...guess this is my job...http://biz.yahoo.com/bw/991004/nj_sportcu_1.html
Sportcut.com Strengthens Management Team
Jordan Schlachter, Former NBA Executive, Named CEO
WEST ORANGE, NJ--(BUSINESS WIRE)--Oct. 4, 1999--Worldwide Entertainment & Sports Corp. (NASDAQ:WWES - news) today announced that its Internet subsidiary, Sportcut.com, Inc. has appointed Jordan Schlachter as Chief Executive Officer. Mr. Schlachter replaces R. Michael Bermeo effecting a management transition from Bsquared Communications, Inc., a strategic marketing and technology firm developing the project, to a dedicated Sportcut.com staff.
Prior to joining Sportcut.com, Mr. Schlachter was employed by the National Basketball Association since 1991. Most recently he was Director of Financial Planning and Analysis and previously was Director of Business Development and Operations for the Consumer Products Group of NBA Properties. His experience includes financial operations, business planning, marketing and administration. Mr. Schlachter received a B.A. from Harvard University and a M.B.A. from New York University.
Marc Roberts, Chief Executive Officer of Worldwide Entertainment & Sports, commented, ``I am delighted to welcome Jordan to the WWES team. His significant expertise will be invaluable as Sportcut.com transitions from a development stage company to a commercial operation. Jordan has the professional management and strategic planning experience Sportcut.com needs to take the company to the next level.'
About Sportcut.com
Sportcut.com (www.sportcut.com) is a unique sports website that ``flanks' the current market leaders through a combination of content and e-commerce. Sportcut.com will leverage the excitement and fan interest related to the thrilling world of sports by providing them access to the activities and lifestyles of professional athletes and sports agents. Specifically, Sportcut.com will focus on the business and entertainment value of sports, while cultivating the growing trend of athlete as celebrity. By utilizing the content and expertise of a variety of sports figures, professional leagues, and other sports entities, Sportcut.com will occupy a differentiated, unparalleled space in the market.
Sportcut.com creates a total sports experience by delivering the site on the users' terms. The fan has access to the insider news and online games they crave while being part of a sporting community offering unparalleled sports experiences, merchandise and unique memorabilia. Sportcut.com is expected to launch in the Fall of 1999 and will continue to evolve with new offers through the year 2000.
Sportcut.com will leverage the activities of WWES' core business and will take advantage of the synergies that exist between the two entities. WWES' success in attracting top quality athletes has created an extremely valuable asset that Sportcut.com will leverage against a considerable online opportunity. Sportcut.com will gain access to the world behind the world of sports through WWES whose clients include professional athletes in boxing, football and motorsports. The daily activities of WWES allow Sportcut.com a unique insight into the world of sports, the business of sports, access to athletes, and exciting strategic alliances.
Sportcut.com will combine five major areas of interactivity that include original content, interactive games, a robust fan community, an online store and auction. The site will be tied together through an exciting e-currency whereby users earn through participation. The e-currency can then be redeemed for any products at any time. About Worldwide Entertainment & Sports, Inc.
Worldwide Entertainment & Sports provides management, marketing and commercial endorsement agency services to various entertainment and sports entities. Its clients include professional athletes in boxing, football and motorsports. Worldwide Entertainment & Sports is on the World Wide Web at www.wwentertainment.com.
This release contains forward looking statements which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``will' or ``should' and similar expressions reflecting something other than historical fact are intended to identify such statements. These forward looking statements involve a number of risks and uncertainties, including, but not limited to: the success and achievement of the athletes managed by the Company; demand for their services; the ability of the company to attract additional clients; the effect of the Company's accounting policies; and other risk factors detailed in the Company's filings with the Securities and Exchange Commission.
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Contact:
Marc Roberts
Chief Executive Officer
(212) 290-8444
or
Keith Lippert/Vince Daniels
Lippert/Heilshorn and Associates
(212) 838-3777 |
