Pratt, Wylce & Lords Ltd. announces consulting agreement with Grand Slam; and dividend distribution.

IDAHO SPRINGS, Colo.--(BUSINESS WIRE)--June 13, 1995--Pratt, Wylce & Lords Ltd. (OTC BB - PWLS) Tuesday announced that it has entered into an investment banking consulting agreement with Indianapolis, Ind., based in Grand Slam Licensing Inc., a privately held corporation.

The agreement calls for PWLS to assist Grand Slam in the company's capital restructuring, and development of a public market for its stock upon registration approval. As a result of the agreement, PWLS will acquire a 16 percent interest in Grand Slams' issued and outstanding common stock, representing 160,000 shares.

In further actions, PWLS board of directors approved a pro-rata stock distribution of 65,000 shares of Grand Slam's common stock to shareholders of record 7/21/95. The distribution to PWLS shareholders represents an approximate dividend of one share of Grand Slam per forty PWLS owned. A registration of the distributed stock will be filed with the SEC, under the SEC ACT of 1933.

Grand Slam Licensing Inc. is a licensee and marketer of specialty high-end, sports and entertainment logo lapel pins, photo lapel pins, pin collector sets, and memorabilia. Currently the company holds licensing privileges from NBA Properties, NFL Properties, the International Hockey League, USA Basketball (Olympic Governing Body), The Rock and Roll Hall of Fame, and Indiana State University.

Grand Slam Licensing Inc. was recently founded by Milton O. Thompson, an Indianpolis-based attorney and previous vice president and General Councel for the 1987 Pan-American Games. According to Thompson, "The sports and entertainment memorabilia business has experienced very positive accelerated growth since the 1984 Olympics.

"With industry sales growing to $50 billion from 1984 through 1988 according to government statistics, and an estimated tripling by the year 2000, we are confident that Grand Slam's products will be able to gain a rewarding share of this lucrative market."

In an additional statement, PWLS's chairman of the board, Alan Filson, a Nobelsville, Ind., resident, noted, "We are very pleased with the quality of management and product lines of Grand Slam, and are excited about the company's potential profitability in this fast-growing market niche."

CONTACT: Pratt, Wylce & Lords Ltd., Idaho Springs

Investment Banking Consultants, 303/567-0839