SOUTH JORDAN — SportsNuts Inc. on Tuesday shot down "unsubstantiated rumors" on stock bulletin boards that the company plans to merge with another company.
Kenneth I. Denos, the company's chief executive officer, said SportsNuts remains open to the possibility of an acquisition or merger involving the company or its subsidiaries, "there is absolutely no truth to any rumors concerning discussions or agreements with any other organization."
SportsNuts already has announced that subsidiary Secure Netwerks Inc. will be spun off in the future.
SportsNuts is a sports management and marketing company that operates a registration and information management system for community-based sports events. It owns and operates sports events in the Rocky Mountain area and provides technology solutions to other sports organizations and events in the United States.