EXHIBIT 99.1

FOR IMMEDIATE RELEASE
CONTACT:    Robert H. Donehew, President and Treasurer
            (770) 952-3386
            John F. McCarthy, III, Chairman and Secretary
            (571) 235-3005


                  GOLFROUNDS SIGNS DEFINITIVE MERGER AGREEMENT


     MARIETTA,  GEORGIA, September 19, 2003 -- GOLF ROUNDS.COM, INC. ("Company")
(OTC BB:  TEEE),  has  announced  the signing of a definitive  agreement for its
acquisition  of  Direct  Petroleum   Exploration,   Inc.   ("DPE").   DPE  is  a
development-stage company that owns patented technology for the direct detection
of hydrocarbon reserves,  which has been used successfully outside of the United
States for more than two years.


     The acquisition will be accomplished  through the merger of a newly formed,
wholly owned  subsidiary  of the Company with and into DPE. DPE will survive the
merger as a wholly owned  subsidiary  of the Company.  The  consummation  of the
merger is subject to certain conditions, including, among others, the successful
testing  of the DPE's  proprietary  technology  through  the  identification  of
potential oil and gas reserves in the United States and the subsequent  drilling
of a number of test  wells.  Assuming  all of the  conditions  to the merger are
satisfied,  the merger is  expected to close  during the first  quarter of 2004.
Following the merger, the board of directors of Golf Rounds will be comprised of
six  directors  designated  by DPE and one director  designated  by Golf Rounds'
current board.


     The Company will issue  approximately 6.4 million shares of common stock in
the merger,  representing approximately 65% of the outstanding common stock on a
post-closing   basis,   subject  to  adjustment.   The  Company   currently  has
approximately 3.45 million shares of common stock outstanding.


     The Company currently operates as a vehicle for the acquisition of a target
business  that it believes has  significant  growth  potential.  It has been the
Company's  intention  to use  its  available  cash,  capital  stock,  debt  or a
combination  of  thereof to effect a business  combination  with a company  that
desires to establish a public trading  market for its securities  while avoiding
what it may deem to be adverse  consequences  of  undertaking a public  offering
itself, such as time delays,  significant  expense,  and other burdens including
significant  professional  fees.  The merger  discussed  herein  represents  the
implementation of the Company's business plan.



     This press release contains  forward-looking  statements that involve risks
and  uncertainties  that could cause actual  results to differ  materially  from
those set forth in the forward-looking statements. These risks and uncertainties
are described in the Company's filings with the SEC, including its Annual Report
for the year ended August 31, 2002 and its Quarterly  Report for the nine months
ended May 31, 2003.


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