LCS Golf Inc. Announces Termination of Letter of Intent With T-19 Inc.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 2, 2002--LCS Golf (OTCBB:LCSG - news) announced today that it is not preceding under the letter of intent to effect the merger with T-19 Corporation.
Based upon the completion of Due Diligence, the company will no longer continue talks with T-19 Corporation.
The financing with the Pickens Group has been cancelled.
The company is committed to exploring other opportunities and financing.
Disclaimer: Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
--------------------------------------------------------------------------------
Contact:
TI Communications, Naples, Fla.
Jeff Schuler, 1-888-753-7080 |
