Customer Sports Inks Memorandums of Understanding; Former Range Company Executive Added To Staff
PR Newswire - June 29, 1998 14:59
SAN DIEGO, June 29 /PRNewswire/ -- Edmund J. Irvine, Jr., President of Customer Sports (OTC Bulletin Board: CTMR), announced today that, following extensive negotiations, the Company's First Tee Golf Centers division has prepared and forwarded memorandums of understanding to acquire operating rights at three driving range facilities in Southern California. The names and terms were not disclosed.
First Tee recently acquired the Double Eagle Driving Range in Temecula, California. Irvine said he expected to have the First Tee flag on three more facilities by October of this year.
First Tee Golf Centers is a promotions -- driven management company that acquires operating rights at existing driving ranges; improves and changes their image and performance; installs its Back Nine membership program; and creates brand identification under a profit-sharing agreement with the existing operator.
The Company also announced the appointment of Mr. Kenneth Ferrell, a PGA professional, as a special consultant to the Company. Mr. Ferrell was formerly Director of Golf Operations at Team Golf Corporation, a driving range management company, and will lend considerable operational talent and experience to First Tee.
Except for historical information, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Because of various risks and uncertainties, actual strategies and results in future periods may differ materially from those currently expected. Additional discussion of factors affecting the Company's business is contained in the Company's most recent filings with the Securities and Exchange Commission.
SOURCE Customer Sports
/CONTACT: Edmund J. Irvine, Jr. of Customer Sports, 619-481-2400/
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