[2] Sales OnLine Direct and Mastro Fine Sports Announce Strategic Alliance.WORCESTER, Mass.--(BW SportsWire)--Nov. 10, 1999-- Sales OnLine Direct, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:PAID) announced today they have entered into a strategic alliance with Mastro Fine Sports, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control headquartered in Chicago. The agreement provides a formal working relationship between these two companies. Sales OnLine Direct will offer the technical skills necessary to create, host and maintain both the Mastro web sites and their extraordinary auctions. The strategic alliance will include the following arrangements; e-commerce capabilities for Mastro Fine Sports, assisting one another with the marketing and sales of collectibles, access to the Mastro auction archives for Sales OnLine Directs customers so that they may see realized prices, descriptions and pictures of genuine authentic sports collectibles. In addition, Mastro will contribute articles to Sales OnLine Direct for various web sites. "We are confident that these articles will enhance the content on our sites and give users an inside look at important issues that affect the sports collecting world," concluded Marc Stengel, Executive Vice President of Sales OnLine Direct. Mastro Fine Sports will supply its high standards for grading and authenticating sports memorabilia The term sports memorabilia usually refers to anything that can be directly connected to a sports event or personality. These items are generally gathered by fans of the particular sport, athlete or team that the item signifies or by collectors who find value in the rarity to Sales OnLine Direct. We hope to extend these grading services to other Sales OnLine Direct users in the future. The parties have also agreed to purchase jointly, or assist each other in the purchase of certain items for their respective inventories, auctions or sales. The parties have further agreed to assist each other in the marketing and sale of collectibles. Last April, Sales OnLine Direct hosted the auction for Mastro Fine Sports, which set a new world, record with $5,500,000 in bids. This new alliance between the two companies hopes to generate even greater auctions in the near future. Principal Bill Mastro, who has been in the sports memorabilia business for over 30 years and was responsible for Sotheby's (NYSE NYSE See: New York Stock Exchange : BID) sports auctions from 1991 to 1994. Don Flanagan Don Flanagan is the current head coach of the University of New Mexico women's basketball team. As of February 23, 2007, he holds the title of most wins by any coach, men's or women's, at the school with 258 victories. , also a principal of Mastro Fine Sports, directed Christie's sports auctions from 1993 to 1997 and is the sole authenticator and appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property. Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market for the MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. National Sports Gallery in Washington, D.C. Sales OnLine Direct, has also retained the services of MERRILL LYNCH (NYSE:MER mer Among the Cheremi and Udmurt peoples of Russia, a sacred grove where people of several villages gathered periodically to hold religious festivals and sacrifice animals to nature gods. ) to review the possible acquisition of Mastro Fine Sports, LLC. Sales OnLine Direct is currently reviewing the documents from Merrill Lynch. This release contains forward-looking statements with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions, upon which forward-looking statements are based, are reasonable and it can give no assurance that, such expectations and assumptions will prove to have been correct. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion