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SportsPrize Entertainment Inc. Announces New Board Members
LOS ANGELES, Jul 9, 1999 (BW SportsWire via COMTEX) -- SportsPrize(OTCBulletin Board:JOCK) SportsPrize Entertainment, Inc. (OTCBB: JOCK), announced the appointment today of two new company directors.
These additions to the board signal the continued growth and development of the company that will culminate in the launch of the Sportsprize.com site early this quarter.
Alan Gerson, President of Interactive Marketing Inc., and Abe Carmel, Chairman of Carmel Associates LLC, have been appointed to the SportsPrize Board of Directors. Gerson and Carmel bring extensive experience that will help guide the success of this innovative Web-based entertainment company.
Mr. Gerson's long and distinguished career spans the broadcast and cable television, electronic commerce, live event marketing and Internet fields. In addition to being a notable industry consultant, Mr. Gerson has held senior positions for a number of related companies including NBC and the Home Shopping Network, and an executive consulting position with Softbank Interactive Marketing. Gerson's firm, Interactive Marketing Inc., is currently working with SportsPrize to evolve the sports portal's marketing, alliance and e-commerce strategies. His addition to the board further solidifies this relationship.
Mr. Carmel leads an international investment banking firm which specializes in the financing and marketing of high technology, Internet and telecommunications companies. Mr. Carmel has facilitated numerous multi-million dollar equity investments as a senior advisor to growing companies throughout the world. His most recent projects include Noble China Limited and Clariti Telecommunications International Ltd. Mr. Carmel also serves as a director and COO of Atlantic Communications International Limited, a large telecommunications company with holdings in the USA, Canada, Asia, Europe and The Middle East, and AsiaNet Corporation, a company with Internet holdings in Asia and the USA.
"As we prepare to launch our online sports entertainment portal, we're encouraged by the strength we're adding to the board", said Jeff Paquin, President and CEO. "Alan and Abe both have unique skills that SportsPrize requires as we take the next step in our strategic growth plan."
SportsPrize continues to lay the necessary foundation upon which its on-line sports entertainment portal will be built. Significant accomplishments to dateinclude:
- Securing $3.5 million in equity investment.
- Forming strategic alliances with Interactive Marketing Inc.,
Kaleidoscope Sports & Entertainment and DBC Sports.
- Receiving approval for Standard & Poor's listing and blue
sky manual exemption trading.
- Adding Michael Wiedder as Vice President of Marketing.
"The third quarter will be an exciting and pivotal period in SportsPrize's development", stated Jeff Paquin. "Beyond the launch of the site, our focus is on executing our development strategy and ensuring the pieces are in place to achieve our long term business objectives."
Over the next quarter SportsPrize is looking to add to its bench strength by finalizing key contracts with partners of its Internet site. This includes securing further corporate sponsorships, forming media partnerships and evolving innovative advertising and e-commerce opportunities to maximize revenue and market share for SportsPrize.com. The company will also be looking to choose a major celebrity sports spokesperson to exemplify and endorse the brand. Complemented by an aggressive marketing strategy to drive traffic to the site, this all is designed to build a brand with which target consumers readily identify and entrench SportsPrize.com as the leader in on-line sports.
SportsPrize Entertainment, Inc. is a web-based entertainment company dedicated to creating the premier interactive Sports Community on the Internet. A rapidly evolving worldwide web is increasingly becoming a mainstream news and entertainment source, with one third of all on-line users targeting sports-related information (Jupiter Communications, New York). SportsPrize plans to leverage the power of sports entertainment and information by incorporating innovative advertising, marketing and e-commerce opportunities that will have global appeal for sports fans.
The company's portal SportsPrize.com will constitute a unique, multi-faceted on-line Sports Community, the main draw of which will be the "SportsPrize Tournament", a proprietary, interactive game designed to challenge and reward sports enthusiasts. Interactive links that enable SportsPrize members to view live sporting news feeds, check in for up-to-date sporting scores and communicate via chat rooms and free e-mail, will further capture the attention of sports fans. The portal will operate its own e-commerce stores and Auction Hall facilitating one-stop, on-line shopping for sports apparel and equipment and sports memorabilia. With a strong management team in place andprominent Internet and sports marketing partners, SportsPrize.com is poised to become one of the most exciting destinations on the net. The corporate website for SportsPrize.com can be accessed at www.sportsprize.com
"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.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: SportsPrize Entertainment Inc.
Jeff Paquin, 888/335-3783 ext. 329
Website: www.sportsprize.com
or
Sonora Capital
Matthew Emery, 800/665-7684
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA
INDUSTRY CODE: ENTERTAINMENT
SPORTS
MANAGEMENT
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