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

To: MaryinRed who wrote (187)	1/4/1999 5:31:00 PM
From: Robert Andrew	Read Replies (1) \| Respond to of 626

Happy Days! SRAD is out of the picture. The deal is off. Let's see what LCSG can do on their own. Rober A

To: MaryinRed who wrote (187)	1/4/1999 6:00:00 PM
From: Walter Brownlee	Respond to of 626

BW1454 JAN 04,1999 13:58 PACIFIC 16:58 EASTERN ( BW)(LCS-GOLF)(LCSG)(DRIV) LCS Golf Ends Talks to be Acquired by Securities Resolution Advisors Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 4, 1999-- Company Will File to Become Fully Reporting On Its Own LCS GOLF (OTC BB:LCSG) announced today that it has ended talks to be acquired by Securities Resolution Advisors (OTC BB:SRAD). After fully reviewing and exploring its options to expeditiously and cost effectively become a fully reporting company, LCS Golf has concluded and been advised by counsel that it will be able to so independently. The company has determined that the appropriate method to become fully reporting is through the filing and subsequent approval of the Form # 10 with the Securities and Exchange Commission. On December 29, 1998, LCS Golf announced that it had entered into a letter of intent to be acquired by Securities Resolution Advisors. The objective was to expedite and more cost effectively allow LCS Golf to become a fully reporting company with the Securities and Exchange Commission. Commenting on the decision to become fully reporting on its own, LCS Golf President and CEO Dr. Michael Mitchell stated, "Our attorney's have advised us that we can become fully reporting in a similar time frame and cost effective manner on our own. As such, it is our objective to become a fully reporting company within 90-days. I cannot emphasize strongly enough that our paramount objective is to maximize shareholder value. Being a fully reporting company will give us a significant amount of added credibility within the investment community. Now I can comfortably say that we will be able to complete this task by ourselves." LCS Golf is a holding company that plans on 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 Investor Relations 401/846-5212 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMED INTERACTIVE/MULTIMEDIA/INTERNET SPORTS