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SPORTS/LEISURE, INC. ANNOUNCES SALE OF SUBSIDIARY TO THE BEN HOGAN COMPANY

 MIAMI, Feb. 24 /PRNewswire/ -- Sports/Leisure, Inc. (NASDAQ: SPLE) today announced the sale of the assets of its Classic Golf of America subsidiary to The Ben Hogan Company. Classic contracts for the manufacture of and distributes men's and women's golf clothing and accessories, which business was purchased from The Ben Hogan Company in March 1992. Classic will also assign its long-term licensing agreement, which allowed it to use the Ben Hogan name on its golf apparel, back to The Ben Hogan Company.
 As a result of the sale, Sports/Leisure expects to recognize a loss on this transaction of approximately $400,000 in fiscal 1992, and is considering taking an appropriate reserve as a result of Sports/Leisure's assumption of Classic's lease for its Boca Raton, Fla. office and warehouse facility, which lease expires in August 1999.
 A company spokesman stated that, "The sale of our golf apparel business will allow the company to focus its resources on the expansion of its Softouch subsidiary whose product line of women's fitness and sports apparel has been widely accepted throughout the sporting goods industry."
 In addition, Sports/Leisure announced that it is currently negotiating with certain potential private investors who would provide important growth capital for its ongoing operations.
 -0- 2/24/93
 /CONTACT: Norman Fixel, chief executive officer of Sports/Leisure, 305-624-5581/
 (SPLE)


CO: Sports/Leisure, Inc.; Classic Golf of America; The Ben Hogan
 Company ST: Florida IN: TEX SU: TNM


AW-JB -- FL009 -- 9982 02/24/93 14:35 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:249
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