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AVPI - Still got an eye on this one?
Hey, friend, any stock that did not make this list today is doing good!
http://www.sec.gov/litigation/suspensions/2012/34-66980.pdf
The word I'm hearing on this board is that this is still a clean shell. Got iHub to change the board title so nobody else gets confused regarding the company's present status.
SO what do you think? I picked up a few to keep an eye on it.
Thanks! Homework for me tonight.
Sure thing, here is just one of many articles. AVPI was a pretty popular company back in the day. If you google AVP Inc. bankruptcy, you will have all the resources you will ever need concerning AVPI. The assets were sold to DFA PVA II Partners LLC, their main creditor. I researched this one a whole lot and ultimately am waiting for the shell owner to make a move.
http://blogs.wsj.com/bankruptcy/2010/12/17/court-approves-avp-sale-to-existing-shareholder/
Heres a google link list, also try some of the related searches at the bottom of the google page. It will take you to some of the BK filings. Good luck!
https://www.google.com/search?q=avp+inc&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#hl=en&safe=off&client=firefox-a&hs=qjC&rls=org.mozilla:en-US:official&q=avp+bankruptcy&revid=1539632837&sa=X&ei=y-yrT77NMY-k8ATj2pAa&ved=0CCEQ1QIoBg&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=ab407b5897f76374&biw=1366&bih=624
On a side note with the debt forgiveness it is a clean shell awaiting some kind of reverse merger.
Could you please point me to a link showing the date on which the assets were purchased, and who the purchaser was? I have not been able to find that anywhere.
TIA
AVPI and the American Professional Beach volleyball Organization are not one and the same. In the bankruptcy proceedings AVP American Professional Beach Volleyball Organization (the assets) were purchased, leaving AVPI as a shell. I've spoken to Jason Hodell (past president) and Delaware SOS concerning this. Your best bet is to petition Delaware SOS for a plain copy of the annual franchise tax report (2011) for AVPI, file #2402270. It costs $12.00 and it will list the owners of AVPI. Then you will know who owns the AVPI shell. Good luck.
LOL - Someone painted the tape! Closed $0.0030 on 500 shares traded.
It's extra cheap that is for sure...
have you ever looked into who owns the AVPI shell currently? its been 2 long years since its been put up on the shelf. makes me wanna hibernate right along side of AVPI.
They are trying to get back together but there are new tours popping up everywhere, might be very hard for the AVP to just turn it back on.
This Cuervo tour is doing very well so far...
http://www.facebook.com/index.php?lh=f7afa4b6d71a5566774a71403cd2a6ae&eu=e32FpeE6F7XDRxb7-P8w0Q#!/josecuervoprobeachvolleyballseries
AVPI has nothing to do with the actual AVP anymore regardless, its just an empty shell...
AVP getting back together? Check out website avp.com, sounds like they are revamping company....Saw you had a volleyball pic so thought ya'd know lol
AVPI blog post on May 18, 2011
Reinventing the AVP
Posted On May 18, 2011 In Featured, News
After all that has transpired, why reinvent the AVP?
Because the AVP still matters. In fact, it is the only brand in beach volleyball that matters. The AVP is not just the brand that Los Angeles knows, it is the brand that America knows.
AVP.com has had an overtly cryptic placeholder with nothing more than a relaunch date — today, May 15 — since April 4, and yet, it remains the most trafficked beach volleyball site on the web. If you care about the sport, you go to avp.com. Why? Because for 27 years, the AVP has been the brand synonymous with Beach Volleyball.
And people do care about this sport. 17.5m play indoor or beach nationwide. Volleyball is the second most popular sport for girls ages 12-20. It’s the only domestic sport with more than 10m participants that is also growing at least 10 percent each year. And over the past five years, more than 200k unique visitors per month have tuned in to find out the latest at avp.com.
Since 2001, $150m has gone into building the brand. Are fans even aware the acronym stands for Association of Volleyball Professionals versus American Volleyball Professionals? Probably not, but they’re fully aware the AVP stands for professional beach volleyball. And that only the AVP brand means names like Karch Kiraly, Sinjin Smith, Randy Stoklos, Phil Dalhausser, Holly McPeak, Kerri Walsh, and Misty May.
