Aegis announces closing of Parmasters Memphis

VANCOUVER, June 10 /CNW/ - Aegis Investment Management (Golf) Inc. ("Aegis" or "the Company") today announced the closing of the Parmasters Center in Memphis, Tennessee. The current owners are looking for a buyer for the Center operations, including the facilities, equipment and franchise rights for the Parmasters brand for the Memphis area. The Regional Franchisor for South Central anticipates Parmasters Memphis will be reopened under new ownership and management in 2011.

"Having been in operation since June 2006, the Parmasters Center in Memphis served as a training ground for us, providing valuable insight, hands-on experience, and unlimited case studies as we developed the specialized training and systems manuals that make us unique," said Mr. Tom Matzen, President and CEO of Aegis. "We recognize the value that Parmasters Memphis and their team have provided and will review all available options in restoring operations with a focus on long-term profitability. The seven Parmasters facilities currently under construction or in the site selection stage, along with the 73 franchises sold will benefit greatly from the lessons learned in Memphis."

About Parmasters

Parmasters Golf Training Centers are the world's first franchised year-round indoor golf training centers. Each 12,000 - 25,000 square foot facility features the tradition of a high-end clubhouse while offering a training and practice center for golfers of all levels including some or all of:

    
    -   a short game area including an undulating putting green, sand trap
        and chipping area;
    -   golf simulators featuring world-famous courses;
    -   driving net areas with state-of-the-art training equipment;
    -   Our Kaizen Korner(TM), featuring golf training aids and tools,
        apparel, and custom-fit, custom-designed golf clubs;
    -   golf fitness area for pre-season, peak-season and off-season
        conditioning;
    -   dressing rooms and a lounge area; and
    -   a gourmet coffee bar with light snacks (called "Links Golf Café").
    

There are eight primary products and services which drive revenues in Parmasters Golf Training Centers: charter memberships, golf lessons and programs, virtual golf leagues, practice sessions, business golf seminars, pro shop, and food and beverages.

About Aegis Investment Management (Golf), Inc., symbol AIM.V

Aegis is a Vancouver, Canada based franchise company building shareholder value and profits by focusing on helping golfers lower their scores, have more fun, and do more business on and off the golf course.

Their family of golf franchise brands include Parmasters Golf Training Centers, Links Golf Cafes, and Quantum Business Golf Seminars. Each are designed to help Individual Franchise Owners and Area Developers have more life and more profits. The Franchise Division is supported by a Real Estate Division, a Finance Division, and a Web 2.0 Division, all designed to support the growth and expansion of the franchise brands. Led by an experienced franchise development team, Aegis has created the world's first golf franchise company that literally guarantees results.

For corporate info: www.AegisInvestmentManagement.com

For franchise info: www.YourGolfFranchise.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information: Tom Matzen, President and CEO, Aegis Investment Management (Golf), Inc., Telephone: [phone], Fax: [phone], Email: [email protected], Corporate URL: www.aegisinvestmentmanagement.com, Franchise URL: www.YourGolfFranchise.com