Article: TL Enterprises Inc. acquires GCI Industries Inc. and its wholly owned subsidiary, Golf Card International Corp.

TL ENTERPRISES INC. ACQUIRES GCI INDUSTRIES INC. AND ITS WHOLLY OWNED

SUBSIDIARY, GOLF CARD INTERNATIONAL CORP.

SALT LAKE CITY, Sept. 10 /PRNewswire/ -- GCI Industries Inc. (NASDAQ: GCI) announced today the completion of the merger of PG Acquisition Inc., a 100 percent subsidiary of TL Enterprises Inc. (TL), with and into GCI. As a result of the merger, GCI and Golf Card International Corp. ("Golf Card"), its wholly owned subsidiary, became 100 percent subsidiaries of TL, and shareholders in GCI will receive $2.65 for each share of GCI Common Stock held. Key Bank of Utah has been appointed the paying agent and will be contacting GCI ...

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