| Golf Trust of America CEO Wins Award
W. Bradley Blair, II named The Carolinas’ 1999 Ernest & Young Entrepreneur Of The Year for Emerging Companies
Charleston, SC, June 23, 1999 – W. Bradley Blair, II, president and chief executive of Golf Trust, was one of nine winners of the Carolinas’ 1999 Ernst & Young Entrepreneur Of The Year Awards. The winners were announced on Friday, June 18, at a black tie dinner held in Charlotte, North Carolina. The competition was divided into nine categories of which Golf Trust won the Emerging Company category. Blair is now eligible to participate in the national Entrepreneur Of The Year awards held later this year.
Established in 1996, Golf Trust of America Inc. is a Charleston-based real estate investment trust which owns or has interest in 46 golf courses across the country. The company’s portfolio focuses on upscale golf facilities, including Wildewood in Columbia, South Carolina, Royal New Kent in Virginia, The Westin Innisbrook Resort in Tampa, Emerald Dunes in West Palm Beach and Sandpiper Golf Course in Santa Barbara.
Golf Trust of America, Inc. is a self-administered REIT formed to capitalize on the consolidation opportunities in the ownership of golf courses in the United States. The company’s strategy is to acquire high quality golf courses and lease them to qualified third party operators, including affiliates of the sellers. More information on the Company and associated golf courses may be found on its web site at www.golftrust.com. Golf Trust stock is publicly traded on the American Stock Exchange (Amex: GTA).
In other news, Golf Trust of America, Inc. hired Kathy Boles as Director of Communications. Boles has established a background in special event management, including working as a Tournament Director for the PGA of America on The 1991 Ryder Cup and 1993 PGA Championship. From 1995 to 1997, Boles was the Tournament Administrator for The 1997 World Cup at Kiawah Island Resort located outside of Charleston, South Carolina. Prior to coming to Golf Trust, Boles worked as Director of Corporate and Foundation Relations for The Citadel, the Military College of South Carolina.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors including general economic conditions, competition for golf course acquisitions, risks that pending acquisitions may not close, the availability of equity and debt financing, interest rates and other risk factors as outlined in the Company’s SEC reports, including the prospectus dated November 4, 1997 and the annual report on Form 10-K dated March 31, 1998.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statement due to a number of factors including general economic conditions, competition for golf course acquisitions, the availability of equity and debt financing, interest rates and other risk factors as outlined in the Company's SEC reports, including the prospectus dated November 4, 1997 and the annual report on Form 10-K/A dated March 31, 1999.
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