American Sports Development Group Inc. Announces Change in Management and Focus on Extreme Sports Insurance Division.Business Editors GREENVILLE, S.C.--(BUSINESS WIRE)--May 20, 2003 American Sports Development Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASDP ASDP American Society of Dermatopathology ASDP Agricultural Sector Development Programme ASDP Abbreviated System Decision Paper ASDP Afghan Social Democratic Party ASDP Anal Sphincter Dysplasia ASDP Airport Security Display Processor ) is proud to announce that, effective immediately, Matt Brown, a 25-year veteran of the "Extreme Sports extreme sports Sports events characterized by high speed or high risk. Such sports include aggressive inline skating, wakeboarding, street luge, skateboarding, and freestyle bicycle events (wherein tricks such as back flips are performed on a bicycle). ," and insurance industry will be replacing William R. Fairbanks as the Chairman and 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 American Sports Development Group Inc. In addition to this, Mr. Brown will be heading up the lucrative "Extreme Event Insurance" division that historically has been a profitable division. In addition, the company believes that with the explosive worldwide growth and dynamic media presence of the Extreme Sports Industry, it's an emerging area for growth, and the company plans to focus its efforts on this underexploited corporate resource. Some of the events that ASDP will be working on are NBA Playoffs The NBA Playoffs is a four-round best-of-seven elimination tournament between sixteen teams in the Eastern Conference and Western Conferences (called Divisions, pre-1970) of the National Basketball Association, ultimately determining the league champion. , PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used. (2) (Programmable Gate Array) See gate array and FPGA. tournaments, City Marathons, etc. The company is also proud to announce that John Pope will be replacing Douglas Brown as Vice President, and secretary of American Sports Development Group. Mr. Pope has also been in the Extreme Sports industry for more than 17 years. President and CEO Matt Brown stated: "The Extreme Event Insurance division of American Sports Development Group has almost always been a steady profit center, and with the dynamic growth that we are seeing in the amount of Extreme Sports event worldwide, I believe that as a company, we can grow this division exponentially in a very short period of time, by implementing my aggressive growth strategies. "Shareholder value is a primary concern of the new management team. By focusing our attention on profitable, growth-oriented areas, where we will have a unique presence, we feel that our shareholders will be pleased with the new direction we have decided to take American Sports Development Group." |
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