May 26, 1999
Company Press Release

Sports Group International, Inc. Announces the Acquisition of Frullati Cafe & Bakery


SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 26, 1999--Sports Group International, Inc. (OTC BB:SPGK) Wednesday announced that through its recent infusion of $6.5 million, it has purchased the Frullati Cafe & Bakery company.

Frullati Cafe & Bakery operates ninety stores in the Midwest and Southern United States. Approximately fifty stores are franchised and forty are held corporately. There are currently fifteen stores under development. The stores are operated in regional malls, airports, medical buildings and health clubs, offering nutritious smoothies / juice drinks and baked goods.

Frullati Cafe & Bakery had system-wide revenue of approximately $30 million in 1998.

Frullati is an Italian word for "fruit drink". Founded in 1985, the Frullati chain offers a healthy alternative to fast food with a wide variety of menu items including smoothies, garden salads, sandwiches, soups and baked goods. This purchase by Sports Group International furthers the corporate goal of securing its place as a leader in the smoothie / juice bar industry.

The acquisition of Frullati Cafe & Bakery brings the current number of smoothie / juice bar stores owned by Sports Group International, Inc.

This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by and information currently available to the company. Such statements are subject to certain risks, uncertainties and assumptions that are identified and described in the company's registration statements and periodic reports on file with the SEC.

 

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