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Franchise News Release: Charlotte, NC - (Aug-20-2001) LifeStyle Technologies to Offer FranchisesLST, Inc. d/b/a LifeStyle Technologies, a wholly owned subsidiary of eResource Capital Group, Inc. (Amex: RCG), announced today the formation of LifeStyle Technologies Franchising Corp. ("LifeStyle") and the completion of its Uniform Franchise Offering Circular ("UFOC") and its franchise Agreement. These documents are the essential legal prerequisites to begin LifeStyle's national franchise rollout plan. LifeStyle plans to immediately file or register its franchise offering in the following states: North Carolina, South Carolina, Georgia, Florida, Maryland and Texas. Lifestyle plans to take full advantage of the fast growing home technology market. It will immediately begin to seek out licensees in major U.S. metropolitan areas with high population growth. The expansion of the franchising network will also complement LifeStyle Technologies' company markets that currently include Charlotte, N.C. and Atlanta, GA. "We are pleased with the completion of the LifeStyle Technologies Franchising Corp.'s UFOC and Franchise Agreement, which together will allow us to move forward aggressively with our national rollout plan. This is the first and most important step in the franchising process, so we are excited about this accomplishment and the opportunities it will offer the company," stated Mike Pruitt, President of LifeStyle Technologies Franchising Corp., and President, CEO, and Chairman of eResource Capital Group, Inc. LifeStyle Technologies, based in Charlotte, N.C., was formed to help consumers take advantage of emerging home technologies by integrating high- speed Internet, satellite, security, data, entertainment, and communication applications in their homes. As one of the first companies to provide this service, LifeStyle Technologies works with owners of existing homes, as well as with new home builders and buyers, to install the necessary infrastructure -- to enhance the end-user's enjoyment and interaction with new technologies. LifeStyle Technologies has offices in Charlotte and the Research Triangle area of North Carolina, and in Greenville and Hilton Head in South Carolina. eResource Capital Group, Inc. (Amex: RCG), based in Charlotte, N.C., is a network of technology and service companies brought together under one operating company to benefit from synergistic relationships and the infusion of intellectual and capital resources. eRCG plans to strengthen its network through timely acquisitions and by growing and enhancing its member companies. eRCG's strategic focus is in five technology industry segments: e-commerce, Internet infrastructure, technology-related professional services, enabling technology, and data/communication systems. Operating companies in the eRCG network include: LifeStyle Technologies; flightserv.com; Internet Aviation Services, Ltd.; Travel Depot; DM Marketing, Inc.; Avenel Ventures, Inc.; Avenel Alliance, Inc.; and Logisoft Computer Products. |
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