Business Services Industry
Team Players Inc. acquired on Jan. 1, 1995
Business Wire, Jan 24, 1995
CHICO, Calif.--(BUSINESS WIRE)--Jan. 24, 1995--Sinecure Financial Inc. acquired Team Players Inc., a three-year old Chico-based upscale adult recreation business with 1994 sales of approximately $725,000 and a 35% compounded annual growth rate.
Sinecure is currently in negotiation on two additional properties to begin the expansion of this fast growing business concept to a targeted 20 locations in the 11 western states over the next five years.
Currently targeted are locations in Albuquerque, N.M., and Sparks, Nev. The unit in Nevada will include slot and video gaming immediately; the New Mexico unit is expected to add video gaming in late 1995 when the recently passed New Mexico constitutional amendment permitting such games is implemented.
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CONTACT: Sinecure Financial Corp., Chico
Jeffrey L. Hilgert, 916/898-9550
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