SOURCE: Synergy Brands

August 17, 2005 08:00 ET

Synergy Brands Signs Cigar Deal With ClubCorp for Gran Reserve Corporation

MIAMI, FL -- (MARKET WIRE) -- August 17, 2005 -- Synergy Brands, Inc. (NASDAQ: SYBR) today announced it has been awarded an approved vendor agreement to market and distribute cigars to ClubCorp, a world leader in delivering premier golf, private club, and resort experiences. Gran Reserve Corp. (GRC), a wholly owned subsidiary of Synergy Brands, expects to service ClubCorp's clubs and resorts from its existing operations in Miami Lakes, Florida.

Bill Rancic, founder of Cigars Around the World and first winner of "The Apprentice" noted, "This is a wonderful opportunity for Synergy Brands to increase their visibility in some of the best facilities in the United States. ClubCorp resorts and clubs should provide an excellent environment in which to enjoy one of our finest cigars."

About ClubCorp

Founded in 1957, Dallas-based ClubCorp is the world leader in delivering premier golf, private club, and resort experiences. Internationally, ClubCorp's affiliates own or operate nearly 170 golf courses, country clubs, private business and sports clubs, and resorts. ClubCorp has more than $1.5 billion in assets.

Among the company's nationally recognized golf properties are Pinehurst in the Village of Pinehurst, North Carolina (the largest golf resort in North America and site of the 1999 and 2005 U.S. Opens); Firestone Country Club in Akron, Ohio (site of the 2003-2005 World Golf Championships - NEC Invitational); The Homestead in Hot Springs, Virginia (America's first resort founded in 1766); and Mission Hills Country Club in Rancho Mirage, California (home of the Kraft Nabisco Championship).

The more than 60 business clubs and business and sports clubs include the Boston College Club; City Club on Bunker Hill in Los Angeles; Citrus Club in Orlando, Florida; Columbia Tower Club in Seattle; Metropolitan Club in Chicago; Tower Club in Dallas; and the City Club of Washington, D.C. The company's 18,000 employees serve the nearly 200,000 member households and 200,000 guests who visit ClubCorp properties each year. Visit www.clubcorp.com for additional company information.

FORWARD-LOOKING STATEMENTS

This press release and company review and assumptions made regarding the financial figures and other information, referenced and presented, state and reflect assumptions, expectations, projections, intentions and/or beliefs about past and future events that are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "may," "will," "should," "expect," "assume," and other deviations thereof and other words of similar meaning. In particular these include, but are not limited to, statements reflecting the projected revenues, earnings, profit and loss of the Company and associated costs. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. For a description of many of these risks and uncertainties, please refer to the company's filings with the U.S. Securities & Exchange Commission (www.sec.gov) including Forms 10K and 10Q.

Contact Information

  • Contact:
    Beverly Jedynak
    Martin E. Janis & Company, Inc.
    312-943-1100 ext. 12
    Email Contact

    Amy Ruffalo
    Martin E. Janis & Co., Inc.
    312-943-1100, ext 15
    Email Contact