SportsClick Inc.
TSX VENTURE : SCV

SportsClick Inc.

July 16, 2008 12:52 ET

SportsClick Inc. Announces Acquisition

CALGARY, ALBERTA--(Marketwire - July 16, 2008) - SPORTSCLICK INC., (TSX VENTURE:SCV) ("SportsClick" or the "Company") listed on the TSX Venture Exchange Inc. under the trading symbol "SCV" is pleased to announce that it has completed the purchase of SunVette Racing Inc. ("SunVette"), a Nova Scotia-based private sports collectibles company, primarily focused in NASCAR licensed merchandise. SportsClick purchased SunVette, which has current annual revenues of approximately $700,000, for an aggregate purchase price of $141,000 (the "Acquisition"). The purchase price is proposed to be paid by the issuance at closing of an aggregate 352,500 common shares of SportsClick ("Common Shares") at an ascribed price of $0.40 per share. The Acquisition is arm's length and is subject to regulatory and TSX Venture Exchange approval. The Common Shares to be issued in connection with the proposed acquisition will have a hold period of four months and one day from issuance.

Jack Ross, SportsClick's CEO said the SunVette acquisition is important for several reasons, "We have been studying the franchise business opportunity for some time. SunVette delivers a proven retail merchandizing model that thrives in a big box environment. The franchise experience in the United States in the collectable retail sector has been remarkably successful. For instance ProImage LC, an industry leader in the US, has annual sales of approximately $60 million averaging more than $500,000 per retail franchise."

"Owning and operating a specialty retail store requires skills and knowledge that can only be learned from someone with successful retail experience. We are very pleased SunVette's founder and CEO Dale Hubley has joined the SportsClick team. Dale built his collectables retail operation from scratch into a highly successful business generating consistent annual profits. We believe our franchisees will benefit significantly from his experience and guidance."

Dale Hubley said "I was very impressed with Jack's knowledge of this business. He has built a great team which I am proud to join. Ultimately the profitability of any retail operation comes down to maintaining margins. SportsClick's buying power is second to none in this industry. The ability to purchase top quality, licensed merchandise at highly competitive wholesale prices virtually guarantees that our franchise owners will be successful. After seventeen years in this business, I'm excited and looking forward to great things happening as we grow the SportsClick franchise business."

Over the next few months, SportsClick plans to open two additional retail outlets to test market slightly different merchandizing concepts. The company expects franchising will begin during the first half of 2009.

SportsClick is a leading wholesaler of licensed authentic sports merchandise & apparel nationwide.

SportsClick is listed on the TSX Venture Exchange under the symbol "SCV".

Certain statements contained in this document are "forward-looking statements". The projections, estimates and beliefs contained in such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results or events to differ materially from those anticipated in any forwardlooking statements. SportsClick believes the expectations reflected in those forwardlooking statements are reasonable; however SportsClick cannot provide any assurance that these expectations will prove to be correct.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities, or a solicitation of proxies, in any jurisdiction, including but not limited to, the United States. The SportsClick Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of SportsClick's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of SportsClick. The projections, estimates and beliefs contained in such forwardlooking statements necessarily involve known and unknown risks and uncertainties, which may cause SportsClick's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in SportsClick's filings with the Canadian securities authorities. Accordingly, holders of SportsClick shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. SportsClick disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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