Fantasy Sports, Inc., and TheInsiders.com Network Enter Distribution Agreement.Business Editors/Sports & Technology Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 24, 2001 Agreement Provides Fantasy Sports Exclusive Distribution on TheInsiders.com Network Fantasy Sports, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Silverstar Holdings, Ltd. (Nasdaq:SSTR SSTR Somatostatin Receptor SSTR Stability, Security, Transition, and Reconstruction SSTR Solid State Track Recorder SSTR Small Business Technology Transfer Program SSTR Senior Staff Technical Representative ), and TheInsiders.com, the online sports network re-launched by Jim Heckman, founder of Rival Networks, today announced an agreement under which TheInsiders.com will exclusively distribute the Fantasy Cup College Football game on its network of over 60 team-specific and college recruiting sports web sites. The agreement brings the leading College Football Fantasy Football Fantasy football can refer to:
Jim Heckman, 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 TheInsiders.com, said, "This agreement is the perfect marriage of the network we built over the past three years, plus its avid sports fans and communities, with the top fee-based fantasy sports games provider. Not only does this allow our users to play a top-notch fantasy game, they also will have at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. all the crucial and inside information from our network that will allow them to flourish in the game. We think this is an exciting game for our users because there are no hidden costs, including no additional fees for trades, and great customer service. These features are in lock-step with our intention of providing TheInsiders.com users the best, most extensive and inside experience possible." Greg Liegey, CEO of Silverstar Holdings, said, "This distribution agreement is a further step towards realizing Fantasy Sports' goal to establish itself as the leading fee-based fantasy sports games provider. We think this is an excellent agreement that will bring great value to both sides. With its superb network of over 60 team specific sites we feel that TheInsiders.com network offers us access to an ideal client base. We are one of the few full-service fantasy games providers with not only a completely interactive web site, but also a fully trained, toll-free, customer service center which is manned seven days a week, as well. Our full-service infrastructure and dedication to consumer service will provide a new level of enjoyment to avid College Football fans throughout TheInsiders.com network." About Fantasy Sports Fantasy Sports, Inc., founded in 1993, is one of the oldest and largest providers of predominantly fee-based fantasy sports games, accessible through their website at http://www.fantasycup.com. The company runs highly successful first half of the season, second half of the season and individual NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. race challenges, as well as a College Football full season challenge and a College Basketball College basketball most often refers to the American basketball competitive governance structure established by the National Collegiate Athletic Association, or NCAA. History
About Silverstar Holdings Silverstar Holdings Ltd. (Nasdaq:SSTR) is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , focusing on investing in businesses that stand to benefit from the economies of scale generated by Internet and other technology related platforms. It currently owns Fantasy Sports, Inc., a dominant provider of fee based NASCAR related and other fantasy sports games; as well as a 33% fully diluted stake in Magnolia Broadband, Inc., a company developing broadband wireless See wireless broadband. applications. About TheInsiders.com Based in Seattle, Wash., and re-launched in 2001 by Jim Heckman, the founder of Rival Networks, TheInsiders.com (http://TheInsiders.com) online sports network features the best college recruiting, college team, professional and high school team insiders in the country. Heckman's team, including the original Rivals CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and core-engineering team, has partnered with Brian Kosar and Kosar Investment, Inc., and Doug Moore and Vulcan Media to provide the most extensive and inside sports content in a network also featuring next-generation online technology. The statements which are not historical facts contained in this press release are 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. that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. |
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