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AllSportsMarket.com, World's First Global Sports Financial Exchange, Announces Double IPO Weekend; Eastern Major League Lacrosse and Eastern Canada Professional Soccer League IPOs to Release on Sunday, May 14.


MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 -- AllSportsMarket.com (ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. ), the world's first global sports financial exchange, loosely termed a sports stock market, announced today the continued expansion of its sports investment platform with the initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) for both Eastern Major League Lacrosse Major League Lacrosse is a professional outdoor Lacrosse league that is made up of teams within the United States. The league is currently made up of 10 teams in two conferences, Eastern and Western. History
The MLL began regular season play in June of 2001.
 and the Eastern Canada Eastern Canada (also the Eastern provinces) is the region of Canada generally considered to be east of Manitoba, consisting of the following provinces:
  • Ontario (1 July 1867)
  • Quebec (1 July 1867)
  • New Brunswick (1 July 1867)
  • Nova Scotia (1 July 1867)
 Professional Soccer League. The IPOs will release on Sunday, May 14, at 7:00 p.m. EDT EDT
abbr.
Eastern Daylight Time


EDT Eastern Daylight Time

EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York

EDT 
 for Major League Lacrosse and 8:00 p.m. EDT for the Canada Professional Soccer League, further adding to the 45 sectors and 1,500 sports derivatives contracts already listed on the ASM exchange.

The Eastern Major League Lacrosse IPO will open with a float of 500 sports derivatives per team and a dividend reserve of $1,500 per team, while the Eastern Canada Professional Soccer League will open with a float of 600 sports derivatives per team and a dividend reserve of $2,000 per team.

ASM is the world's first sports derivatives contracts market, the loosely termed "sports stock market," allows global users to purchase and trade self-sustaining performance-based sports derivatives on a worldwide marketplace. There are currently 11,000 traders on the exchange representing 114 countries.

Users gain profits by buying, selling, and trading derivatives; while receiving dividend earnings based on the performance of their holdings. ASM is rapidly-expanding its market by forging a number of league partnerships with major international sports teams. AllSportsMarket recently introduced NHL NHL Non-Hodgkin's lymphoma, see there  legend-of-the-ice Bernie Nicholls as the first ASM celebrity spokesperson. Nicholls will work extensively with AllSportsMarket.com to aggressively promote the growing sports financial exchange.

"The IPOs for both Eastern Major League Lacrosse and the Eastern Canada Professional Soccer League are a welcome addition to the sports derivative market," said Chris Rabalais, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of AllSportsMarket.com. "We are pleased to introduce Eastern Major League Lacrosse and the Eastern Canada Professional Soccer League to our traders and look forward to the continued community outreach such IPOs allow us to do." In addition to providing a sports investment platform ASM uses the exchange to help support under funded sports and health research projects that benefit local communities. Such contributions include recent donations to orphan programs in Mexico, Parkinson research in the U.S., and sponsoring amateur golf events in Latin America.

For additional information about the upcoming AllSportsMarket.com Eastern Major League Lacrosse and the Eastern Canada Professional Soccer League IPOs, or for general information about ASM, please visit www.allsportsmarket.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 12, 2006
Words:399
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