Champions Launches Tech Ventures, Inc.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Oct. 4, 2000 Champions Sports, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CSBR CSBR Center for Sustainable Building Research ), today announced the launching of Champions Tech Ventures, Inc. as its first initiative to diversify into the high-technology area that was announced on August 23, 2000. Champions Tech Ventures will provide Management Capital to help early-stage technology companies become successful "champion" 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 will provide advice and guidance for clients in their capital formation, marketing and partnership efforts, and in the development of their management team. Management Capital will take the form of a group of experienced CEOs who will be assigned as coaches to the 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. and leadership team of the Company's clients. These CEO coaches will provide their expertise, resources, contacts, and passion to help entrepreneurs and their companies succeed as "champion" businesses. Management Capital will be provided in exchange for cash compensation and equity in client companies. Harry A. Lee, who joined Champions Sports, Inc. on August 22, 2000 as its Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will be the President and CEO of this subsidiary. Lee is a U.S. Naval Academy graduate with over 20 years experience in information technology and technology management, including an M.S. degree from American University American University, at Washington, D.C.; United Methodist; founded by Bishop J. F. Hurst, chartered 1893, opened in 1914. It was at first a graduate school; an undergraduate college was opened in 1925. Programs provide for student research at many government institutions. in Technology of Management. He founded and recently sold Gestalt Gestalt (gəshtält`) [Ger.,=form], school of psychology that interprets phenomena as organized wholes rather than as aggregates of distinct parts, maintaining that the whole is greater than the sum of its parts. Systems, Inc., a pioneer and leader in technology training, certification and courseware development. He is an active venture capital investor and founder of The CEO Advisory Group. Lee has worked with many emerging technology companies guiding and advising new CEO's. "The mission of Champions Tech Ventures" says Lee, "is to help high-technology entrepreneurs turn their ideas and opportunities into valuable "champion" businesses." James J. Heigl Jr., Champions Sports, Inc.'s new Chairman and CEO, said, "The launch of Champions Tech Ventures is the first step in our diversification program. We believe this service, which fills a much needed void in the Washington Metropolitan Area The Washington Metropolitan Area, formally known as the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA is a U.S. Metropolitan Statistical Area (MSA) as defined by the United States Office of Management and Budget (OMB) as of November 2004. , will help Champions build a portfolio of successful 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's actual results could differ materially from those anticipated in these forward-looking statements as a result of unforeseen external factors. These factors may include, but are not limited to, changes in general economic conditions, customer acceptance of products or services offered and other general competitive factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. 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