Fantasy Sports, Inc. Enters Into An Agreement To Become First Official NASCAR Licensed Fantasy Games Provider.Business & Sports Editors 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)--Jan. 7, 2003 Agreement Facilitates 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. Branding In All Online and Offline Formats 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 ) today announced that its 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. , Fantasy Sports Inc. http://www.fantasycup.com, has entered into an agreement with the National Association for Stock Car Auto Racing National Association for Stock Car Auto Racing: see NASCAR. , Inc. (NASCAR) to become an officially-licensed NASCAR fantasy games provider. The two-year agreement enables Fantasy to market its "2003 NASCAR Winston Cup Series" and "2003 NASCAR Busch Series The NASCAR Busch Series is a stock car racing series owned and operated by NASCAR. It is NASCAR's "minor league" circuit (often compared to Triple-A baseball), and is a proving ground for drivers who wish to step up to the organization's "big league" circuit, the Nextel Cup. " games. Additionally, Fantasy will utilize the NASCAR logo and trademark in its "One Race Challenges" and all its online and offline promotional material. The licensing agreement also ties in with Fantasy's exclusive agreement to provide high-end subscription fantasy games on NASCAR.com. Greg Liegey, President of Fantasy Sports, Inc. said, "We are extremely pleased to become an official member of the NASCAR family. This is our 10th Anniversary of operating America's number one NASCAR fantasy games site. It is appropriate that this celebration of our first decade is crowned by this official recognition. Over the past ten years, hundreds of thousands of players have participated in our games, and have earned cash and prizes in excess of $5 million." Mr. Liegey concluded, "We anticipate that our partnership with NASCAR will help us communicate more clearly to reach the millions of avid NASCAR fans worldwide." 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 and Busch Series race challenges, a College Football full season challenge, 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 NASCAR Founded by William H.G. France in 1948 to organize and promote stock car racing
Stock car racing is a form of automobile racing found mainly in the United States and Great Britain held largely on oval rings of between approximately a quarter-mile and 2. , the National Association for Stock Car Auto Racing (NASCAR) is America's number one spectator sport in average attendance and the number two sport on television. NASCAR sanctions more than 2,200 events at 124 tracks, in 37 states across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. every year. Sales of NASCAR licensed merchandise rank third among all professional sports and 11th among all licensed brands worldwide. About Silverstar Holdings Silverstar Holdings Ltd. 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 acquiring, controlling positions in high growth sports and media related 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 Student Sports, Inc, the nations leading provider of media and marketing services to the high schools teen sports market. The statements which are not historical facts contained in this press release are forward-looking statements 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion