Posted by Editor on 01/19/04
24 Hours of Adrenalin Announcement
Toronto Ã‹â€ twenty4 sports inc. is pleased and excited to announce the purchase of the assets of Trilife Inc., one of North America's largest promoters of mountain bike racing. twenty4 sports inc., owned and operated by the same principals that founded Trilife Inc., will be offering cycling enthusiasts the same gut-wrenching, heart-pounding events that thousands have experienced. Host sites have been confirmed and athletes and sponsors and have already started signing up for this year's events.
"Cyclists can be assured they will still have the opportunity to experience the excitement of 24 Hours of Adrenalin. The same dedicated team will continue to offer the ultimate racing adventure to athletes across the continent. We have restructured our business operations so we can invest in improving the race experience for our athletes. The cost of servicing lawsuits was hindering our ability to continue to lead our industry. In the future, cyclists can expect an even better race," stated Stuart Dorland, president and CEO of twenty4 sports inc. "Restructuring our operations was a sound business decision based on our efforts to ensure we could continue to offer racing enthusiast the world's most exciting cycling experience".
Trilfe Inc. made the business decision to declare bankruptcy last December rather than continue to service the cost of a number of lawsuits. The largest liabilities of the former company were the outstanding lawsuits. The assets purchased by twenty4 sports inc. include all the undertakings, property, contracts and assets of Trilife Inc.
"Athletes across North America can look forward to the challenge of competing in the 24 Hours of Adrenalin. I encourage cyclists of all levels to experience the rush of these races in 2004," stated Chris Eatough, four time 24 Hours of Adrenalin World Champion.
"CLIF BAR looks forward to continuing our successful sponsorships with the 24 Hours of Adrenalin team. The energy and enthusiasm created by the races is a great way to target our athletic, health-conscious customers," stated Gary Erickson, founder and CEO of CLIF BAR Inc.
"Canmore is looking forward to hosting another successful race this year. We have enjoyed a great working relationship with the "24 Hours of Adrenalin" team and are pleased to hear they will be back again. This is positive news for our local businesses and athletes", stated Ron Henderson, General Manager, Canmore Nordic Centre Provincial Park.
"We are excited to hear 24 Hours of Adrenalin will continue in Whistler and be run by the same group of people who have made this an incredibly successful event. The race has always been a profitable event for Whistler business community and we look forward to continued success. I am sure local sponsors and racers can hardly wait for this year's race", stated John Rae, Manager Strategic Alliances & Marketing Services, the Municipality of Whistler.
"I am happy to hear that the team who brought us 24 Hours of Adrenalin will continue to organize cycling races across North America", stated Nicholas Freedman, Publisher, Mountain Bike and Bicycling Magazine and board member of the Bikes Belong Coalition.
Editor Note: Both twenty4 sports inc. and Chico Racing still claim the right to organize a 24 hour event at Hardwood Hills (near Barrie, Ontario) on August 21-22. See our Daily News item January 14/04 10:45 am EST for further information.
Hughes Wins at N.A. Worlds Qualifier - Calgary
Courtesy Speedskating Canada
1. Kristina Groves, Ottawa, 1:58.74
2. Clara Hughes, Glen Sutton, Que., 2:00.66
3. Catherine Raney, U.S., 2:01.75
4. Cindy Overland, Kitchener, Ont., 2:01.84
5. Tiffany Hughes, Kingston, Ont., 2:02.44
9. Michelle D'Amours, Ste-Foy, Que., 2:04.36
1. Clara Hughes, Glen Sutton, Que., 7:03.98
2. Kristina Groves, Ottawa, 7:09.19
3. Catherine Raney, U.S., 7:20.46
4. Maria Lamb, U.S., 7:30.50
5. Kristine Holzer, U.S., 7:32.53
6. Michelle D'Amours, Ste-Foy, Que., 7:34.91
7. Tiffany Hughes, Kingston, Ont., 7:40.55
1. Kristina Groves, Ottawa, 164.949
2. Clara Hughes, Glen Sutton, Que., 166.168
3. Catherine Raney, U.S., 166.402
4. Maria Lamb, U.S., 170.455
5. Tiffany Hughes, Kingston, Ont., 171.331
7. Michelle D'Amours, Ste-Foy, Que., 172.660
Special Date in History
January 19, 1903 is the date that a new bike race, to be called the "Tour de France", was announced.
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