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SPORTS/LEISURE ACQUIRES EQUITY INTEREST IN FLAMINGO APPAREL

 BOCA RATON, Fla., Sept. 13 /PRNewswire/ -- Sports/Leisure, Inc. (NASDAQ: SPLE) today announced the acquisition of a 50 percent ownership interest in Flamingo Apparel, Inc. ("Flamingo") of Hialeah, Fla., the principal sewing contractor for Sports/Leisure, Inc.'s wholly owned subsidiary, Softouch Company, Inc.
 The 50 percent equity interest in Flamingo was previously owned by Softouch's president, Norman Fixel. The terms of the transaction were note disclosed. Flamingo historically has sewn and packaged approximately 80 percent of Softouch's finished product and generates approximately $3 million in annual revenues.
 Milton H. Barbarosh, chief executive officer of Sports/Leisure, stated: "We are pleased to complete this transaction which will further promote the profitable expansion of Sports/Leisure's product line. Flamingo is well regarded as a leading provider of quality sewing and cutting services. As we evaluate opportunities for new products and markets which compliment our current line, the ability to consolidate production operations with Flamingo provides a potential for competitive advantage and improved profits."
 Sports/Leisure, Inc., designs, contracts for the manufacture of, and markets women's apparel through its wholly owned subsidiary, Softouch Company, Inc.
 -0- 9/13/93
 /CONTACT: Lynn Juillerat, assistant secretary of Sports/Leisure, 407-241-9921/
 (SPLE)


CO: Sports/Leisure, Inc.; Flamingo Apparel, Inc. ST: Florida IN: TEX SU: TNM

AW-RC -- FL008 -- 1491 09/13/93 17:09 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
Words:219
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