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
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