Printer Friendly
The Free Library
14,582,462 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Myteam.com Acquires mysportsguru.com.


Business Editors

WOBURN, Mass.--(BUSINESS WIRE)--Dec. 4, 2000

New Interactive Distance Learning Technology Bolsters myteam as a

One-Stop Resource

Mysportsguru 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.  Harlan Stone Noun 1. Harlan Stone - United States jurist who was named chief justice of the United States Supreme Court in 1941 by Franklin D. Roosevelt (1872-1946)
Harlan F. Stone, Harlan Fisk Stone, Stone
 Joins myteam Executive Team

Myteam.com, the leading online center for amateur sports The of this article or section may be compromised by "weasel words".
You can help Wikipedia by removing weasel words.

Amateurism (from Fr.
, has entered into an agreement to acquire mysportsguru.com (MSG MSG: see glutamic acid. ), a Norwalk, CT, based interactive sports site dedicated to team and individual sports instruction, information and community. This acquisition, along with the recently announced acquisition of substantially all the assets of soccer application service provider Zvia Corp, uniquely positions myteam as the one-stop source for amateur sports.

Mysportsguru.com addresses all aspects of sports participation from instruction to cross training, mental conditioning Mental conditioning is the process through which the mind is induced to adopt certain mental patterns, tendencies and/or mental states.

Mental conditioning may be attributable to several causes - mass media, society, peers, parents etc.
 and sports medicine sports medicine, branch of medicine concerned with physical fitness and with the treatment and prevention of injuries and other disorders related to sports. Knee, leg, back, and shoulder injuries; stiffness and pain in joints; tendinitis; "tennis elbow"; and . The acquisition will enhance myteam's content offerings by providing a unique and effective source of comprehensive instruction and distance learning for multiple sports.

Mysportsguru, recently highlighted in Forbes' "Best of the Web" annual, has pioneered the development of sports distance learning. It will focus on building baseball, soccer, golf, tennis and other offerings targeted to the myteam audience. Through mysportsguru.com, myteam will utilize motion-capture technology to give users a frame-by-frame, multi-angle look at how to execute any skill in their sport, allowing them to go at their own pace to sharpen their skills. Mysportsguru.com's innovative content includes instruction from premier sports experts such as Cal Ripken, Jr., Nick Bollettieri Nicholas James Bollettieri (b. July 31, 1931 in Pelham, New York) is an American tennis coach who is credited with developing many world-class champions, including Andre Agassi, Jim Courier, Monica Seles, and Mary Pierce. Recently, he has worked with 2006 U.S.  and the David Leadbetter People called David or Dave Leadbetter include:
  • Dave Leadbetter, Scottish/English politician.
  • David Leadbetter, British golf instructor.
 Golf Academy. As a result of the acquisition, myteam will also offer a line-up of exclusive, expert content that is also highly viable and scalable for broadband, enhanced TV Enhanced TV (ETV) is one example of interactive TV. It is used in particular in reference to Two-Screen Solutions TV + PC services. Generally users of these ETV services have their TV and computer in the same room, and navigate their web browser to a particular program-specific Web , syndication and international use.

"Enhancing myteam's instructional component through mysportsguru's proprietary `distance learning' technology will provide great benefits to our members," said myteam CEO Elliot Katzman. "We are also extremely pleased that MSG's CEO Harlan Stone, one of the country's top sports marketing Sport marketing (or "sports marketing" in the US) (1) the specific application of marketing principles and processes to sport products (e.g., teams, leagues, events, etc.) and (2) the the marketing of non-sports products (e.g., cigarettes, beer, long-distance phone service, etc.  executives, will continue on as a senior executive of myteam, leading company-wide revenue efforts." Prior to leading mysportsguru, Stone was the president of Octagon, the nation's third largest sports marketing firm.

"Mysportsguru was founded on the vision that everyone who participates in sports should have access to the best available information to enhance their abilities," said Stone. "By combining with myteam.com, we can be certain that this vision will be realized through a shared commitment to customized instruction, exhaustive content and cutting edge technology."

Stone added, "While most corporate sponsors have historically invested significant dollars in national brand advertising and promotions, they have found little opportunity to activate their sponsorship commitment at the local level. Myteam provides corporate sponsors with a much-needed vehicle to target local markets directly."

The mysportsguru.com Norwalk, CT, office will remain a functional, 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 myteam.com.

Key MSG investors will make additional investments in myteam.com upon the closing of the transaction. "Through their exclusive relationships with the end users - coaches, parents, players and administrators - myteam will provide MSG's proprietary instructional content and distance learning products to myteam's opt-in affinity groups. The integration of these capabilities will immediately monetize myteam's customer base while enhancing the user experience to create loyal, long-term members," commented Jonathan Gormin, the Chairman of mysportsguru and a Managing Director at Wand Partners, a private equity firm specializing in the integration of Internet technologies, database enablement and business assets.

About myteam.com

Myteam.com is the leading online center for amateur sports and is the world's first Internet site dedicated to serving the needs of the sports family and the entire amateur sports community - players, parents, coaches, league administrators and fans. Everyone who joins myteam.com receives a free secure, personal home page, where information is automatically updated from all his or her teams and leagues. Personal home pages stay with members season-to-season, sport-to-sport, year-to-year.

Myteam.com has signed exclusive multi-year agreements with premier youth sports organizations including Little League Baseball, Amateur Softball Association, Amateur Athletic Union The Amateur Athletic Union, widely known as the AAU, was formed in 1888 to sponsor US teams and players in a wide variety of sports, and has sponsored many tournaments throughout the United States. , Police Athletic League The Police Athletic League (PAL) is an organization in many American police departments in which members of the police force coach young people, both boys and girls, in sports, and help with homework and other school-related activities. , Youth Basketball Organization of America, and several of the premier State Youth Soccer Associations in the United States. The site is also a supporting online partner of Major League Baseball's Reviving Baseball in the Inner Cities program. Myteam.com's audience is comprised of the hundreds of millions of people involved in amateur sports worldwide; the company's relationships, which include more than 30 sports, give myteam.com exclusive access to more than 10 million sports participants and 30 million community members.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Dec 4, 2000
Words:721
Previous Article:Penton Media Announces Key Exhibitors, Corporate Sponsor for Internet World Wireless 2001.
Next Article:Badger Meter Announces Honeywell DMC Services Alliance and Stock Buyback.



Related Articles
GoTo.com.(acquires AuctionRover.com)
Homestore to Acquire Move.com.(Homestore.com acquires Move.com)(Brief Article)
Domain Name Seller Sold.(GreatDomains.com acquired by VeriSign Inc.)(Brief Article)
E-BUSINESS NEWS.(CattleSale.com acquired by AEI Environmental, Inc.)(Brief Article)
B2Bstores.com Acquired.(Brief Article)
Homestore acquires move.com.
MyAssociation.com.(Application Servive Provider)(Brief Article)
Mysportsguru.com.(web site evaluation)(Brief Article)
Where is Mjuice.com?(acquired by ARTISTdirect.com)(Brief Article)
HOMESTORE.COM BUYS RIVAL MOVE.COM ACQUIRED IN DEAL WORTH $761 MILLION.(Business)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles