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SportsLine USA, Inc. Announces Filing of Registration Statement.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 19, 1998-- SportsLine USA, Inc. (Nasdaq:SPLN) announced today that it has filed a registration statement with the Securities and Exchange Commission in connection with a public offering of 4,000,000 shares of its common stock.

Of the 4,000,000 shares being offered, 2,275,430 shares are being offered by SportsLine USA, Inc. and 1,724,570 shares are being offered by selling shareholders. The offering is being conducted by an underwriting group led by BancAmerica Robertson Stephens, NationsBanc Montgomery Securities, PaineWebber Incorporated and Salomon Smith Barney.

SportsLine USA, Inc. expects to use the net proceeds from the offering for working capital and other general corporate purposes, including expansion of the Company's marketing and advertising sales efforts, content development and licensing, international expansion and capital expenditures. In addition, SportsLine USA may use a portion of the net proceeds to acquire or invest in complementary businesses, products and technologies.

The Company is a leading Internet-based sports media company that provides branded, interactive information and programming as well as merchandise to sports enthusiasts worldwide. The Company's Web site, CBS SportsLine (cbs.sportsline.com), delivers real-time, in-depth and compelling sports content and programming that capitalizes on the Web's unique graphical and interactive capabilities. The Company's other Web sites include those devoted to (i) sports superstars such as Joe Namath, Michael Jordan (jordan.sportsline.com), Tiger Woods (tigerwoods.com), Shaquille O'Neal (shaq.com), Cal Ripken, Jr. (2131.com) and Wayne Gretzky (gretzky.com); (ii) specific sports such as golf (golfweb.com), cricket (cricinfo.com) and soccer (soccernet.com); (iii) international sports coverage (sportsline.com/u/worldwide); and (iv) electronic odds and analysis on major sports events (vegasinsider.com).

The Company distributes a broad range of up-to-date news, scores, player and team statistics and standings, photos and audio and video clips obtained from CBS and other leading sports news organizations as well as the Company's superstar athletes; distributes instant odds and picks from well-known handicappers; produces and distributes entertaining, interactive and original programming such as editorials and analyses from its in-house staff and freelance journalists; produces and offers contests, games, fantasy league products and fan clubs; and sells sports-related merchandise and memorabilia. The Company also owns and operates a state-of-the-art radio studio from which it produces all-sports radio programming which is broadcast over the Internet and on traditional radio stations in more than 50 markets in association with the SportsFan Radio Network.

When it becomes available, a preliminary prospectus relating to these securities may be obtained from BancAmerica Robertson Stephens at 555 California Street, Suite 2600, San Francisco, California 94194, 415/781-9700; NationsBanc Montgomery Securities at 600 Montgomery Street, San Francisco, California 94111, 415/627-2000; PaineWebber Incorporated at 1000 Harbor Boulevard, Weehawken, New Jersey 07087, 201/902-6858; or Salomon Smith Barney at 390 Greenwich Street, New York, New York 10013, 212/816-6000. -0-

NOTE: A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation or an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such state.

CONTACT: SportsLine USA, Inc.

Kenneth Sanders, Chief Financial Officer

954/351-2120, ext. 829

ksanders@sportsline.com

or

SportsLine USA, Inc.

Sara L. Wilkins, Director, Investor Relations

954/351-2120, ext. 511

saraw@sportsline.com
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Publication:Business Wire
Date:Mar 19, 1998
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