INTERNET GOLF ASSOCIATION NOW FULLY COMPLIANT
WITH NASD RULE 6530
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Dana Point, CA ? May 30, 2000 ? Internet Golf Association, Inc. (OTCBB:IGAT) today announced that the Company has been informed by the Securities and Exchange Commission that they have declared effective the Company's Registration Statement on Form SB-2 which provides for the sale of up to 3,000,000 shares of common stock at $1.00 per share. The offer to sell these securities may only be made by means of the Company's prospectus which is available from the Company. The SEC also declared effective the Company's Form 8-A Registration under the 1934 Act which makes the Company a fully reporting company and is now compliant with NASD Eligibility Rule 6530.
The Company intends to seek trading on the OTC Bulletin Board once appropriate forms are filed by market makers which is presently underway.
About Internet Golf Association
Founded in 1998 by one of the nation?s leading organizers of corporate golf tournaments for Fortune 1000 and other companies, Internet Golf Association is positioned to capitalize on an exceptional sports/entertainment niche market opportunity. IGA stands apart from its competition because it is a ?one stop? resource for golf lovers. At the Company?s golf destination, www.IGALinks.com, golf enthusiasts compete in the Virtual Tour interactive multimedia, PGA-style golf tournaments over the Internet for significant cash prizes. IGALinks.com has secured a licensing agreement with Access Software Inc., a subsidiary of Microsoft Corp. (NASD:MSFT), to utilize the award-winning Links LS Software for all tournament play. Participants will be competing for cash purses and prizes. In addition, IGA has added retail value in the IGA Pro Shop supported by CBS Sportsline. Added benefits to golfers are the IGA Clubhouse, reduced green fees and much more.
Included in this release are ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
