U.S. Pro Golf Tour Presented by SportsQuest Plays $1 Million Invitational
Orlando, FL – February 19, 2008: The U.S. Pro Golf Tour Presented by SportsQuest, (OTCBB: SPQSE) a wholly-owned subsidiary of Greens Worldwide, Inc., (GRWW.PK) will kick-off its 2008 season at Buffalo Run Golf Course in the $1 Million Invitational, August 18-24, 2008. More than 300 professional golfers will compete in a 54-hole event, with the low 100 plus ties making the cut for a purse of $500,000, paying spots 11-100. The top-ten finishers will then take part in a dramatic, made-for-television, nine-hole shootout, with a $500,000 purse, awarding $120,000 to the winner.
The $1 Million Invitational will feature official tournament events, which include pro-am pairings parties, junior clinics and community-related social activities.
The weekly schedule for the $1 Million Invitational is:*
•Monday-Wednesday, August 18-20 Professional practice rounds
• Thursday-Saturday, August 21-23 54-hole event with $500,000 purse
•Saturday, August 23 18th green 54-hole check and trophy presentation,
Junior Clinic, Gala Dinner & Entertainment
•Sunday, August 24 Nine-hole shootout featuring ten finishers with $500,000 purse
• Sunday, August 24 18th green shootout check and trophy presentation
•Sunday, August 24 - $1 Million Invitational Pro-Am (Shotgun start following
shootout)
*Schedule of events subject to change at the discretion of the U.S. Pro Golf Tour
About the U.S. Pro Golf Tour Presented by SportsQuest
The U.S. Pro Golf Tour Presented by SportsQuest will rapidly become the nation's premier intermediary tour, featuring more than 300 talented young professional golfers representing 34 states and 12 countries. The Tour will deliver a “Big Tour” experience for players and spectators by providing first class amenities, including skybox and grandstand seating, scoreboards, celebrity pro-ams and corporate hospitality. In addition to its Championships, the Tour intends to develop a regional tour system.
The 2008 USPGT schedule, purses and formats of competition were developed after evaluating several different potential structures for the 2008 Tour. The 2008 USPGT Championships are designed to maximize the potential for player earnings, limit weekly expenses for the Tour and the players, give more opportunities for more players to make money by paying deeper into the field, earn substantial cash bonuses and allow scheduling so players can play a full schedule on a mini-tour of their choice with minimum conflict issues. The Tour will expand the schedule for 2009, but in general, USPGT events will have large purses and fewer events on its schedule. 2009 will also bring the regional system development into play and USPGT anticipates that Players will be able to compete at a regional level for lower than normal mini tour entry fees and costs, with access to the larger purse events of the USPGT
About SportsQuest, Inc.
SportsQuest, Inc. (OTCBB: SPQS) is a vertically integrated sports and entertainment marketing and management company, engaged in owning and operating sports entities and their support companies. SportsQuest, Inc. currently owns SportsQuest Management Group, Inc. (www.sqcorporation.com) owns a controlling interest in Greens Worldwide Incorporated, (GRWW.PK) (www.grwwsports.com) and has executed a definitive agreement to purchase JAVACO, Inc. (www.javacoinc.com). In our continuing effort to develop a more cohesive and synergistic organization, we are structured in a way that allows all of our wholly owned subsidiaries to utilize each other’s resources to the greatest extent possible. In addition, the Company’s strategic plan is to deliver substantial value by providing multiple sports and entertainment platforms and media to leverage our partners advertising and promotional dollars, while delivering the finest sports and entertainment opportunities to retain and build customers. For our non-sports businesses, we will utilize the media and promotional benefits of our media platforms in Television, Radio, and Print, together with Internet Television and other like strategic relationships, to grow our consolidated revenues. The Company intends to continue its strategy of acquiring profitable sports and sports related firms, together with other businesses that would benefit from the synergy the Company provides.
Forward-Looking Statements
The statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. Forward-looking statements, such as our intent to develop a system of regional development tours, deal with the Company's current plans, intentions, beliefs and expectations. Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.