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PLAY IT AGAIN SPORTS FRANCHISE CORPORATION ANNOUNCES NAME CHANGE, ACQUISITIONS, EXPANSION PLANS

 GOLDEN VALLEY, Minn., May 6 /PRNewswire/ -- Play It Again Sports Franchise Corporation is changing its name to Grow Biz International, Inc. The name change is being made to more accurately describe the company's operations and reflects key changes in the company's strategic plan.
 Grow Biz International will be the parent company for divisional operations consisting of franchise systems acquired and developed by the company. Through its Play It Again Sports Franchise System the company has developed a retail system selling new and used products it calls "High Value Retailing." The Play It Again Sports Franchise System has awarded 570 franchises since 1989.
 The company began extending this concept into other product categories last year with the acquisition of a 22 unit chain of children's clothing, furniture and toy stores, Once Upon A Child, based in Columbus, Ohio. A company owned store was opened in Burnsville, Minn. in February of this year and the company expects to sell an additional 100 franchises in 1993.
 In January, the company acquired High Tech Consignments, a retail firm selling used musical instruments, sound systems and other audio equipment. Six to eight stores will be opened this year in the Twin Cities market under the new name, Music Go Round.
 In March the company acquired Computer Renaissance, a retailer of used and new computer equipment. The three store group will be expanded with two additional company owned stores and 50 franchises this year.
 Grow Biz International has formed joint venture relationships in Mexico and Europe and plans to expand all its franchise concepts on an international basis.
 -0- 5/6/93
 /CONTACT: K. Jeffrey Dahlberg of Grow Biz International, Inc., 612-529-8500/


CO: Play It Again Sports ST: Minnesota IN: REA SU:

MA -- MN021 -- 5630 05/06/93 16:19 EDT
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Publication:PR Newswire
Date:May 6, 1993
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