Complaint Filed by UBUY Holdings, Inc. Against Sports Resorts International, Inc. and Donald J. Williamson Dismissed
16 October 2004 - 4:51AM
PR Newswire (US)
Complaint Filed by UBUY Holdings, Inc. Against Sports Resorts
International, Inc. and Donald J. Williamson Dismissed OWOSSO,
Mich., Oct. 15 /PRNewswire-FirstCall/ -- A complaint filed by UBUY
Holdings, Inc. and Steven Bazsuly against Sports Resorts
International, Inc., (the "Company") (NASDAQ:SPRI) and Donald J.
Williamson, the Company's majority shareholder, has been dismissed.
The complaint, which was originally filed on June 16, 2003 in the
United States District Court for the Southern District of Florida
(case no. 03-61165) involved the termination of a non-binding
letter of intent entered into the first quarter of 2000, pursuant
to which SPRI was to invest in UBUY Holdings, Inc. The complaint
sought damages in excess of $75,000. SPRI, through its
subsidiaries, manufactures and sells bedliners and other truck
accessories to original equipment manufacturers and in the
aftermarket, and owns and operates a multi-purpose motor sports
facility located near Brainerd, Minnesota. 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: Gregory T. Strzynski, Chief
Financial Officer of Sports Resorts International, Inc.,
+1-989-725-8354
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