To: SSP who wrote (11647 ) 10/12/1999 3:36:00 PM From: Jim Bishop Respond to of 150070
STWW moved on merger news, shaking down now. STUART, Fla., Oct 12, 1999 (BUSINESS WIRE) -- Sterling Worldwide Corp. (OTC BB: STWW) announced Tuesday that it has completed a merger with Florida-based Sun Quest International Development Inc., an internationally recognized golf resort development company. Sun Quest President John Boyd has over 20 years of experience in construction, development, and project management for clients around the world. Boyd's management team at Sun Quest is equally impressive, with decades of experience and a wealth of industry contacts. Boyd is quoted as saying: "We are pleased to bring an operational, hands-on management style and strength to Sterling. Our experienced personnel combined with the company's already significant resort holdings will provide a solid platform to build and grow." This newly combined public company will operate as "Sun Quest International Development Inc." and be based in Stuart. The companies have over $50 million in prime real estate in Florida and Aruba, which includes the Tierra del Sol Resort and Country Club, the company's flagship golf course resort development. Tierra del Sol is Aruba's first and only world-class championship golf course and is situated on 600 acres of Aruba's most dramatic landscape on the Island's northern shore. This exclusive community of condominiums, patio homes, cottage homes and custom estate homes and lots is currently expanding in a secure, resort style setting. The 18-Hole Championship Golf Course is the proud creation of renowned golf course designer Robert Trent Jones II. From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and a forward-looking statement should be considered accordingly. Copyright (C) 1999 Business Wire. All rights reserved.