Sports Heroes Inc. signs Letter of Intent to acquire Signature Rookies.ELMSFORD, N.Y.--(BUSINESS WIRE)--Dec. 19, 1994--Sports Heroes Inc. (SHRO SHRO Sudan Human Rights Organization SHRO Sbarro Health Research Organization (Wayne, PA) SHRO Sexual Harassment Referral Officer ), a diversified diversified (di·verˑ·s memorabilia mem·o·ra·bil·i·a pl.n. 1. Objects valued for their connection with historical events, culture, or entertainment: posters, publicity photographs, and other movie memorabilia. 2. and collectibles marketing company, announced today that it has signed a Letter of Intent to acquire 100 percent of Signature Rookies and Collector's Club Inc. sports card companies. The terms of this acquisition will be for common stock, payable over a 2-year period. The Factoryville, Pennsylvania Factoryville is a borough in Wyoming County, Pennsylvania, United States. The population was 1,144 at the 2000 census. When driving through town, there are signs indicating their pride in native son and baseball hall of famer Christy Mathewson. company manufactures and distributes trading cards of sports figures, primarily rookies. Included in every pack is an authentic, autographed au·to·graph n. 1. A person's own signature or handwriting. 2. A manuscript in the author's handwriting. tr.v. au·to·graphed, au·to·graph·ing, au·to·graphs 1. card which significantly adds to the value and collectibility of the cards. "In conjunction with our diversification plan, Signature Rookies is a profitable and exciting business that is growing rapidly," said Barry Levine, Sports Heroes' President and Chief Executive Officer. "This acquisition will place Sports Heroes in one of the most dynamic growth areas in the sports collectibles field." He further stated, "Numerous expansion opportunities exist in the marketplace, and Signature Rookies is well positioned to avail themselves of these opportunities. Despite the problems that have effected this industry for the past year or so, most notably the baseball and hockey strikes, Signature Rookies has grown rapidly and is highly profitable." Tim Flatt, Chairman and Chief Executive Officer of Signature Rookies, stated, "Sports Heroes offers us the benefits of a Public Company, which we believe will facilitate our ability to secure licenses and continue the dramatic growth of the Company. Further, they have the ability to raise the capital for expansion purposes, on better terms and more easily than we can. We look forward to working with their experienced Board of Directors and management team, and growing together." Sports Heroes Inc. markets a broad range of memorabilia and collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. products. Initially targeting the high-end market with one-of-a-kind, vintage sports memorabilia The term sports memorabilia usually refers to anything that can be directly connected to a sports event or personality. These items are generally gathered by fans of the particular sport, athlete or team that the item signifies or by collectors who find value in the rarity , the company has diversified its line to target the broader market. Among the company's products are replica Earlier document exchange software from Farallon Communications, Inc. that converted a Windows or Mac document into a proprietary viewing format. The viewer could be distributed separately or embedded within the document itself, turning it into a single-document viewer. signature baseballs, limited edition sports and non-sports collectibles, authentic game-used sports equipment, rare Hall of Fame autographs, and collectible coins. CONTACT: John De Nigris Associates Inc.
Lisa Finkbeiner, 516/420-1111
or
Sports Heroes Inc.
Barry M. Levine, 914/345-8061
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