• General Message Board

  • Jason Jason Feb 13, 2006 02:20 Flag

    AllSportsMarket.com Speeds Towards Formula One Initial Public Offering

    For additional information about the upcoming AllSportsMarket.com Formula One IPO or about ASM in general, please visit http://www.allsportsmarket.com .

    Use bonus code 3521 and have your first deposit up to $250 matched. Contact customer support.

    MIAMI, Feb. 10 /PRNewswire/ -- AllSportsMarket.com (ASM), the world's first global sports financial exchange, announced today its upcoming initial public offering (IPO) for Formula One racing sports derivatives. Beginning at 1 PM EST on Sunday, February 12th, ASM traders will be able to buy and sell sports derivatives tied to the performance of various Formula One racing teams, such as Scuderia Toro Rosso, Midland, and Toyota, among others.

    The 2006 Formula One racing season begins in Sakhir, Bahrain on March 12th and will continue into October, traveling to a variety of locations across the globe. ASM expects a frenzied response to the upcoming Formula One IPO from its traders, and will launch the IPO with an initial float of 500 shares and an opening dividend reserve of $1,500 per team.

    "Formula One racing is one of the most exciting, dynamic sports in the world, and we at AllSportsMarket.com are pleased to welcome Formula One enthusiasts to the ASM family," said Chris Rabalais, CEO of AllSportsMarket.com. "ASM traders are diverse in their interests and backgrounds, and are drawn to AllSportsMarket.com by the combination of a deep love of sports and the allure of a concrete financial return from their ASM investment. We're confident that the Formula One IPO will attract new ASM members and strengthen many existing traders' online sportsportfolio."

    ASM is the world's first sports derivatives market, loosley termed a "sports stock market," and allows global users to purchase and trade self- sustaining performance-based sports derivatives on a worldwide marketplace. Users can buy and trade derivatives and receive quarterly pay-outs based on the performance of their holdings. ASM is a rapidly-expanding market, and has forged a number of league partnerships with major international sports teams.

    For additional information about the upcoming AllSportsMarket.com Formula One IPO or about ASM in general, please visit http://www.allsportsmarket.com .

    Use bonus code 3521 and have your first deposit up to $250 matched. Contact customer support.