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Prosperity Bancshares Inc. Message Board

  • FinancialSolutionsWebcom FinancialSolutionsWebcom Apr 30, 1999 2:34 PM Flag

    SPGK Spaulding Sports Group News Releas

    SPGK News Out!!

    Sports Group
    International Inc. Announces Letter of Intent for Exclusive
    Marketing & Distribution Agreement


    SCOTTSDALE,
    Ariz.--(BUSINESS WIRE)--April 30, 1999--Sports Group International
    Inc. (OTC BB:SPGK) Friday announced that it has signed
    a Letter of Intent for an exclusive Marketing and
    Distribution Agreement with Realpure Beverage Group LLC.


    A final agreement is expected to be reached and
    signed within the next seven to 10 days.

    Sports
    Group International and Realpure Beverage Group expect
    to generate minimum revenue of $40 million over the
    next 3-1/2 years under this agreement.


    Realpure Beverage Group has water wells producing natural
    spring water and artesian well water in Simpson County,
    Miss. The wells, founded in 1917, produce in excess of
    a million gallons per day of natural spring water
    and have a reservoir life of more than 200 years.


    The company's manufacturing and warehousing
    facilities presently exceed 34,000 square feet and
    construction for an additional 52,000 square feet is planned
    to be completed by July 1999. Within these
    facilities, Realpure will manufacture and bottle Spalding
    Sports Drinks, pursuant to an exclusive license granted
    by Sports Group International and distribute the
    products throughout the United States and Mexico.


    Spalding Sports Drinks have superior taste and added
    vitamins, containing the thirst-quenching purity of natural
    spring water. Realpure will manufacture and distribute
    Spalding Sports Drinks across their satellite plants to be
    strategically located near major consumer markets.


    Sports Group International is the exclusive licensee of
    Spalding Sports Worldwide for the beverage industry and is
    currently engaged in the sales and distribution of
    beverages in the water/sports drink category under such
    names as "Spalding Sports Drinks" and "Spalding Sports
    Water Pure Energy" throughout the United States and
    Mexico. Visit the company's Web site at
    www.sportsgroupintl.com.

    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 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


    http://www.financialsolutionsweb.com
    4[u0gj8dt

 
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