Snider Capital 'Lands on the Green' with 5.1 million USD Investment in Hospitality Solutions International, Inc.

HSI is the parent company of ClubSystems Group, Inc. (CSG), the nation's largest provider of technology solutions for the private country club marketplace. HSI is also a leading supplier of software management systems for the restaurant and hotel industries. Snider Capital L.P. also holds an option to invest an additional $4.9 million in the company within 60 days.

"We've evaluated a number of deals that would give us an entrée into e-commerce for the golf marketplace. CSG is clearly the most viable opportunity," says Jay Snider, president of Snider Capital L.P. "CSG is by far the industry leader and maintains more than 40 percent of the market, with 2,500 country clubs using its software management system. This infrastructure makes CSG well poised to introduce e-commerce solutions in a meaningful way in response to growing demand. HSI is also very diversified, with a strong presence in the hospitality and restaurant markets," he said. The restaurant division maintains such prominent clients as Applebee's, California Pizza Kitchen, Rainforest Cafe and Sizzler.

HSI's goal is to grow its divisions through an application service provider (ASP) model and leverage off its existing client base. It plans to aggressively market the new version of its products to existing clients as well as become a dominant player in the software business with all of its divisions.

HSI's club division's current offerings include a complete portfolio of Windows-based products named ClubConnect™, featuring membership management, pro-shop/retail POS systems, banquet and catering, accounts payable, accounts receivable and payroll services.

Eric Blum, CEO of Hospitality Solutions International, explains, "More of our customers' club members are asking for e-commerce services such as making reservations, paying bills online, even tracking their golf handicaps. We will focus this funding on satisfying our customers' needs. We are also eager to leverage Snider Capital's management expertise in sports recreation to further evolve our business model."

About Hospitality Solutions International, Inc.

Hospitality Solutions International, Inc. is headquartered in Jenkintown, Pa., and was founded in 1992, with the introduction of the hotel industry's first Windows Point-of-Sale (POS) system. Today, its products are installed in more than 17,000 locations worldwide and more than 350 employees in nearly 40 offices throughout the U.S. and abroad serve its customers.

About Snider Capital, L.P.

Headquartered in Ardmore, Pa., Snider Capital, L.P. () is a leading private equity source for sports, recreation and leisure e-business. Current holdings include: FrontLine Solutions, a sports management software venture; Virtual Spectator, Ltd., an innovative, live Internet Sports Channel; PowerSchool, a leading provider of web-based student information systems; Legend Eyewear, USA, maker of sunglasses for outdoor sports; IT Capital, Ltd., an information technology investment company; and Hospitality Solutions International, Inc. (HSI), a leader in software development and systems integration in the international hospitality industry. The principals of Snider Capital, Ed and Jay Snider, are among the nation's leaders in the media and sporting industries. As veteran entrepreneurs, the Snider family has owned and operated professional sports franchises, radio and television stations, an arena management company, an event ticketing enterprise and a security management business.