Fantasy Sports, Inc. Launches Fee-Based College Basketball Bracket Challenge Game.Business Editors/Sports 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)--Feb. 27, 2001 Game, for Which Patent is Pending, Provides Unique Ability For Continued Participation Throughout The Tournament In a further expansion of its online game offerings, Fantasy Sports, Inc. (www.fantasycup.com), 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 ) today announced the launch of its 2001 College Fantasy Basketball Fantasy League Basketball was inspired by fantasy baseball. Originally played by keeping track of stats by hand, it was popularized during the 1990s after the advent of the Internet. Challenge game. The game, for which a patent is pending, offers players the unique ability to trade online and earn points throughout the tournament thereby providing participants the ability to win even if their early round selections were eliminated. The game will run simultaneous to the NCAA NCAA abbr. National Collegiate Athletic Association March Madness March Madness may refer to:
Clive Kabatznik, Chief Executive Officer of Silverstar Holdings, Ltd., said, "The launch of this tournament challenge marks the first new game developed by Fantasy Sports since we acquired them in November 2000. We are committed to rolling out a broad range of primarily fee-based games in different sports in order to diversify our revenue streams and to grow the company into the premier provider of fee-based fantasy sports games in 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. ." "The March college basketball College basketball most often refers to the American basketball competitive governance structure established by the National Collegiate Athletic Association, or NCAA. History
"The patent-pending game engine developed by Greg Liegey, 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 Fantasy Sports, will be used in future tournament game applications where seeds and elimination rounds are integral elements of the sporting event," concluded Mr. Kabatznik. 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 www.fantasycup.com. The company runs highly successful Spring, Fall 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 season challenge. Fantasy Sports' subscription based games also provide easy access for free play through the US mail. 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 fantasy sports games; as well as a 33% fully diluted stake in Magnolia Broadband, Inc., a company developing broadband wireless fixed-access applications. The Company recently initiated a $2.5MM share buyback. 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. |
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