SPRI Sports Resorts International (MM)

Sports Resorts International, Inc. Reports Third Quarter 2004 Results OWOSSO, Mich., Nov. 12 /PRNewswire-FirstCall/ -- Sports Resorts International, Inc. (the "Company") (NASDAQ:SPRI) today reported its operating results for the third quarter of 2004. For the quarter ending September 30, 2004, Sports Resorts recorded revenue of $7,078,000 as compared to revenue of $8,018,000 for the same period in 2003. For the quarter ending September 30, 2004, the Company reported a net loss of $200,000 or $(0.00) per share. For the same period in 2003, the Company reported net income of $944,000 or $0.02 per share. Net income for the third quarter of 2003 included an income tax benefit of $638,000. For the nine months ending September 30, 2004 revenues were $17,520,000 with a net loss of $646,000. The Company reported revenues of $18,229,000 with net income of $617,000 for the same period in 2003 including the income tax benefit of $638,000 as described above. Year-to-date (loss) earnings per share was $(0.01) and $0.01 for 2004 and 2003, respectively. The Company's 2004 Third Quarter Report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission and is available from the Company upon request. Currently, the Company through its wholly-owned subsidiaries, manufactures and markets high-quality drop-in bedliners and other truck accessories for the original equipment manufacturers and automotive aftermarket business and owns and operates a multi-purpose motor-sports facility located near Brainerd, Minn. Certain statements included in this press release are "forward-looking" statements, such as those relating to anticipated events or activities. The Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to financial, economic, regulatory and political factors as described in the Company's filings with the Securities and Exchange Commission. Therefore, current or prospective investors are cautioned not to place undue reliance on any such forward- looking statements. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events. DATASOURCE: Sports Resorts International, Inc. CONTACT: Investor Relations, +1-989-725-8354, or Greg Strzynski, +1-989-725-8354, both of Sports Resorts International, Inc.

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