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Sportsprize Entertainment Inc. Announces Approval for Standard and Poor's Listing and Blue Sky Manual Exemption
MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--June 22, 1999--SportsPrize(OTC Bulletin Board:JOCK - news) Sportsprize Entertainment, Inc. (OTC BB:JOCK - news) today announced that the Standard and Poor's Editorial Board has approved JOCK for a full description in Standard & Poor's Standard Corporate Records, effective Tuesday June 29, 1999.
The Company will now have its description published in the Standard & Poor's Daily News Section. Addditionally, Standard and Poor's will initiate financial coverage of the Company as part of the S&P Market Access Program. Sportsprize Entertainment Inc. will receive coverage on Standard and Poor's Internet site, www.advisorinsite.com, as well as on S&P Marketscope and the S&P Stock Guide Database.
Standard Corporation Records is a recognized securities manual for ''blue sky/manual exemption'' trading in approximately 35 States. Principally, Sportsprize Entertainment Inc.'s listing in Standard Corporate Records will assist the brokerage community within these States in creating a market for the Company's stock. As well, this approval will broaden the dissemination of news from the Company and heighten the awareness of the financial community.
SportsPrize.com is in the process of completing the regulatory filing to achieve Fully Reporting Status, and expects to file its form with the SEC by July 15, 1999. Thereupon, the Company will begin application for listing the shares on the NASDAQ Smallcap Market.
SportsPrize Entertainment Inc. is a web-based entertainment company dedicated to creating the premier interactive Sports site on the Internet. Through its portal, SportsPrize.com, the company will evolve into a unique and multi-faceted on-line sports entertainment community. The main draw of the site will be the ''SportsPrize Tournament'', a proprietary, interactive game designed to challenge and reward sports enthusiasts. SportsPrize.com plans to leverage the power of sports and the growth of the Internet by incorporating unique retailing, advertising and marketing opportunities that will command the attention of sports fans around the world.
On Behalf of the Board of Directors,
Jeff Paquin, President
'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995. This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact:
Sonora Capital Investor Relations, 800/665-7684 Corporate Website: www.sportsprize.com Email: sonora@direct.ca
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