HOUSTON–(HISPANIC PR WIRE – BUSINESS WIRE)–Jan. 8, 2004–OSF Sports & Entertainment, Inc., a wholly owned subsidiary of OSF, Inc. (OTC:OSSI), a publicly traded company, files for and obtains both its boxing and management licenses. By obtaining its boxing license, OSF S&E is now able to promote sanctioned boxing matches without having to joint venture with other promoters and reducing its earnings. Lloyd Broussard, CEO of OSF, Inc. also filed for and received a management license that will allow OSF S&E to manage fighters.

“Now that we have successfully gone through the process of hiring a great staff that we feel can take us to the next level in Sports and Entertainment, getting a license to do things properly and to enhance our shareholder’s profits was not just the right thing to do, but the only thing,” stated Winfred Fields, CFO, of OSF, Inc. OSF, Inc. has made big strides in just a matter of months with its rapidly growing division, OSF Sports & Entertainment. Just days after signing Julio Cesar Chavez Jr. (managed by his father, Julio Cesar Chavez Sr.) to a promotion contract and signing veteran matchmaker Mr. Reuben Rabago, OSF Sports & Entertainment, Inc. shows the aggression of its corporate logo once again “The Tiger of The Industry” by rapidly obtaining its boxing license as well as its management license.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; and other risks that are described from time to time.

–30–JB/na*

CONTACT:

OSF Inc., Houston

Lloyd P. Broussard or Winfred Fields

832-251-8500