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GOLDEN BEAR TO SELL EXECUTIVE SPORTS TO NICKLAUS CUB

          FL-based Executive Sports Vice Chair & COO Steve
     Nicklaus, the son of Jack Nicklaus, and FL-based Muirfield
     Village Golf Club VP John Hines announced plans to buy
     Executive Sports, the sports marketing and management
     division of Golden Bear International.  The two companies,
     which have reached a tentative agreement, will continue to
     be closely affiliated as separate entities of GBI (GBI).

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