Black Bear Sports Group Acquires 14th Ice Arena

An affiliate of Black Bear Sports Group, Inc. ("Black Bear") has acquired the Igloo at Mt. Laurel in Mt. Laurel Township, NJ (the "Arena"). The Arena houses two NHL-size ice sheets, an athletic training gym, and is home to the Igloo Jaguars Youth Hockey Club and various local high school, college and recreational hockey programs. Black Bear was founded by Murry Gunty in 2015.

?"The Igloo is a centrally-located hub for ice skating and hockey in southern New Jersey. With Revolution Ice Gardens to the west in Bucks County, PA, and Ice Land Skating Center to the north in Hamilton, NJ, we're excited to add Igloo to our portfolio of ice rinks in the area," said Murry Gunty, Founder and CEO of Black Bear. "The Jaguars are a very strong Tier-2 youth program and we look forward to finally providing Jaguars players the necessary pipeline to advance to their desired levels through our AAA Mercer Chiefs and Revolution Elite AAA youth programs along with our Junior Hockey teams in the Eastern Hockey League, North American Hockey League and USHL."

The Igloo at Mt. Laurel is the fifth acquisition for Black Bear in New Jersey. Black Bear also owns and operates Ice Land Skating Center in Hamilton, NJ, home of the Mercer Chiefs, Jersey Shore Ice Arena in Wall, NJ, home of the Jersey Shore Wildcats, Aspen Ice in Randolph, NJ, home of the New Jersey Freeze and Skylands Ice World, home of the Skylands Kings.

"We are excited to welcome the Igloo and all its skaters to the Black Bear family," said Ryan Scott, Vice President of Black Bear. "We expect to invest in the rink for the long term and to continue the strong tradition of Jaguars hockey and figure skating in the Arena by adding more tournaments, showcases and competitions for our players and figure skaters."

About Black Bear Sports Group, Inc.

Black Bear Sports Group, Inc. is a privately held company formed by Murry Gunty in 2015 that seeks investments in sports and entertainment facilities, teams and youth sports events. Black Bear arenas are clean and professionally managed and offer world-class recreational offerings. Black Bear focuses on ice arenas in metropolitan areas with compelling demographics, markets with a National Hockey League club presence and arenas with existing youth hockey clubs. ?Black Bear has the ability to acquire healthy and stable arenas, but also to turn around under-managed or under-performing facilities. Black Bear currently owns and operates fourteen arenas across the United States with a total of 26 sheets of indoor ice, two indoor turf fields, four youth hockey clubs and Junior "A" hockey franchises in the United States Hockey League, North American Hockey League and Eastern Hockey League.