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Monday December 28, 4:45 pm Eastern Time
Company Press Release
Securities Resolution Advisors, Inc. Enters into Letter
of Intent to Acquire Golf Universe, Inc. and Mr. 'B'
III Inc. Which have Combined Revenue of $1,300,000
for Calendar 1998
PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--Dec. 28, 1998-- Securities Resolution Advisors Inc. (OTC BB:
SRAD - news) ''SRAD'' announces that it has entered into a Letter of Intent to acquire 100% of the issued and outstanding
shares of Golf Universe Inc. and Mr. ''B'' III Inc. (collectively referred to as the ''Companies''). Currently, the Companies
are owned by LCS Golf Inc. (OTC BB: LCSG - news; ''LCS'') which after completion of the transaction, will make LCS the
majority shareholder of SRAD.
Pursuant to the terms of this Letter of Intent, the parties are to have executed a definitive stock purchase agreement by
December 31, 1998 with an anticipated closing of January 31, 1998.
Currently, the Companies' joint ventures for 1998 are $1,300,000 and their acquisition will mark a new direction in SRAD's
business plan, the ultimate goal of which is to enhance shareholder value. SRAD expects 1999 revenues for the Company to
grow to approximately $8,000,000 for the Companies.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the
forward-looking statement and assumption upon which forward-looking statements are based are reasonable, it can give no
assurance that such expectations and assumptions will prove to have been correct.
Contact:
Securities Resolution Advisors Inc.
Dean Curry
Director of Marketing
1-800-501-7171
More Quotes
and News:
LCS Golf Inc (OTC BB:LCSG - news)
Securities Resolutions Advisors Inc (OTC BB:SRAD - news)
Related News Categories: banking, entertainment
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