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Started by Lawrence Cotter
Mon, 04 Aug 1997 00:00
Favre, Griffey Traded!
Author: Lawrence Cotter
Date: Mon, 04 Aug 1997 00:00
Date: Mon, 04 Aug 1997 00:00
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4798 bytes
FOR IMMEDIATE RELEASE EDITORIAL CONTACT: Lawrence M. Cotter Wall Street Sports Phone: 864.281.9432 E-mail: LMCotter@worldnet.att.net URL: http://www.wallstreetsports.com Favre, Griffey Traded! Trading Officially Begins on the Newly Created Wall Street Sports� Stock Market Simulated Sports Stock Market Allows Sports Fans to Build and Manage Stock Portfolios by Trading Shares of Their Favorite Professional Athletes Mauldin, SC, August 4,, 1997 �� Wall Street Sports� announced today that active trading has begun on the newly created Wall Street Sports Stock Market. A first-of-its-kind, all-sports stock market, Wall Street Sports� provides members a full-service platform to build and manage dynamic stock portfolios by trading shares of their favorite athletes. "Wall Street Sports is a unique and innovative sports stock market which combines the exciting mixture of professional sports with the challenge of Wall Street," said William Carey, Vice President and Chief Operating Officer of Wall Street Sports. "Currently, members have the ability to set up a diversified portfolio of athletes competing in football, basketball, baseball, hockey, and golf, with future expansion into other sports planned." "We are enthusiastic about the completion of the Wall Street Sports Stock Market Model and web site," stated Lawrence Cotter, President and CEO of Wall Street Sports. "We officially launched on-line stock trading on July 1, 1997 and to nobody's surprise, Ken Griffey Jr. (WSS: GRIF) and Michael Jordan (WSS: JORD) were among the most actively traded stocks." Griffey's stock price soared to $69.25 from his Initial Public Offering price of $47.00 due to market speculation that he would break Roger Maris' home run record. His stock price has recently dropped back to $64.00 as members sell-off shares to realize gains. Favre's stock price rose to an all-time high of $61.50, a $6.50 (11.8%) gain from his $55.00 Initial Public Offering price, as he signed a contract extension that will keep him in Green Bay for some time to come. "Wall Street Sports members take their sports very seriously. The near real-time aspects of Wall Street Sports are essential," added Cotter. "Accordingly, on July 10th we introduced the Wall Street Sports Daily�, an on-line publication that provides members with all of the sports news and information needed to make informed investment decisions." Features and Member Benefits Wall Street Sports members have a variety of unique tools available to them through the web site including: � Free subscription to the Wall Street Sports Daily� on-line periodical � Scouting reports for all athletes listed on the Wall Street Sports Stock Market � On-line trading desk with real-time confirmation � Automated portfolio management and member standings � Competition and interaction with other Wall Street Sports members � Prizes consisting of cash, sports memorabilia and other sports related items � Free registration and trading for a limited time. In August 1997, Wall Street Sports will introduce its first promotional partner who will provide members with discounts on all types of sports related merchandise. �We are also looking to enhance membership benefits through additional strategic partnerships. Product or service partners who complement Wall Street Sports will add value for our members,� added Carey. About Wall Street Sports WSS operates a simulated sports stock market where athletes have been transformed into securities. A member's objective is to build and manage a successful portfolio by buying and selling shares of professional athletes. By managing a successful portfolio, members win money, prizes, and recognition. Wall Street Sports also publishes an on-line sports periodical. Registration and trading are free for a limited time. For more information, contact Wall Street Sports via e-mail at WSS@wallstreetsports.com or via the World Wide Web at http://www.wallstreetsports.com. # # #
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