NEWS! Looks good.
Sports Group International (SPGK)
Surf City Squeeze, a Wholly Owned Subsidiary of Sports Group
International Inc., Enters Arabian and World Markets
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 5, 1999--Sports
Group International Inc.'s (OTC BB:SPGK) wholly owned subsidiary,
Surf City Squeeze, has executed a Master Franchise Agreement
with Al Mana International Est., a franchisee of Subway, to operate
Surf City Squeeze locations in the Arab countries of Qatar U.A.E.,
Saudi Arabia, Oman, Bahrain, Kuwait, Egypt, Lebanon and Jordan.
The Master Franchisee is committed under the terms of the
Agreement to open a minimum of 25 locations. The lease has been
executed for the first Surf City Squeeze location scheduled to open in
90 days in Saudi Arabia.
Surf City Squeeze is a juice bar company with in excess of 110
locations throughout the United States. Its business focuses on
directing, designing, building and franchising juice bar retail outlets
within targeted markets such as high image fitness clubs, upscale
shopping malls and university campuses.
Surf City Squeeze has Master Franchise Agreements in effect for
Canada and Portugal and is in communication with Master
Franchisee for operations in England.
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 periodic reports on file with the SEC.
CONTACT:
Investors Communications Group, Inc.
800/368-5138
financialsolutionsweb.com
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