Sports Resorts (NASDAQ:SPRI)
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Complaint Filed by UBUY Holdings, Inc. Against Sports Resorts
International, Inc. and Donald J. Williamson Dismissed
OWOSSO, Mich., Oct. 15 /PRNewswire-FirstCall/ -- A complaint filed by UBUY
Holdings, Inc. and Steven Bazsuly against Sports Resorts International, Inc.,
(the "Company") (NASDAQ:SPRI) and Donald J. Williamson, the Company's majority
shareholder, has been dismissed.
The complaint, which was originally filed on June 16, 2003 in the United States
District Court for the Southern District of Florida (case no. 03-61165)
involved the termination of a non-binding letter of intent entered into the
first quarter of 2000, pursuant to which SPRI was to invest in UBUY Holdings,
Inc. The complaint sought damages in excess of $75,000.
SPRI, through its subsidiaries, manufactures and sells bedliners and other
truck accessories to original equipment manufacturers and in the aftermarket,
and owns and operates a multi-purpose motor sports facility located near
Brainerd, Minnesota.
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: Gregory T. Strzynski, Chief Financial Officer of Sports Resorts
International, Inc., +1-989-725-8354