




                                  EXHIBIT INDEX


<Table>
<Caption>
EXHIBIT
NUMBER                              EXHIBIT
-------                             -------

<S>      <C>
3.1      Articles of Incorporation (1)

3.2      Bylaws (1)

21       Subsidiaries (2)

31.1     Section 302 Certification of Principal Executive Officer.*

31.2     Section 302 Certification of Principal Financial Officer.*

32.      Section 906 Certifications of Principal Executive and Principal
         Financial Officers.**
</Table>


----------
*        Filed herewith

**       Furnished herewith

(1)      Previously filed as an exhibit to the company's Form 8-A dated
         September 9, 1999.

(2)      Previously filed as an exhibit to the company's Annual Report on Form
         10-KSB for the fiscal year ended June 30, 2001.