DRAPER, Utah, Dec. 20, 2004 (PRIMEZONE) -- SportsNuts (OTCBB:SPCI) today announced that the Company has succeeded in edging out several competing bids to operate, promote, and produce the Ogden Marathon. SportsNuts has operated this popular event for 4 years under a contract which was open to competing bids after the 2004 race season. The Company's new agreement runs for a period of 4 years, with SportsNuts granted the option to renew the agreement for an additional 4 years.
SportsNuts has owned the management rights to the Ogden Marathon for the past 4 years and retains all revenues associated with the event. During that time, the event has grown in runner turnout, registration revenues and sponsorships. For the years 2001, 2002, 2003 and 2004, the Ogden Marathon generated gross revenues of $28,500, $68,500, $76,800 and $93,600, respectively. With the popularity of marathons throughout the country, management expects revenues for the event to continue to increase.
"The new 4 year agreement with the Ogden Marathon will allow us to continue the success we started in 2001. We will be able to enhance and improve on one of the best marathons in the western United States. It will also further our cause in terms of looking for other sporting events and races for potential acquisition," stated Bryan Green, President of the Rocky Mountain Sports Alliance (RMSA). The RMSA is a wholly owned subsidiary of SportsNuts, which operates the various sports events owned by the company.
About SportsNuts
SportsNuts is a sports management and marketing company that also possesses a proprietary and comprehensive sports information management system. The Company owns and operates sports events in the Rocky Mountain area and provides comprehensive technology solutions to a wide variety of sports organizations and events throughout the United States. The Company's mission is to become the leading global provider of turnkey solutions for the amateur sports market (teams, leagues, fans, players, coaches, administrators, park and recreation professionals, and event directors).
Questions concerning the above-mentioned announcement should be directed via electronic mail to info@sportsnuts.com or by regular mail to SportsNuts, Inc. c/o Kenneth I. Denos, Chief Executive Officer, at 11585 South State, Suite 102, Draper, Utah 84020.
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.