The Forzani Group Ltd./Le Groupe Forzani Ltee
TSX : FGL

The Forzani Group Ltd./Le Groupe Forzani Ltee

October 12, 2006 07:00 ET

Forzani's to Acquire Operating Assets of JKL Golf Corp. Inc.

CALGARY, ALBERTA--(CCNMatthews - Oct. 12, 2006) - The Forzani Group Ltd. (TSX:FGL) today announced the proposed acquisition of the operating assets of JKL Golf Corp. Inc., the Nevada Bob's Golf licensee in Calgary, Red Deer and downtown Toronto. The 7 locations to be acquired will continue in operation as Nevada Bob's Golf and are expected to be franchised in the coming year. The acquisition will be financed through existing credit facilities. Terms of the deal are confidential by mutual agreement of the parties. Completion of the transaction is subject to due diligence.

The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under the corporate banners: Sport Chek, Coast Mountain Sports, Sport Mart, and National Sports. The Forzani Group is also a franchisor under the banners: Sports Experts, Intersport, RnR, Econosports, Atmosphere, Pegasus, Tech Shop, Nevada Bob's Golf, Hockey Experts and The Fitness Source. The Company also has websites for several of its corporate and franchise banners which can be accessed through its main website at www.forzanigroup.com.

The foregoing information may contain forward-looking statements relating to the future performance of The Forzani Group Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. The Company, with the appropriate securities commissions, details these risks and uncertainties from time to time.


Contact Information

  • The Forzani Group Ltd.
    Bob Sartor, C.A.
    Chief Executive Officer
    (403) 717-1342
    Website: www.forzanigroup.com