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Summary Report:
Division I Market and Revenue Potential

July 16, 2002




Mr. Gene Taylor
Director of Athletics
North Dakota State University
Bison Sports Arena
P.O. Box 5600
Fargo, North Dakota 58105-5600



Dear Mr. Taylor: Conventions, Sports & Leisure International International is pleased to present a summary report regarding the market and revenue potential for a reclassified Division I intercollegiate athletics program at North Dakota State University. The information contained in this report is based on estimates, assumptions, and other information developed from research of the market, knowledge of the sports industry, and other factors, including certain information provided by third parties. All information provided to us by others was not audited or verified, and was assumed to be correct. Because the procedures were limited, we express no opinion or assurances of any kind on the achievability of any projected information contained herein and this report should not be relied upon for that purpose. Furthermore, there will be differences between projected and actual results. This is because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report.



We sincerely appreciate the opportunity to assist you, and would be pleased to be of further assistance in the interpretation and application of the study's findings.



Very truly yours,


Conventions, Sports & Leisure International






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