 March 18, 2008 - Orlando, FL: (BUSINESS WIRE) - EPIC Corporation, (OTC:EPIO) a multi-media communications and broadcasting company, announced that it has entered into a three year exclusive international TV distribution rights agreement with U.S. Pro Golf Tour Presented by SportsQuest (“USPGT”), a wholly owned subsidiary of Greens Worldwide Incorporated (OTC: GRWW).
Under the terms of the agreement EPIC and the USPGT will cooperate with each other to produce, market and distribute USPGT programming of its Tour events to all international markets outside of the United States territories beginning in 2009 and continuing through 2011. This agreement allows for the distribution of up to ten USPGT events per year throughout the length of the agreement. The USPGT will produce and deliver broadcast quality video as well as technical support required by EPIC and its cable networks and EPIC will distribute USPGT telecasts into 36 countries. Under the terms of the agreement, USPGT will receive distribution and fifty per cent of the Revenue derived from the telecasts, as well as other media, including internet distribution.
The USPGT has previously conducted the TRUMP Million Dollar Invitational, televised on ESPN and ESPN Internationally, and other golf tournaments which have been broadcast on FOX Sports Net and The Golf Channel.
Mick Bazsuly, President of EPIC said, “This Television distribution rights agreement adds another spoke in our sports promotion wheel of fortune. The worldwide viewer interest of Golf is attracting huge advertisement and sponsorship sales. The Joburg Open Golf Tournament in South Africa last January had a audience of over 390 million viewers during the tournament. We believe our line-up of sports programming will attract substantial sponsorship revenues sales adding USPGT events to our inventory.”
Tom Kidd, CEO of the USPGT said, “I am extremely pleased that the Tour and its high end events will be televised in up to 36 countries around the world. This distribution agreement, when fully realized, will deliver substantial value to our corporate partners, develop our brand around the world, and provide an opportunity for the Tour to capture a significant additional revenue stream.”
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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.
About Greens Worldwide, Inc.
Greens Worldwide, Inc. (GRWW.PK) is a golf event marketing and management company, engaged in developing diverse golf competitions for Professionals, Celebrities, Amateurs, Seniors and Women and is publically traded under the stock symbol GRWW.PK. Our current operating subsidiary is the U.S. Pro Golf Tour Presented by SportsQuest, a series of Championships with significant purses. The New England Pro Golf Tour will be re-launched in 2009, and two additional regional tours are under consideration for further development and consolidation of the professional developmental golf world below the PGA Tour. The Company is convinced that there is a niche in the golf event industry for secondary markets and companies desiring to engage in sports marketing, but at a financial level that fits their budgets.
The Company’s strategic plan is to acquire or develop professional, celebrity, amateur, senior and women’s golf events, either as standalone events or as a series of events, and to then deliver substantial value to our partners by providing multiple sports entertainment platforms, and media in television, print, and radio to leverage our partners advertising, entertainment and promotional dollars. The USPGT has adopted a program whereby our partners can pay for their sports marketing programs and media in stock in lieu of cash. This program provides access for our partners to national, regional, and event market media and entertainment, to increase revenues and brand presence, while preserving cash for their operations. The U.S. Pro Golf Tour has been seen on FSN, ESPN, and The Golf Channel.
About EPIC
Epic (www.epicfinancialnetwork.com) is a media and Entertainment Company, covering business, sports, sporting events, and the world of entertainment. It produces its own original programming on radio, television and the web. It offers services to third parties offering them exposure to a large and real audience for name branding, product introduction, and distribution of information.
For Further Information on EPIC go to www.pinksheets.com for quotes and financial information and Statement of information.
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.
Contact:
EPIC Corporation
Mick Bazsuly
954-729-3899
mickespn@aol.com
U.S. Pro Golf Tour, Inc.
Mark Edwards
423-314-6216
medwards@usprogolftour.com
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