True Lion Sports Announces Finalization of Real Property Negotiations
TOPEKA, KS, Feb. 28 /PR Newswire -- FirstCall/ -- True Lion Sports, Inc. (NYSE: TLS) today announced that it is in escrow for the purchase of a $58,000,216 development property in Spanish Harlem.
"The succesful completion of this purchase will facilitate our expansion plans and allow us to further penetrate the key northeastern market," said Mr. Buz Tah, True Lion Sports, Inc.'s President. The company will issue further updates in the near future and will hold a webcast on Monday, March 1 at 9:00 a.m, prior to the start of the trading day. Investors can access the webcast by visiting truelionsports.com and signing up on-line at the link provided on the homepage.
Mr. Tah further remarked, "we are also delighted to announce that the exponential increase in on-line sales of our True Lion Taffy and True Lion Smokes has allowed us to declare the largest dividend in the history of the company since its initial public offering in 1992."
Further details on the above will be provided during the webcast as well as details pertaining to the partnership with WTF Trucking and Webber Realty. "This is a most exciting time in our history and we believe 2010 will be the breakout year we had projected last fall," concluded Mr. Tah.
About True Lion Sports, Inc.
True Lion Sports, Inc. is an international retailer of premium-quality sweet treats, beers, smokes, periodicals and baseball paraphernalia. Headquartered in Topeka, Kansas, the company has both nourished and enriched professional gamblers throughout North and Central America through the sale of its highest quality products and "Kappin Kamp" classes.
This news release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements.
"The succesful completion of this purchase will facilitate our expansion plans and allow us to further penetrate the key northeastern market," said Mr. Buz Tah, True Lion Sports, Inc.'s President. The company will issue further updates in the near future and will hold a webcast on Monday, March 1 at 9:00 a.m, prior to the start of the trading day. Investors can access the webcast by visiting truelionsports.com and signing up on-line at the link provided on the homepage.
Mr. Tah further remarked, "we are also delighted to announce that the exponential increase in on-line sales of our True Lion Taffy and True Lion Smokes has allowed us to declare the largest dividend in the history of the company since its initial public offering in 1992."
Further details on the above will be provided during the webcast as well as details pertaining to the partnership with WTF Trucking and Webber Realty. "This is a most exciting time in our history and we believe 2010 will be the breakout year we had projected last fall," concluded Mr. Tah.
About True Lion Sports, Inc.
True Lion Sports, Inc. is an international retailer of premium-quality sweet treats, beers, smokes, periodicals and baseball paraphernalia. Headquartered in Topeka, Kansas, the company has both nourished and enriched professional gamblers throughout North and Central America through the sale of its highest quality products and "Kappin Kamp" classes.
This news release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements.