I LIKE, I LIKE
This is the third acquisition in a month....this one is the biggest of the three so far, and if you read it closely it sounds like another, BIGGER acquisition is in the works (for an 18hole LIGHTED (for night play as well as day) executive golf course...I bolded this paragraph below...major $$$profits, revenues, and assets right there if they close that one)
Stock's current price is at the all-time low. Gooodie goodii..
Boob...2nd news release below
(PR NEWSWIRE) DJ: Customer Sports, Inc. in Agreement to Acquire Rancho Cuc DJ: Customer Sports, Inc. in Agreement to Acquire Rancho Cucamonga Range; Rancho Valley is Newest Acquisition
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.
/CONTACT: Edmund J. Irvine, Jr. of Customer Sports, Inc., 619-481-2400/
14:00 EDT |
