Champions Inks Agreement with AllSoldOut, Adds Three Advisors.Business Editors/Hi-Tech Writers ARLINGTON, Va.--(BUSINESS WIRE)--Dec. 12, 2000 Champions Sports, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSBR CSBR Center for Sustainable Building Research ), announced today that its subsidiary Champions Tech Ventures, Inc. signed an agreement with AllSoldOut, Inc. to assist in its business development and capital formation activities. AllSoldOut of Arlington, VA (www.allsoldout.net) is a provider of e-catalyst solutions, specializing in developing proprietary internet technology, such as TurboQ, a product that extends the functionality, robustness and useful capacity of all web-based database sites, while lowering their software and hardware costs. Other AllSoldOut software products include its ASP e-mail marketing Email marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. solution, the EmailFactory (www.emailfactory.com). James J. Heigl Jr., Champion's 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. , stated, "TurboQ has the potential to change the landscape for all companies using web-based databases for e-commerce and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . The impact in the multi-billion dollar market could be enormous, and we're looking forward to working with AllSoldOut to make that happen." Harold Kraft, AllSoldOut's founder and CEO, stated "We're very excited to have the support and resources of the Champions team with us to accelerate the growth and success of our company. Their wisdom and experience is a great advantage for making TurboQ become a marketplace leader." Champions also announced the addition of three new members of its Advisory Board. Debra Diamond, President, Debra Diamond Associates, an advisory firm to early stage companies. Ms. Diamond served as President of the T. Rowe Price T. Rowe Price (NASDAQ: TROW) is an independent global investment management firm and mutual fund manager based in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr.. T. New Frontiers New Frontier President John F. Kennedy’s legislative program, encompassing such areas as civil rights, the economy, and foreign relations. [Am. Hist.: WB, K:212] See : Aid, Governmental Fund and as VP of the New Horizons Fund. Ms. Diamond is a nationally recognized money manager who has been profiled in Forbes, The Wall Street Journal and The San Francisco Chronicle The San Francisco Chronicle was founded in 1865 as The Daily Dramatic Chronicle by teenage brothers Charles de Young and Michael H. de Young.[2] The paper grew along with San Francisco to become the largest circulation newspaper on the West Coast of the . She serves on the Advisory Board of the Women's Growth Capital Fund. Daryl B. Davis, Managing Director, Global Star Partners, L.L.C., specializing in acquiring international and domestic companies in the technology and infrastructure sectors. Mr. Davis was a co-founder of Pulsar Data Systems, which was sold in 1999. Stephen O. Rossetti, Jr., Director, DITRS in the Office of the Assistant Secretary of Defense. Prior to joining the Defense Department, Mr Rossetti was a staff member of the House Armed Sevices Committee. Champions Tech Ventures, Inc. provides Management Capital to help early-stage technology companies increase the chances of becoming successful businesses by assisting client companies in solidifying their business strategy and business plans; by keeping them focused on their implementation; and by holding them accountable for taking actions to fully execute those plans. The Company assists its clients in their business planning, capital formation, marketing and partnership efforts, and in the development of their management team. Management Capital is provided in exchange for cash compensation and equity in client companies. This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995) that inherently involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion