U.S. Golf & Entertainment, Inc.

Proposed Ticker: USGO		4 Henry Street
Exchange: NASDAQ-Small Cap Market		Commack, New York 11725
Industry: Service		(516) 499-7007

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	5/31/96
U.S. Shares Filed:	1,100,000	Filing Price:	$5.00
Non-U.S. Shares Filed:	0	Offering Amount:	$5,500,000
Primary Shares:	1,100,000	Expenses:	-
Secondary Shares:	0	Shs Out After:	2,345,000

Manager	Tier	Phone
A.R. Baron & Co.	Lead Manager	(212) 630-2666
First United Equity	Lead Manager	(516) 739-4500

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	9/30/96			9/30/96
Revenue:	$0.72	$0.71		Assets:	$2.97
Net Income:	-$0.63	-$0.50		Liabilities:	$0.99
EPS:	-$0.50	-$0.40		Equity:	$1.98
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company is seeking to become a national owner/operator of upscale, high-volume, golf practice and instructional centers and related recreational facilities. The company's facilities are intended to provide attractive and affordable practice and teaching venues to a large and increasing golf population. The company currently operates the Commack Golf and Family Recreation Center, a modern 19-acre, 120-tee facility located in central Long Island. The Commack Golf Center offers year-round facilities for driving, pitching, putting, chipping and sand play, as well as an 18-hole miniature golf course, a snack bar, a full-service pro shop and a golf learning center.

Use of Proceeds

The proceeds from the proposed offering will be used for repayment of bridge loans and certain short term liabilities; leasing, acquisition and opening of golf centers and related recreational facilities; development of additional recreational facilities at the Commack Golf Center and working capital.

Last updated: 12/1/96