Sports Resorts (NASDAQ:SPRI)
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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.