Nevada Bob's Stores Merge

More than $43 million in working and expansion capital has been provided to finance the merger of Nevada Bob's retail chain of 281 golf stores in the United States and Canada. The company forecast that revenues earned from retail operations would account for 77 per cent of total revenues. Consolidated revenues are expected to surpass $250 million during the first year while the rest of the income will come from manufacturing and distribution, which is expected to yield $100 million over the next three years.