SPEA Sports Entmt Enterprises Inc (OTC BB) 12/17/2004 6:41:15 PM ET

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Press Release for Sports Entmt Enterprises Inc


Emerging Stock Report: Emerging Stock Report: The King Is Still King
12/17/2004 12:38:03 PM
Dec 17, 2004 (M2 PRESSWIRE via COMTEX) -- The Emerging Stock Report alerted investors previously about Sports Entertainment Enterprises, Inc. ( SPEA ). The shares subsequently rose yesterday approximately 2000%. The deal hinged on Robert Sillerman`s agreement to buy 85 percent of Presley's estate, including rights to the singer's name and the management of his famed Graceland mansion, in a deal worth $100 million. As well as running Graceland, Presley's home in Memphis, Tennessee, Sillerman will own his name and likeness, the rights to his photographs and revenue from his music, TV shows and films.

Sillerman, founded and later sold radio operator SFX Broadcasting and was involved as a concert promoter in SFX Entertainment. Given the current existing revenue from the Presley estate and the potential for expansion directed by a proven entertainment promoter like Mr. Sillerman, astute investors should continue to track Sports Entertainment Enterprises Inc. for further developments.

Other stocks that the Emerging Stock Report is following include:

Montana Oil and Gas ( BB ) will soon be tying into a producing gas well in Alberta, Canada. The company expects that productions will be 500,000 cubic ft./day. This should generate immediate income to the company at a level not currently reflected in the share price. With oil and gas prices still historically high, MOGI is worth a look.

The RS Group of Companies Inc. ( RSGC ) is a company that the Emerging Stock Report first drew investor`s attention to on November 22. Since then the stock has risen by almost 100%. The RS Group is a holding company that manages a group of vertically integrated insurance and finance businesses. Their main business is rental guarantee insurance that protects landlords from fluctuations in their cash flows. Third quarter results had generated interest and activity in the Company. Strategy International Insurance Group, Inc. ( SGYI ) and RS Group of Companies, Inc. ( RSGC ) recently announced the intention to enter into an agreement that will result in RS Group to become a wholly-owned subsidiary of Strategy International.

It is being anticipated that Strategy International may offer cash and stock, which would result in a value to RS Group common stock holders of $1.75 per common share, to acquire RS Group's outstanding common stock (approximately 65 million shares), representing a 237 percent premium over the closing price of $0.52 on December 15, 2004.

Spantel Communications, Inc. ( SPAL ) provides discount long distance telephone service, including Internet Service Provider services, to customers located in Spain and other countries. Spantel was created with the mission of becoming the leading alternative operator in the Spanish telecommunications market. The Company markets its services primarily to small to medium-size businesses and larger corporations, governmental entities, educational institutions, and residential customers. Sales increased in the third fiscal quarter by 18.4%, from $4,063,108 in the third fiscal quarter of 2003 to $4,812,481 in the third fiscal quarter of 2004. Year to date revenues increased by 21.87%, from $12,210,638 in fiscal 2003, to $14,881,092 in fiscal 2004, staying within management objectives with a 43.21% gross operating margin. The Company currently has over 300,000 clients in Spain.




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