To: Glenn Petersen who wrote (921 ) 1/20/2000 10:19:00 AM From: GBT Respond to of 954
BULL's IPO of Total Sports Inc will be announcing a date soon. Should be a really popular IPO, being compared to SPLN. BULL a $5 stock should get a good pop when this is announced. Bull Run Corporation Reports Total Sports, Inc. Filing of Registration Statement and Issuance of Series D Preferred Stock PR Newswire - November 16, 1999 10:06 ATLANTA, Nov. 16 /PRNewswire/ -- Bull Run Corporation (Nasdaq: BULL) announced that Total Sports, Inc. has filed a Registration Statement with the Securities and Exchange Commission relating to a proposed $50,000,000 initial public offering of its common stock, and that Total Sports had raised proceeds of approximately $35.5 million as a result of an offering of approximately 2,100,000 shares of its Series D Preferred Stock to certain institutional investors. Bull Run and its affiliate, Host Communications, Inc., collectively own approximately 11.4% of Total Sports' outstanding capital stock. Total Sports, based in Raleigh, NC, is a leading online sports new media company that focuses on providing real-time, event-centered sports coverage. The Total Sports networks feature TotalCast(TM) live-event programming that integrates interactive graphical, textual and statistical analysis and information. Total Sports has five networks: the Total College Sports Network; the Total Baseball Network; the Total Golf Network; the Total Racing Network; and the Total Sportfishing Network. These networks consist of over 100 Web sites that provide live event coverage, historical databases, expert analysis and breaking news of many collegiate and professional sports. In 1999, Total Sports expects to provide real-time coverage of over 4,000 sporting events on its networks. In addition to a unique and compelling user experience, the Total Sports Networks provide advertisers and merchants with online sponsorship and e-commerce opportunities associated with specific sports, leagues, teams and events. Total Sports has strategic relationships with NBC Sports, the NCAA, Major League Baseball and Sports Illustrated, among others. Total Sports also publishes sports encyclopedias, fan guides and other sports-related books which further establishes the company as a sports authority. Proceeds from the Series D Preferred Stock offering and the proposed public offering are intended to be used by Total Sports for the expansion of its marketing efforts and technology infrastructure, for strategic acquisitions and for general corporate purposes, including working capital. A Registration Statement relating to the common stock of Total Sports, Inc. has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.