EXHIBIT A
FOR IMMEDIATE RELEASE
Date: December 20, 2000
Contact: Jami M. Phillips
Chief Financial Officer
Phone: (406) 862-1940
Fax: (406) 862-2955
WINTER SPORTS, INC. ANNOUNCES CONTINUATION OF STOCK REPURCHASE PROGRAM
(WHITEFISH, MONTANA) -- Winter Sports, Inc. (NASDAQ:WKSI), announced today that
its Board of Directors has authorized the continuation of its stock repurchase
program for an additional six months. Under this plan, the Board has authorized
the repurchase of up to 40,000 of its outstanding shares of common stock. It is
anticipated that the shares will be repurchased from time to time in the open
market. The Board continues to believe that Winter Sports' common stock
represent an excellent value and an appropriate investment opportunity for the
Company's resources.
`Both the Board of Directors and management continues to feel our common stock
is currently undervalued and that the extended repurchase agreement is a strong
investment opportunity,' stated Michael Collins, President and CEO of Winter
Sports, Inc.
Winter Sports, Inc. owns and operates Big Mountain Ski & Summer Resort in
Whitefish, Montana. The Company is directly involved in a large number of guest
businesses at the resort on a year round basis. The Company is also directly
involved with real estate development on all of the base area lands owned by the
Company. To date, they have created a variety of real estate products including
single family and town home lots and condominiums.
Statements in this press release, other than statements of historical
information, are forward-looking statements that are made pursuant to the safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those projected. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. Such risks and uncertainties include,
but are not limited to, failure to achieve anticipated performance; general
business and economic conditions; competitive factors in the ski and resort
industry; and the weather. Investors are also directed to other risks discussed
in documents filed by the Company with the Securities and Exchange Commission.
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