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Champion Sports, Inc., incorporated on June 4, 1985 under the name International Group, Inc., is a licensee of one CHAMPIONS Sports Bar Restaurant and the exclusive supplier of sports memorabilia and consultant to Marriott International, Inc. (Marriott). Effective November 1997, Champion sold the rights to the CHAMPIONS brand to Marriott and became a licensee of CHAMPIONS Sports Bar Restaurants and an exclusive supplier of sports memorabilia and a consultant to all new managed Marriott and Renaissance Hotel sports bar restaurants worldwide. At April 30, 2002, the Company owned the one CHAMPIONS Sports Bar Restaurant in San Antonio, Texas. On January 16, 1986, the Company acquired 100% of the outstanding shares of CHAMPIONS Sports International, Inc. (CSII). On September 12, 1989, CSII was merged with and into the Company, with Champion as the surviving corporation.

The Company operates a restaurant in San Antonio, Texas, by the name of CHAMPIONS, which has a sports theme concept that combines casual dining, sports viewing with strategic marketing and promotions. The sports atmosphere at CHAMPIONS is created by the presence of hundreds of items of original sports memorabilia, such as uniforms, sports equipment, posters, advertising, signs, magazine covers, official programs, film posters and photographs from local, national and international celebrities and sporting events, past and present. In addition, CHAMPIONS' atmosphere is enhanced by sports programming and viewing, which is accomplished through a network of strategically placed television monitors designed to continuously show local, national and international sporting events without taking away from the casual dining experience. At the heart of the CHAMPIONS concept is the food. The menu, which attracts guests for lunch and dinner, appeals to those interested in dining at a moderate price. It incorporates traditional American cuisine, as well as regional items. CHAMPIONS' average check is approximately $14.25 per person, placing it within the casual dining segment of the restaurant industry.

Under the terms of Champion's agreement with Marriott, Marriott is required to purchase sports memorabilia, and for the Company to serve as a consultant for each new CHAMPIONS or like sports bar restaurant that opens in a new Marriott or Renaissance Hotel worldwide at the same prescribed prices (with increases pegged to the Consumer Price Index) as paid to the Company by Marriott in its previous agreement, except that Marriott does not pay any annual fees as before. In 2002, the Company provided sports memorabilia and consulting services to CHAMPIONS Sports Bar Restaurant that opened in Marriott hotel in Uniondale, New York, Indianapolis, Indiana. Marriott hotel locations accounted for about 5% of the Company's revenues for 2002.

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