SportsLine USA, Inc. to Change Corporate Name To SportsLine.Com, Inc. / New Name to Reflect Industry Position as Leading "Global I-Brand"
28.09.1999, 15:46
Fort Lauderdale, Fla. (PROTEXT) - SportsLine USA, Inc.
(Nasdaq: SPLN) today announced that it plans to change its name
to "SportsLine.com, Inc." to better reflect the Company's success
as the global leader in sports content, commerce, and community
on the Internet.
The name change represents an important facet of the Company's
drive to be a global "I-Brand" leader -- an Internet-based
company that provides products and services globally, while
delivering customized local content.
"When we launched our first online service four years ago, our
focus was on providing sports content and merchandise primarily
to U.S. Web users," said Michael Levy, president and CEO of
SportsLine.com, Inc. "With the launch of SportsLine Europe, the
name change to SportsLine.com, Inc. better reflects our
commitment to the development of the Internet as a global mass
medium, providing around-the-clock access to customized
information without geographic barriers."
In the U.S., SportsLine.com will continue to market its
marquee Web site under the "CBS SportsLine" (
http://cbs.sportsline.com ) brand, leveraging SportsLine's
relationships with CBS Sports and Westwood One/CBS Radio Sports
as part of a multi-million dollar advertising and public
relations campaign. CBS SportsLine is the nation's premier online
media service devoted exclusively to sports information, news and
merchandise.
Internationally, SportsLine.com will market its online
services under the "sports.com" ( http://sports.com ) brand,
which was launched earlier this summer as the umbrella site for
fans of European sports.
SportsLine.com: Leading the Global I-Brands Market
SportsLine.com now possesses the six elements that are the
critical requirements for a global I-Brand business to achieve
long-term success in the worldwide Internet market. These
characteristics include:
* Global localization -- the ability to publish and deliver
customized content for local regions and/or users' interests
* International appeal/market size -- focus in a market that
is of global significance
* Brand equity -- consistent, universally recognized branding
and URLs
* Multiple revenue streams -- a developed infrastructure to
leverage multiple revenue streams
* Ability to scale -- expandable technology infrastructure to
meet demands for peak events
* Consistent vision and foresight -- Capitalizing on
opportunities to build on core competencies.
Building the Global I-Brand Business
SportsLine.com has proven its foresight in all areas of its
business -- media, Internet, technology and sports -- by aligning
with the industry's most reputable and proven entities,
including: CBS, Westwood One and Reuters in media; America
Online, Excite, Netscape, Media One and Intel in the Internet
category; Sun Microsystems, Microsoft and Exodus in technology;
and Major League Baseball, PGA TOUR, IMG, Manchester United, the
NFL Europe League and others in the sports world.
"SportsLine.com's strength hinges on its ability to forge,
create, and enhance relationships and alliances with the best in
media and technology to satisfy sports fans' thirst for the
latest sports-related news, information and entertainment," said
Levy.
Earlier this year, SportsLine.com and CBS extended their
previous relationship resulting in additional promotional spots
on CBS Sports broadcasts, beginning this month with the pro and
college football packages. Recently, SportsLine.com announced a
strategic promotional and programming alliance with Westwood
One/CBS Radio Sports.
In addition to SportsLine.com's efforts to brand CBS
SportsLine.com by leveraging the CBS and Westwood One/CBS Radio
Sports relationships, the Company is utilizing a public relations
and billboard campaign to promote the corporate identity of
SportsLine.com . Feature articles have already appeared in
Forbes, Business Week, and leading industry publications. The
billboards placed in selected U.S. cities feature world-class,
all-star athletes Tiger Woods, Shaquille O'Neal, and Michael
Jordan. SportsLine.com publishes the official web sites of these
world-renowned sports legends.
In Europe, SportsLine.com has assembled an all-star list of
partners to satisfy sports fans' quest for information. In 1999,
with the establishment of SportsLine Europe Limited,
SportsLine.com enlisted as allies Intel, Media One, Reuters and
IMG -- the largest independent producer and packager of sports
programming in the world. IMG-owned television properties, such
as Trans World Sport -- the world's most-watched regularly
scheduled sports program -- promote SportsLine's sports.com sites
worldwide on television.
"SportsLine.com, is the only sports content Internet company
to enter global markets with an infrastructure engine customized
for local regions and/or various sports niche interests," said
Levy.
In addition to SportsLine.com's first content site in Europe,
soccer- oriented football.sports.com , SportsLine recently
launched france.sports.com and rugby.sports.com . "All of these
sites are prime examples of SportsLine.com's unique approach to
premier local sports content development and global marketing,"
said Levy. "We plan to follow the same global-local approach with
other countries and specific sports."
The name change from SportsLine USA, Inc. to Sportsline.com,
Inc. is subject to obtaining shareholder approval at a special
shareholders' meeting to be held on November 19, 1999. The
company will continue to be traded under its current symbol,
SPLN, on the Nasdaq Stock Market.
About SportsLine.com, Inc.
SportsLine.com, Inc. is at the leading edge of media
companies, providing Internet sports content, community and e-
commerce on a global basis. SportsLine.com's content includes
more than 400,000 pages of multimedia sports information,
entertainment and merchandise. SportsLine.com was founded in 1994
and its flagship Internet sports service ( www.sportsline.com )
was renamed CBS SportsLine in March of 1997 as part of an
exclusive promotional and content agreement with CBS Sports.
SportsLine.com produces the official league Web sites for Major
League Baseball, the PGA TOUR and NFL Europe League, and serves
as the primary sports content provider for America Online,
Netscape and Excite. In May 1999, the Company commenced
operations in Europe through its majority-owned subsidiary,
SportsLine Europe Limited.
Note: This press release contains forward-looking statements,
which involve risks and uncertainties. SportsLine USA's actual
results could differ materially from those anticipated in these
forward-looking statements. Factors that might cause or
contribute to such differences include, among others, competitive
pressures, the growth rate of the Internet, constantly changing
technology and market acceptance of the company's products and
services. Investors are also directed to consider the other risks
and uncertainties discussed in SportsLine USA's Securities and
Exchange Commission filings, including those discussed under the
caption "Risk Factors That May Affect Future Results" in
SportsLine USA's latest Annual Report on Form 10-K. SportsLine
USA undertakes no obligation to publicly release the result of
any revisions to these forward-looking statements, which may be
made to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events. ots Original
Text Service: SportsLine USA, Inc. Internet:
http://www.newsaktuell.de Contact: Larry Wahl, ext. 7225, or
Kathy Bradley, ext. 7519, or Alex Reithmiller, ext. 7535, all of
SportsLine USA, Inc. (USA) 954-351-2120 Web site:
http://www.sportsline.com
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