AREE - holding well at 0.02+/-. Goto areteoutdoors.com at check out the PowderRUSH in the Design Lab...
Arete Industries' Subsidiary Announces Mountain Acceptance and Orders From Copper Mountain Resorts
BOULDER, Colo., Oct. 3 /PRNewswire/ -- Arete Industries, Inc. (BB:AREE) announced that subsidiary, Arete Outdoors has received mountain acceptance and an initial order from Copper Mountain Resorts in Colorado (For more information on Copper Mountain Resorts, see www.ski-copper.com).
Photo: newscom.com
Larry Mortimer, Vice President Marketing and Sales of Arete Industries, "We are very proud to announce the Powder Rush Downhiller is approved for use at Copper Mountain Resorts beginning in the 2000-2001 ski season."
"We are excited to bring a fleet of Powder Rush Downhillers on board for our guests," said David Barry, Chief Operating Officer of Copper Mountain. "This family-friendly product will be available for rental at our new Mountain Adventure Center, located in the New Village at Copper."
Intrawest is the leading developer and operator of village-centered resorts across North America. The company owns ten mountain resorts, including Whistler/Blackcomb, North America's most popular mountain resort. Intrawest also owns Sandestin Golf and Beach Resort in Florida and has a premier vacation ownership business, Club Intrawest. The company has a significant investment in Compagnie des Alpes, the largest ski company in the world in terms of skier visits and a 45% interest in Alpine Helicopters Ltd., owner of the largest heli-skiing operation in the world. Intrawest Corporation's shares are listed on the New York (IDR) and Toronto (ITW) stock exchanges. The company is headquartered in Vancouver, British Columbia and is located on-line at www.intrawest.com.
Continues David Barry, "Arete Outdoors is an exciting young company with many new, innovative products on the horizon. In an effort to help them, Copper Mountain and the industry as a whole grow, we have granted Arete Outdoors access to our mountain for the purpose of testing future products. By offering our guest more recreation options, everybody wins."
"We are launching Arete Outdoors into the winter and summer alpine recreation market with its first three products: the SnowFang(TM) Snowshoes, the Powder Rush(TM) and the Dirt Rush(TM) Downhillers," said Mike Lowe, President of Arete Outdoors. "All of the products will be available to consumers through leading mountain resorts, outdoor retailers, other conventional distribution channels, and the Arete Outdoors' website, www.AreteOutdoors.com."
10/03/2000
CONTACT: Eric Popkoff, President of Undiscovered Equities Research, Inc., 516-371-7775, ir@areteindustries.com; or James Stock of Stock Enterprises, Inc., 702-614-0003, ir@areteindustries.com, both for Arete Industries, Inc./
Photo: NewsCom: newscom.com
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467/
Web site: intrawest.com
Web site: ski-copper.com
Web site: areteoutdoors.com
Web site: areteindustries.com
John :-)
ps: At 5000 shares for $100+/-, it's a heck of a good stocking stuffer...!!!
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