Customer Sports, Inc. in Agreement to Acquire Rancho Cucamonga Range; Rancho Valley is Newest Acquisition
PR Newswire - August 10, 1998 14:15
SAN DIEGO, Aug. 10 /PRNewswire/ -- Customer Sports, Inc. (OTC Bulletin Board: CTMR) announced today that the Company's Community Golf Centers division has acquired the operating rights of the Rancho Valley Golf Center in Rancho Cucamonga, California. Customer Sports reached agreement with the operators of the facility and assumed management responsibilities on July 17th, 1998. The Community Golf flag will be officially raised sometime in August. Terms were not disclosed.
Rancho Valley is the second facility to be acquired in as many months. The facility is six years old, has 100 hitting stations, a 4,000 square foot retail presence, food and beverage and is situated next to the Rancho Cucamonga Earthquakes' new minor league stadium. Plans call for the conversion of the facility to a teaching and fulfillment center in concert with Community's membership program called the "Back Nine Golf Club." Situated in the foothills of the San Gabriel mountains along the I-10 freeway system and close to the historic Route 66, the area is one of spectacular growth with few competitive facilities.
Community is exploring the addition of a lighted 18 hole executive course adjacent to the site.
The Community Golf Centers division of Customer Sports is a promotions driven management company that acquires the 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 owner.
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, Inc.
/CONTACT: Edmund J. Irvine, Jr. of Customer Sports, Inc., 619-481-2400/
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