TEEE.OB
Wednesday November 1, 9:32 am Eastern Time
Press Release
GolfRounds Changes Direction of Its Business
ATLANTA--(BUSINESS WIRE)--Nov. 1, 2000--GolfRounds.com, Inc. (OTC: TEEE - news) announced today that the company, which has over $3 million in cash and no liabilities, is engaged in discussions through its investment bankers, M. H. Meyerson & Co., Inc. (OTC: MHMY - news) with several privately held operating companies to merge their companies into GolfRounds.
The Company has not yet entered into any agreements and is only in the preliminary stages of negotiation. There can be no assurance that any such transaction will occur. The Company also announced that it has accepted the resignation of its President, Mr. Thomas Van Herwarde, and plans to seek strategic partners to maintain and expand the Company's GolfRounds.com and Skiingusa.com Internet websites.
The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. GolfRounds.com, Inc. undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
-------------------------------------------------------------------------------- |
