B: SportsNuts.com Engages Salt Lake Capital to Provide Key F
B: SportsNuts.com Engages Salt Lake Capital to Provide Key Financial Advisory
Services; Merchant Bank Gives Company Access to Several Strategic Partnership
Opportunities
SALT LAKE CITY, Nov 9, 2000 (BUSINESS WIRE) -- 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.
CONTACT: DeMonte Associates, New York
212/473-3700
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