ClubLink Announces ClubCorp Disposition.Business Editors KING CITY, Ontario--(BUSINESS WIRE)--Sept. 5, 2001 ClubLink Corporation ("ClubLink") announced that ClubCorp USA Inc. advised the Corporation that it has sold 5,000,000 common shares in the capital of ClubLink, representing approximately 25% of the outstanding ClubLink common shares, at a price of $5.00 per share, to Tri-White Corporation, a company controlled by Rai Sahi, Chairman, Chief Executive Officer and the largest shareholder of Acktion Corporation, a public real estate and property management company with extensive real estate holdings through investments in Morguard REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , Goldlist Properties Inc. and Revenue Properties Company Limited. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Simmonds, President and Chief Executive Officer of ClubLink said: "ClubCorp advised that it chose to repatriate repatriate To bring home assets that are currently held in a foreign country. Domestic corporations are frequently taxed on the profits that they repatriate, a factor inducing the firms to leave overseas the profits earned there. certain of its equity investments, including the shares of European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. PGA Tour The PGA Tour is an organization that operates the USA's main professional golf tours. It is headquartered in Ponte Vedra Beach, Florida, USA. Its name is officially rendered in all caps as “PGA TOUR". Inc. and ClubLink, all in a matter of days, for U.S.-based investments and to pay down debt. They have told us that they remain confident in the future of ClubLink, particularly in light of the many steps that have been taken recently to improve ClubLink's profitability. We are pleased that ClubCorp has retained an interest in ClubLink and that Jim Hinckley, ClubCorp's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. has agreed to remain on the ClubLink Board of Directors and we look forward to continuing to benefit from his judgement and experience. ClubCorp will retain its strategic alliance with ClubLink as well as the Affiliated Club program and related arrangements valued by so many of our members." ClubLink is Canada's largest owner, operator and developer of high-quality golf courses and resort properties that feature golf as their key amenity a·men·i·ty n. pl. a·men·i·ties 1. The quality of being pleasant or attractive; agreeableness. 2. Something that contributes to physical or material comfort. 3. .
Mr. Robert Visentin
Chief Financial Officer
rvisentin@clublink.ca
(905) 841-5360
ClubLink Corporation
15675 Dufferin Street
King City, Ontario L7B 1K5
Telephone: (905) 841-3730 Facsimile: (905) 841-1134
Web Site: www.clublink.ca
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