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WARRENVILLE, IL --(Marketwired - March 24, 2016) - Sports Field Holdings, Inc. (OTCQB: SFHI) ("Sports Field" the "Company"), an innovative company engaged in the design, engineering and construction of eco-safe athletic facilities, today announced that the Company has been awarded a $5,825,520 purchase order from Richland Country School District One ("Richland One") in Columbia, South Carolina for the creation or replacement of eight athletic fields within the school district over the next 18 months.
Sports Field's Replicated Grass™ system won in a competitive open bid format based on a point rating system, beating out five major competitors. Although Sports Field's bid was not the lowest, the look, feel and proximity to natural grass separated the Company from its competitors. We believe eco-safe alternatives like ours will continue to see greater adoption as industry awareness increases regarding the health hazards of toxic crumb rubber currently used in turf.
"This is a very symbolic victory for Sports Field. It is the largest purchase order in our Company's history and confirms that our turn-key offering positions us as an up and coming leader in the synthetic turf industry. We commend Richland One for prioritizing the safety of their athletes and moving away from toxic crumb rubber fields," commented Jeromy Olson, President and Chief Executive Officer.
About Sports Field Holdings, Inc.
Sports Field Holdings, Inc., through its wholly owned subsidiary Sports Field Engineering, Inc., is a product development, engineering and design-build construction company, engaged in the design, engineering, constructing, and construction management of athletic facilities and sports complexes. Construction management of sports facilities and synthetic turf sales are the two primary lines of business. These lines of business can be categorized as design, development, and manufacturing of sports surfacing products and associated pre-engineered construction systems.
Safe Harbor Statement
Any statements that are not historical facts contained in this press release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.
Sports Field Holdings, Inc.