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ASPEN MARINE GROUP TO ACQUIRE 11 PERCENT OF THE TRAVEL CLUB

 GREENBACK, Tenn., Aug. 19 /PRNewswire/ -- Aspen Marine Group Inc. (NASDAQ: AMGI) today announced that it has signed a letter of intent to acquire 11 percent of The Travel Club.
 The Travel Club is a newly formed company which has negotiated an exclusive five-year contract as an on-site travel agency to a national chain of membership clubs. The membership chain currently boasts over 5,000,000 members.
 The first store locations for The Travel Club are anticipated to open within 60 days.
 "We're excited at the prospects for growth that Aspen's agreement with The Travel Club provides," said Ella Chesnutt, vice president corporate administration, Aspen Marine Group. "This venture is another step in our efforts at recreational diversification."
 Aspen Marine Group is a diversified recreational company best known for its award-winning competition water ski boats, which it markets through its subsidiaries Supra and Moomba Sports, and its marina holding in Jacksonville, Fla.
 -0- 8/19/93
 /CONTACT: Ella Boutwell Chesnutt, VP-corporate administration of Aspen Marine Group, 615-856-3806; or Linda M. Etzel of Carl Thompson Associates, 801-533-0303, for Aspen Marine Group/
 (AMGI)


CO: Aspen Marine Group Inc.; The Travel Club ST: Tennessee IN: LEI SU: TNM

MF-JB -- LA011 -- 4278 08/19/93 11:18 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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