NEW YORK, March 13 /PRNewswire-FirstCall/ -- Sports Concepts Inc. (OTC:SCPT) is pleased to announce that it has secured a Letter of Intent for three hundred and fifty thousand ($350,000) dollars. Furthermore, the company has already executed a private placement agreement for the first traunche of this agreement. The balance is expected to be received over the course of the next 60 days. The investment group is a long term supporter of the company and this is expected to the first of a number of financing opportunities made available by this group. Sports Concepts will utilize this investment for the continued development of their product line and secure the licensing and distribution agreements necessary to create new products and finalize those that are already in the pipeline. About Sports Concepts Inc.: A Scottsdale, Arizona-based sports marketing company that continues to focus on developing, acquiring, and marketing products for licensing and distribution with professional sports leagues, Major retailers, and other venues through professional sales companies. Sports Concepts suite of products include but are not limited to sporting goods and apparel, collectors items and memorabilia, shoes, foods, interactive toys and items appealing to the fan base of professional, collegiate, and youth sports leagues. Safe Harbor Statement This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. DATASOURCE: Sports Concepts Inc. CONTACT: Michelle Thomas, President of Sports Concepts Inc., +1-480-202-4641, ; or Alex Livak, Investor Relations, , +1-347-813-4664, http://www.fortuneir.com/, for Sports Concepts Inc. Web site: http://www.sportsconceptsincorporated.com/

Copyright