SportsNuts.com Engages Salt Lake Capital to Provide Key Financial Advisory
Services; Merchant Bank Gives Company Access to Several Strategic Partnership
Opportunities
Business Editors/High-Tech Writers
SALT LAKE CITY--(BUSINESS WIRE)--Nov. 9, 2000--SportsNuts.com
(OTCBB:SPCI) Thursday announced that it has engaged the services of
Salt Lake Capital, a financial advisory and merchant banking firm, to
provide strategic financial advisory services.
With offices in Dallas and Salt Lake City, Salt Lake Capital
provides a variety of business and financial services to emerging
growth companies.
Commenting on the agreement, Brian Hazelgren, a partner of Salt
Lake Capital, stated, "We welcome the addition of SportsNuts.com to
the portfolio of cutting edge technology-based companies represented
by Salt Lake Capital. With our assistance, we believe that the company
has the potential to become a significant force within its industry,
particularly as the leader of an overall consolidation strategy.
"With this strategy, we also intend to introduce the company to
several clients and other strategic sources associated with Salt Lake
Capital to provide key partnership possibilities."
"The agreement with Salt Lake Capital is a critical building block
in shaping the future financial and operational direction of
SportsNuts.com," stated Kenneth Denos, president.
"We believe that this relationship will help us emphasize our core
strengths within this industry, particularly in leveraging its
technology. In addition, the breadth of expertise available at our
disposal through Salt Lake Capital will help us facilitate crucial
relationships with other companies in related industries.
"The skills and contacts of Salt Lake Capital, together with the
proximity of our Salt Lake City offices, make this an ideal working
arrangement for SportsNuts.com."
About SportsNuts.com
SportsNuts.com (www.sportsnuts.com) is a leader in providing
Internet-based tools that enable teams, leagues, and players to build
their own online sports communities. Community members publish
schedules, statistics, pictures, videos, and articles for free -- all
in a safe, secure, and easy-to-use website.
SportsNuts.com is the emerging technology leader in sports
information systems. The company's mission is to build a world-class,
online amateur sports portal -- providing fans, players, and coaches
with the tools they need to manage the sports they play.
About Salt Lake Capital
Salt Lake Capital (SLC) is a merchant bank that works with
emerging growth companies to develop business strategies and assist
with bridge and long-term financing. SLC helps companies discover,
evaluate, and consummate strategic relationships to strengthen their
core businesses, and provides critical analysis of issues affecting
their clients and the industries in which they operate.
SLC also assists with financial structure, negotiations, and
planning. SLC has clients throughout the United States in a variety of
industries, focusing on sports and technology ventures, consumer
services, transportation, and commercial real estate. SLC is currently
building a $100 million to provide for direct investment into their
portfolio of clients.
Questions concerning this release should be directed via
electronic mail to corpinfo@sportsnuts.net, or by regular mail to
SportsNuts.com c/o Kenneth Denos, President, at The Towers at South
Towne II, 10421 South 400 West, Suite 550, Salt Lake City, UT 84095.
This press release contains certain "forward-looking statements,"
as defined in the United States Private Securities Litigation Reform
Act of 1995, that involve a number of risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and
the actual results and future events could differ materially from
management's current expectations.
Such risk factors are detailed from time to time in the company's
filings on forms 10-QSB, 10-KSB, and 8-K with the U.S. Securities and
Exchange Commission and other regulatory authorities.
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CONTACT: DeMonte Associates, New York
212/473-3700 |
