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Non-Tech : LCS Golf (LCSG) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Andrew who wrote (165)	12/29/1998 10:05:00 AM
From: Walter Brownlee	Read Replies (1) \| Respond to of 626

This makes it a little clearer; BW0036 DEC 29,1998 5:04 PACIFIC 08:04 EASTERN ( BW)(LCS-GOLF)(LCSG)(DRIV) LCS Golf Enters Into Letter of Intent to be Acquired by a Fully Reporting Company - Securities Resolution Advisors Inc. Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 29, 1998--LCS Golf (OTC BB:LCSG) is pleased to announce that it has signed a letter of intent to be acquired by Securities Resolution Advisors Inc. Securities Resolution trades on the OTC BB under the symbol SRAD and is a fully reporting company with the Securities and Exchange Commission. A definitive agreement is expected to be signed upon completion of due diligence. The specific terms are expected to be disclosed publicly upon the signing of the definitive agreement. The objective of the transaction is two-fold. First, it will expedite the process for LCS to become a fully reporting company. Secondly, LCS will enjoy a significant cost and time savings than if it filed to become fully reporting on its own. Commenting on the proposed transaction, Dr. Michael Mitchell, President and CEO of LCS Golf stated, "It has always been our plan to become a fully reporting company and eventually move to the Small Cap NASDAQ. My number one goal is to maximize LCS Golf shareholder value. Being a fully reporting company will give us a significant amount of added credibility within the investment community. Additionally, we stand to save many months and dollars associated with filing to become a fully reporting company." LCS Golf is a holding company that will be taking advantage of opportunities in the golf and golf-related industries. The company is currently negotiating a series of additional acquisitions which are intended to be synergistic in nature. LCS will continue to publicize the details of these acquisitions upon their completion. Since September 1998, LCS has completed the acquisition of GolfUniverse.com, www.golfuniverse.com a robust golf internet commerce and information web site, and Mister B III a Hialeah, Florida-based developer, manufacturer and distributor of consumer products. Mister B III is anticipating $6 million in sales for 1999. Additionally, the Company has forged strategic alliances with Play Golf Now, www.playgolfnow.com the internet's leading discount golf membership program and Digital River (NASDAQ:DRIV). LCS has selling rights to Digital River's massive 120,000 inventory of software products and will market selected golf software through GolfUniverse.com. On December 21, 1998, LCS Golf announced today that Amazon.com (NASDAQ:AMZN - news) had accepted the company to be a member of its "Associates" program. Under the terms of the agreement LCS GOLF will have full marketing rights to the products of Amazon.com over their GolfUniverse.com 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. --30--mm/bos* CONTACT: LCS Golf Alon D. Kutai, 401/846-5212 Investor Relations KEYWORD: NEW YORK INDUSTRY KEYWORD: SPORTS RETAIL