| Golf Trust of America Appoints Boles as Director of Communications
Charleston, SC, August 6, 1999 – W. Bradley Blair, II, President and Chief Executive Officer for Golf Trust of America, Inc. (GTA), announced the addition of Kathy Boles as Director of Communications. Boles will handle marketing, media and investor relations for the company, and serve as executive director for the Lessee Association, which serves all Golf Trust facilities.
Boles has established a 14-year career in golf and special event management, which includes working for the PGA of America as Tournament Director for The 1991 Ryder Cup at Kiawah Island Resort. In 1992, Boles worked for International Management Group, the world’s largest sports agency, before returning to Charleston, South Carolina, in 1994. Since 1994, Boles has organized several Charleston Area events including The BOC Challenge 1994-95 and the 1997 World Cup of Golf.
Blair stated, "Kathy brings to Golf Trust a diverse golf background, and an ability to organize complicated and large-scale projects. We look forward to having her as part of our team and further developing our marketing strategies and communication programs."
Established in 1997, Golf Trust of America Inc. is a self-administered real estate investment trust, or REIT, formed to capitalize on the consolidation opportunities in the ownership of golf courses in the United States. Golf Trust of America’s portfolio contains 47 golf facilities, operated by 19 lessees, with locations in 17 states (Alabama, California, Florida, Georgia, Illinois, Kansas, Kentucky, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, South Carolina, Texas, Virginia and West Virginia).
More information on Golf Trust of America 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).
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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