SportsNuts Making Waves in Watersports Community; SPCI Aiming to Increase Revenues with Wakeboarding Events
SALT LAKE CITY--(BUSINESS WIRE)--April 21, 2005--SportsNuts, Inc., (OTCBB:SPCI) is pleased to announce that its wholly owned subsidiary, The Intermountain Wakeboard Association (IWA), has entered an agreement with East Canyon State Park to host four of their wakeboard competition events during the summer 2005 season.
In a first for regional lakes, the IWA has come to an agreement with East Canyon State park to allow competition areas to be closed to the general boating public, allowing for better water conditions, and safer conditions, throughout the competition.
According to IWA President, Clayton Barlow, "East Canyon is one of the best venues to hold these type of events due to weather conditions, water conditions, locale and ease of viewing for the spectators.......and the addition of being able to run in closed areas is just amazing and a testament to how committed East Canyon State Park's Management is to the water sports community."
SportsNuts created IWA in order to increase the participation in competitive style wakeboarding and enhance the wakeboarding community as a whole. IWA's philosophy is simple, have fun and bring people to the water.
Kenneth Denos, CEO of SportsNuts, added, "The agreement between IWA and East Canyon indicates SportNuts commitment to improving the quality and profitability of community based athletic events. In addition, the events will allow SportsNuts to build upon our success in 2004 and help us in our goal of surpassing last years record revenue numbers."
SportsNuts is a sports management and marketing company, with a focus on community-based amateur athletics, providing unique solutions to the challenges faced by athletes and the organizations in which they participate. The Company helps organize and manage a wide variety of sports events, providing online registration and merchandise sales, event sponsorship, event coordination, and targeted promotion using technology and strategic media relationships. The Company seeks to be the emerging technology leader in sports information systems and the only organization of its kind to complement its technology solutions with offline marketing, sales, and support. The Company's mission is to become the ultimate resource for amateur and community event coordinators, administrators, athletes, fans and coaches.
SportsNuts endeavors to make events more profitable and efficient by promoting such events through various media channels, attracting corporate sponsorships, and providing technology tools to decrease administrative and personnel costs.
This press release contains certain ``forward-looking statements,'' as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such risk factors are detailed from time to time in the Company's filings on forms 10-QSB, 10-KSB, and 8-K with the U.S. Securities and Exchange Commission and other regulatory authorities.