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Technology Stocks : Sports Group International (SPGK) Coverage has been issued -- Ignore unavailable to you. Want to Upgrade?

To: Safe Cents who wrote (35)	5/26/1999 11:12:00 AM
From: Safe Cents	Read Replies (1) \| Respond to of 50

Here's Wednesday's News... Sports Group International, Inc. Announces the Acquisition of Frullati Bakery & Cafe SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 26, 1999--Sports Group International, Inc. (OTC BB:SPGK), today announced that through its recent infusion of $6.5 million, it has purchased the Frullati Bakery Cafe company. Frullati Bakery & Cafe operates ninety stores in the Midwest and Southern United States. Approximately fifty stores are franchised and forty are held corporately. There are currently fifteen stores under development. The stores are operated in regional malls, airports, medical buildings and health clubs, offering nutritious smoothies/juice drinks and baked goods. Frullati Bakery & Cafe generated approximately $30 million in revenue system-wide in 1998. Frullati is an Italian word for 'fruit drink.' Founded in 1985, the Frullati chain offers a healthy alternative to fast food with a wide variety of menu items including smoothies, garden salads, sandwiches, soups and baked goods. This purchase by Sports Group furthers the corporate goal of securing its place as a leader in the smoothie/juice bar industry. The company hopes to be listed on NASDAQ by the end of the 3rd quarter or early 4th quarter 1999. The addition of Frullati Bakery & Cafe combined with Surf City Squeeze stores brings the current number of smoothie/juice bar stores owned by Sports Group International, Inc to over 225 nation-wide. System-wide sales for Sports Group in 1999-2000 are expected to exceed $60 million. Please visit the Company's website at www.sportsgroupintl.com or www.frullati.com. This press 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 described in the Company's registration statements and periodic reports on file with the SEC. CONTACT: Investors Communications Group Inc., 800/368-5138 cedric2@earthlink.net KEYWORD: ARIZONA CALIFORNIA With revenues this will be a $6 stock in a couple of months.