Remeber my comments and read deep into this. The sports sector is growing, thus interactive sports will as well, fasten the seat belts folks! Interaction is here now and looking for the content to fill the spaces.
In my opinion, Questec.com Inc. is a strong buy.
B.C.
Sherwood Coasts Group
geocities.com
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McMahon, is very open to new ideas, like ITV.
World Wrestling Federation Entertainment, Inc. Announces the Formation of the XFL - a New Professional Football League
STAMFORD, Conn.--(BW SportsWire)--Feb. 3, 2000--World Wrestling Federation Entertainment, Inc. (NMS: WWFE) announced
today the formation of the XFL - a new professional football league that is scheduled to kickoff in February 2001.
The XFL is expected to launch with eight teams in Los Angeles, Miami, New York, Orlando, San Francisco, and Washington DC.
Two additional teams will be announced at a later date.
The inaugural season is expected to feature a ten-game regular schedule played at major stadiums in each city, and will conclude with
a four-team playoff, and a Championship game at a neutral site. Through subtle rule changes designed to enhance the action and
speed of the game, along with technical innovations that will bring fans inside huddles and on to the sidelines, the XFL is designed
to accentuate the action that football fans crave.
"The appetite for professional football continues long past the Super Bowl," said Vince McMahon, Chairman of World Wrestling
Federation Entertainment, Inc. "The XFL is more than just an extension of the football season, it is a completely new product that
not only fills a void for football fans, but will give the casual fan an all-access pass to a football experience unlike any other to date.
The action will feature the best football players available and will be highly competitive, hard-hitting, and most importantly, fan
friendly. Guaranteed."
World Wrestling Federation Entertainment, Inc. has built a highly qualified team to launch the XFL. Similar to his past role with
the World Wrestling Federation, Basil DeVito, President of New Business Development at World Wrestling Federation
Entertainment, Inc., will oversee the day-to-day operations of the XFL. His new role will utilize his extensive television
syndication, advertising, sponsorship, public relations, live event sales and pay-per-view experience. Michael Keller, a former senior
executive with the start-up USFL Michigan Panthers, start-up World League of American Football, and assistant general manager
with the NFL's Seattle Seahawks, as well as a former linebacker for the Dallas Cowboys, will serve as the XFL's Vice President of
Football Operations.
While World Wrestling Federation Entertainment, Inc. expects to announce broadcast and cable television contracts at a later date, the
XFL has already retained Michael Weisman, a highly respected, award-winning producer whose credits include seven Super Bowls, as
a broadcast production consultant.
"The XFL will attract the entire football-viewing demographic, strengthened by our unique understanding of the young, adult male
audience. That, combined with our extensive experience filling venues and executing live events will help lead to the success of the
XFL," added McMahon.
Forward-Looking Statements: This news release contains forward-looking statements, which are subject to various risks and
uncertainties. These risks and uncertainties include the conditions of the markets for live, broadcast television, cable television,
pay-per-view and Internet entertainment; and licensed merchandise; acceptance of the Company's media and merchandise within those
markets; and other risks and factors identified in the filings with the Securities and Exchange Commission. Actual results could differ
materially from those currently anticipated.
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Contact:
Frank Hernandez/Howard Dolgon
Alan Taylor Communications
212-714-1280
or
Jim Byrne
Senior |
