PROFORM GOLF EXPANDS IN MULTI-BILLION DOLLAR INDUSTRY
SAN FRANCISCO, CA – November 28, 2001 – (Business Wire) – PROform golf, inc. (OTCBB:PGLF; “PROFORM”), which specializes in golf instruction, is expanding its reach in the multi-billion dollar golf industry with a new focus on golf course management. PROform simultaneously announced it will be partnering with the New Golf Properties, an entity that will be responsible for acquisition of golf course properties, which PROform will then manage.
PROform anticipates a successful
first letter of intent in by the end of the current calender year, according to
President Kevin Miller, and plans to fund the purchase of as many as five
additional golf courses in the next 18 months. PROform will bring the personnel
together to manage the properties and New Golf Properties will package the
properties into financially viable, income-producing partnerships. PROform and
New Golf Properties believe the economic market is right for investors to seek
income-producing investments.
About PROform golf, Inc.
PROform Golf (www.proformgolf.com) runs Destination Golf Schools at golf resorts and facilities nationwide. PROform’s “Optimum Impact System”, a system of golf instruction that addresses the physical, mental and mechanical aspects of the game, has helped over 20,000 golfers improve their game. The company also licenses its golf instruction systems to independent instructors.
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities and Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involved risks and uncertainties including, without limitation, unforeseen changes in the course of research and development activities and in clinical trials, possible changes in cost and timing of development and testing, capital structure, and other financial items; changes in approaches to medical treatment and introduction of new products by others; possible acquisitions of other technologies, assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.
Contact:
PROform Golf, San Francisco
Kevin Miller, 303/458-1000