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SPORTS/LEISURE ANNOUNCES REVISED LOSS ON SALE OF SUBSIDIARY

 MIAMI, March 12 /PRNewswire/ -- Sports/Leisure, Inc. (NASDAQ: SPLE) today announced that it was revising its previous estimate of the expected loss for fiscal 1992 on the sale of the assets of its Classic Golf of America subsidiary to Ben Hogan Company. On Feb. 24, 1993, Sports/Leisure stated that it is expected to recognize a loss on that transaction of approximately $400,000 in fiscal 1992, and it was considering taking an appropriate reserve as a result of its assumption of Classic's lease for its Boca Raton, Fla. office and warehouse facility, which lease expires in August 1999. In connection with the preparation of unaudited, pro forma financial statements for inclusion in its Form 8-K to report the transaction, Sports/Leisure has calculated that the actual loss will be approximately $1,425,000, including a reserve of approximately $300,000 as a result of its assumption of Classic's lease. This loss may be partially offset by a gain as a result of the satisfaction of certain unsecured claims against Classic from the cash proceeds of the bulk transfer of its assets to Ben Hogan Company.
 -0- 3/12/93
 /CONTACT: Norman Fixel, chief executive officer of Sports/Leisure, 305-624-5581/
 (SPLE)


CO: Sports/Leisure, Inc. ST: Florida IN: TEX SU:

AW-JB -- FL012 -- 5577 03/12/93 14:30 EST
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Publication:PR Newswire
Date:Mar 12, 1993
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