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SportsQuest, Inc. Named Presenting Title Sponsor of U.S. Pro Golf Tour.

Publication: PR Newswire
Publication Date: 21-NOV-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ORLANDO, Fla., Nov. 21 /PRNewswire-FirstCall/ -- The U.S. Pro Golf Tour, a wholly-owned subsidiary of Greens Worldwide, Inc., (Pink Sheets: GRWW) announces that SportsQuest, Inc., (BULLETIN BOARD: SPQS) has executed a three-year presenting title sponsorship agreement. Terms of the agreement include a stock payment of $500,000 in restricted common stock of SportsQuest on December 15, 2007 and SportsQuest's commitment to underwrite all purses and expenses for "official" USPGT events through 2010, subject to certain performance conditions and registration rights. In 2008, purses for "official" USPGT events are expected to exceed $2.1 Million. Upon executing the agreement, the U.S. Pro Golf Tour Presented by SportsQuest becomes the official tour name.

"This agreement is one of the major steps toward the previously announced re-launch of the...

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