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The
Encore Sports Company story is an example of circumstance and opportunity.
The company began as a project to fund a group of Cub Scouts. In
late 1988, as Jonathan and his father were playing golf, they observed
scuba divers salvaging golf balls from the golf course water hazards.
Research revealed that millions of golf balls are lost and recovered each
year on American golf courses.
A Florida company, Second Chance, had taken a leadership
role in the Southeastern U.S. Within a month, Encore Sports began
operations in the Southwest. The company was able to sign salvage
contracts with a number of private golf courses by offering a no-charge
assessment of marine conditions and underwater irrigation systems for these
courses during the salvage process.
In 1990, to offset seasonal golf revenues, Encore took
on equipment distribution for a wide range of outdoor sports.
In 1992, the company refined its focus to warehouse distribution and finance
/ factor activities. In 1995, Encore exited the salvage business
to concentrate its activities on venture capital financing.
Today, Encore limits its activity to opportunities
in emerging technology industries with a bias toward wireless electronic
communication and alternative fuel developments.
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