Company: LCS Golf Inc.
Symbol: LCSG
Exchange: OTC:BB
52 Week Low-High: $0.13 / 3.00
Current Price: $2.72
********************************************************* PROJECTS 50,000 SUBSCRIBERS OVER THE NEXT 24 MONTHS
EQUATING TO APPROXIMATELY $12 MILLION IN ANNUALIZED
REVENUES New York, NY - March 30, 1999 - LCS Golf is pleased to announce that its
wholly-owned subsidiary of GolfUniverse.com will soon offer internet access.
GolfUniverse.com is utilizing Cincinnati,Ohio -based RACO Industries and
Dallas, TX - based CCISI Internet Solutions, Inc to provide them with this
capability. RACO Industries is an internet service marketing concern. RACO
works in conjunction with Network 2 and CCISI in the creation of this turnkey
solution. Network 2 utilizes the fiber optic technology of Sprint Corp
(NYSE: FON). Under the terms of the agreement, GolfUniverse.com will be provided with
all of the back-end service and infrastructure to be able to offer this service.
GolfUniverse.com will be given an 800 toll free number for customers to sign
up and receive 24 hour support. Similar to other major internet service
providers, GolfUniverse.com will be able to provide sign up disks that will be
customized to suit the company’s needs. GolfUniverse.com anticipates
offering the service at $19.95 per month for unlimited access. The Company will be utilizing its extensive marketing capability to reach
potential new customers. For example, LCS will be able to leverage its 3.2 million golfer database through its
recent new acquisition of Golf Promo, Inc. LCS will be able to take advantage of its traffic to GolfUniverse.com. The
site has been averaging 40,000 hits per day. LCS will be using its new strategic partner Las Vegas to generate further
awareness of its internet service. GolfUniverse.com will be implementing a strong promotional program to
incent individuals to utilize their service. Users of the GolfUnverse.com
internet service will have access to an exclusive "members only" area.
Some of the benefits that this area will offer include: Special discounts on golf equipment.
Three free months of Play Golf Now membership
Automatic entry into any sweepstakes drawings for golf vacations and golf
equipment
Car rental discounts
Free CD-ROM with detailed golf course and other golf information. LCS Golf is currently in discussion with a number of company’s to secure
additional incentive benefits to prospective internet service customers. The new service offering by GolfUniverse.com is seen as highly significant
for LCS for the following reasons: It will provide a new major form of recurring revenue to LCS Golf. Because GolfUniverse.com ISP customers will automatically logon to the
GolfUniverse.com web site, the number of hits will not only automatically
grow substantially but also will result in significantly increasing the site’s
attractive to advertisers. It will act as another method by which LCS will be able to increase its
already vast database of golfers. GolfUniverse.com expects to be fully operational and equipped to offer this
new service within 30 days. This service will be available to 93% of the
United States populations. Commenting on the company’s entrance into the internet service provider
market, LCS Golf President and CEO, Dr. Michael Mitchell stated, "
GolfUniverse.com’s ability to provide internet access is critical in the
corporate development of LCS Golf. With the target marketing power that
we now have, we will be able to offer our service to golf enthusiasts to 93%
of the country. The significance to the company overall is major and will
almost assuredly elevate the company to another level our ongoing effort to
become the preeminent direct marketer to golf enthusiasts. LCS Golf is a holding company that intends on taking advantage of
opportunities in the golf and golf-related industries. In the last 10 months,
the Company has completed four strategic acquisitions including
GolfUniverse.com, Mister B III, Play Golf Now and Golf Promo, Inc. The Private Securities Litigation Reform Act of 1995 provides a
''''safe harbor'''' for forward-looking statements. Certain information included in
this press release (as well as information included in oral statements or other
written statements made or to be made by LCS) contains statements that are
forward-looking, such as statements relating to the future anticipated
direction of the golf industry, plans for future expansion, various business
development activities, planned capital expenditures, future funding sources,
anticipated sales growth and potential contracts. Such forward-looking
information involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements made by or on
behalf of LCS. These risks and uncertainties include, but are not limited to,
those relating to development and expansion activities, dependence on
existing management, financing activities, domestic and global economic
conditions, changes in federal or state tax laws and market competition
factors. Contact: Alon D. Kutai,
LCS Golf investor relations - 401-846-5212
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