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FEB -29 -2000 08:40 SD4J FACILITIES MANAGMENT 1 541 687 3686 P.19/24 <br /> U(, /La /VY AUL .. V.... Athletic Field Field Segment <br /> Aeeording to research prepared by the company, the Company eetimaten that <br /> the athletic field artificial surfacing market in the Vnized states has a grow: <br /> market eiset of more than SSO Billion. This ma=kes size is based on approximately <br /> mope !sigh ecnools and colleges in the United :ears, each hawing eercaie <br /> athletic surfacing needs for their football and soccer fields. each in the <br /> 5500,000 to 5600,000 price range, which will need replacement during the next <br /> fi..e years. Not only are many natural grass fields in need of expensive repairs, <br /> but. according to the Comnany's owes municipal research, it currently costs a <br /> high school or college up to SSO, 000 per year to maintain a ,.atura1 grays sports <br /> field. <br /> In-Snorts intends to target: private, and parochial high schools and <br /> colleges in the Northeastern United Stars', which number approximately one <br /> thoueaad. This will eliminate the public bidding and political cnnaiderationS <br /> that exist in many Communities. To daze. the Company has installed one <br /> artificial playing field in the City of East Newark, Neu Jersey, and the Company <br /> is bidding on six athletic fields for private and Parochial achoole in the Nort <br /> Jersey area. <br /> • <br /> The Company is also a distributor for Mate'flex Industries, a manufacturer <br /> of a high dsasicy rubber and polypropylene tile product vied as flooring for <br /> eestain sports. Mn this writing. In- Sports is installing a Meeo• flex modular 4 <br /> sports surface for basketball, volleyball sad roller hockey play fear tare city of <br /> eecaueuss, New Jersey. which is schedules rot completion in February 3000. • <br /> Residential and commercial segment <br /> The Company estimates that there are approximately, one million homee in <br /> the Northeastern =iced states. The Company intends to capture it or 20,000 <br /> homes in this area for installation of artificial turf lawns, at an average sale <br /> of 53,000 per home. The Company also intends to pursues Inetallacione at <br /> commestiel facilities. ro dace. the Company x36 installed five artificial turf <br /> residential lawns art4 awe artificial turf landscaping projects at commercial <br /> facilities km Lodi end Paramus. New Jersey, <br /> Through PGC, In- Sports' also intends to pursue zrojecte for childcare <br /> centers and playgrounds. Under new New Jersey State rules mandating safe <br /> surfaces ea proceot children from falls, the Company is promc_irg to artif.cial <br /> turf as a safe, low msilneenance alternative to woodchips and rubber crumb. To <br /> date. the Company has installed artificial turf in twenty day care censure and <br /> ha= orders for ten additional installations scheduled for March 2000. <br /> rinanci,fg program. <br /> In can provide financing to its customers for any project from <br /> 575.000 co $10 Million With payments over time up to 10 years. Th, Company has <br /> arranged special financing for academic inctitue:ionc ch,ec require no money down <br /> and less than 10% annual interest. <br /> PAGE) <br /> The Board of Directors of the Company has begun to implement its principal <br /> business tArpose desc7ribed below under "Item 2 - Plan of Operation. <br /> In- Sports was incorporated in Delaware on March ,+,o, 1991 as "seta <br /> ACquieition Corp." In September, 1995, the Company changed its name co In- Sports <br /> international. Inc. The Company's corporate offices are located At 377 Route 17 <br /> South. Hasbrouck weights, NJ 07601. The Company's telephone number at that <br /> location is (701) 462 - 0031. <br />