CSBR: .11x.13, news on diversify into the high-technology area
ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 23, 2000--Champions Sports,
Inc. (NASDAQ Bulletin Board: CSBR), best known for its success in the
sports themed restaurant business, today announced its intent to
diversify into the high-technology area by expanding the management
team to focus on business opportunities in that sector.
To accomplish this diversification, Champions signed agreements
with James J. Heigl Jr. and Harry A. Lee to take lead management roles
in the Company. Heigl joins Champions as its Chairman and CEO, and Lee
joins as COO and Director.
Heigl, a West Point graduate, was a long time executive with
Litton Industries and Novadyne Computer Systems before becoming active
as an entrepreneur involved with many emerging technology companies.
Heigl has been a highly active and visible member of the information
technology community for 30 years.
Lee, a Naval Academy graduate with over 20 years in information
technology and technology management, founded and recently sold
Gestalt Systems, Inc., a pioneer and leader in Technology Training,
Certification and Courseware Development. As an active venture capital
investor and founder of The CEO Advisory Group, Lee has worked with
many emerging technology companies guiding and advising new CEO's to
assure their success.
James Martell, President of Champions Sports, Inc. said, "In Heigl
and Lee, Champions has gained seasoned leadership, management
experience and a great entrepreneurial spirit and talent to capitalize
on business opportunities in high-technology."
This press release contains "forward-looking statements" (within
the meaning of the Private Securities Litigation Reform Act of 1995)
that inherently involve risks and uncertainties. All statements other
than statements of historical information provided herein may be
deemed to be forward-looking statements. The Company's actual results
could differ materially from those anticipated in these
forward-looking statements as a result of unforeseen external factors.
These factors may include, but are not limited to, changes in general
economic conditions, customer acceptance of products or services
offered and other general competitive factors. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
reflect management's analysis, judgment, belief or expectation only as
of the date hereof. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof.
--30--CRB/ph*
CONTACT: Champions Sports, Inc.
James Martell, 703/526-0400 |
