Another interesting sports company...Brand new on otc...lance...what do ya think...
ciVic
March 16, 1999 20:13
Sports Group International Inc. Announces First
Acquisition
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PALM DESERT, Calif.--(BUSINESS WIRE)--March 16, 1999--Investors
Communications Group Inc., the public relations firm acting on behalf of Sports Group
International Inc., Tuesday announced an investor's opinion in order to notify analysts,
brokers, market makers, institutional and retail investors, as well as media
representatives, that its client, Sports Group International Inc., a leading sports beverage
company, has started trading under the symbol OTC BB:SPGK.
Visit the Web site at: www.sportsgroupintl.com.
Sports Group International announced the acquisition of SGI, the exclusive licensee of the
Spalding Sports Worldwide name for the beverage industry. It is currently engaged in the
sales and distribution of beverages in the water/sports drink category under such names
as "Spalding Sports Drinks" and "Spalding Sports Water Pure Energy" throughout the
United States, Mexico and Canada. SGI has many prominent celebrity athletes active in
the promotion of the company as well as shareholders, including such names as Joe
Namath, Kiki Vandeweghe, Larry Holmes and Clyde Drexler. According to Beverage
World Magazine, in 1997 the fruit beverage, sports drink and bottled water markets
accounted for more than $12 billion in retail sales.
Sports Group International also announced that along with its acquisition of SGI, it has
purchased Surf City Squeeze, a smoothie/juice bar company with over 110 stores in the
United States. Surf City Squeeze had over $17 million in system wide sales in 1998.
According to Entrepreneur Magazine, the health and nutrition industry is a $17 billion a
year business.
Board of director member Vandeweghe feels that the acquisitions of SGI and Surf City
Squeeze are a natural progression to the healthy lifestyle of the American consumer. The
evolution of the smoothie/juice bar concept as a healthy alternative to a meal mirrors the
health conscious message that SGI has always tried to convey. The company will
continue to do business as Sports Group International Inc.
Further information can be obtained from Investors Communications Group Inc. at:
800/368-5138; E-mail: cedric2@earthlink.net.
This news release contains forms of forward-looking statements that are based on the
company's beliefs as well as assumptions made by and information currently available to
the company. Such statements are subject to certain risks, uncertainties and
assumptions that are identified and described in the company's registration statements
and periodic reports on file with the SEC.
CONTACT: Investors Communications Group Inc.
800/368-5138
cedric2@earthlink.net
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