Sports Resorts International, Inc. to Sell its Minnesota Motor Sports Facility
18 Noviembre 2004 - 5:05PM
PR Newswire (US)
Sports Resorts International, Inc. to Sell its Minnesota Motor
Sports Facility OWOSSO, Mich., Nov. 18 /PRNewswire-FirstCall/ --
Sports Resorts International, Inc. (the "Company") (NASDAQ:SPRI)
today announced its intent to sell its multi-purpose motor sports
facility located near Brainerd, Minnesota. The Company is selling
the Brainerd facility in an effort to concentrate on its
manufacturing operations located in Michigan. The facility, which
hosts various spectator events such as drag and road races for cars
and motorcycles, includes a one-quarter mile drag strip and
three-mile road course and consists of approximately 650 acres of
land. The facility also includes "Raceway 66," a combined
convenience store and gas station adjacent to the property. Sports
Resorts will continue to operate the facility during 2005 until it
is sold and is planning to hold events similar to those held at the
venue during 2004. In addition to its motor sports facility, 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. 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: Greg Strzynski, +1-989-725-8354, or for further
information: Investor Relations, +1-989-725-8354, both of Sports
Resorts International, Inc.
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