In fact, that’s exactly what the AVP is: the greatest players in the greatest moments the sport has ever known. Hell…
The AVP IS Karch Kiraly ripping down the net in Rhode Island after a phantom fourth-touch call by a referee known only as ‘Winchester’…
The AVP IS Mike Dodd and the late Mike Whitmarsh’s epic come-from-behind win over Kiraly and Kent Steffes in Seal Beach ’93…
The AVP IS Tim Hovland and Mike Dodd coming back in dramatic fashion from 1-6 down in a double-final game to 7 against Kiraly and Steffes at the ’93 Phoenix Open, marking their last Open win together as a team…
The AVP IS Kiraly miraculously covering Steffes at 6-6 in a double-final game to 7 against Randy Stoklos and Sinjin Smith in San Diego ’92, and then scoring the next ‘real’ point to win as the time cap expired…
The AVP IS Vegas Line — or Sean Rosenthal, City of Sin ’05, if you’re not one of the 100k+ to have witnessed it via YouTube…
The AVP IS George Roumain’s infamous kong block / broken finger combo platter during the Huntington Beach Open Finals ’04 — which he won…
The AVP IS the gnarliest rally scoring comeback of all time in Santa Barbara as Phil Dalhausser and Todd Rogers stormed back from 9-14 in the 3rd set to prevent Brad Keenan and John Hyden from earning their first, and what would have been their only, Open win together…
The AVP IS Misty May-Treanor and Kerri Walsh’s unprecedented 112-match winning streak. Yes, 112…
The AVP IS Atlanta, Sydney, Athens, and Beijing, or three men’s and two women’s Olympic gold medals in only four Olympic Games…
The AVP IS the greatest the game and its players will ever give the sport… Period.
Restart
What begins today isn’t necessarily a ‘start,’ it’s a restart. It is a continuation of the dreams of endless fans, athletes, and sponsors. It is a reigniting of the AVP passion in true beach volleyball fashion.
But it is also the reason the AVP has been silent for more than nine months. This relaunch has not been done casually; it has been done with a great deal of thought. Forensically broken down over 27 years of operations, TV budgets, and sponsor requirements.
And what is clear is this: the former operations model — for which these purposes is defined as 2001–2010 — does not work. It has never worked. The Tour has simply never turned a profit.
Oldmodel
Lease an office, staff it with as many high six-figure executives as you can find desk space for, drive 18-wheel trucks coast-to-coast with every ounce of brand collateral one company can produce, operate and cover entire cost of events, buy media time (which sponsors valued at .60 cents on the dollar), produce media in three-hour segments that not even the most hardened beach volleyball fan could sit through, and sell sponsorships, signage and branding to try and recoup a small percentage of the costs.
Then?
Raise additional capital to finance mounting costs, get bailed out one too many times, bring in a new majority owner who has passion for the sport but not enough to justify $10m in losses, lose $7m in sponsorships in less than three months when the economy turns, financially engineer one more season (2009), strip and lean out costs from the business, and pray for new sponsors with contracts that won’t rely on media ad allocation and television visible signage.
And the real question on Black Friday, August 13, 2010? Do investors put more money into a model that has never worked, or does the AVP shutdown early, rethink, reinvent, finance it through bankruptcy (now over $1m and counting), take responsibility, and utilize a clean canvas to create a model that actually works for everybody — investors, fans, players, and sponsors alike?
Remodel
First step of the new AVP? A realization that it is not the NBA, the MLB, or the NFL. It needs an alternate operational model altogether. To wit: 70% of revenues generated by mainstream professional sports teams comes from TV licensing and ticketing. The AVP not only has to pay for TV, but ticketing is limited by city councils, coastal commissions, and the size of stadium that can be constructed on the sand. And since those stadiums are temporary (and exorbitantly expensive), every operational expense falls on the AVP’s already heavy shoulders.
In order to flip the model, tournament promoters and operators must be incorporated. Which means a brand new promoter agreement that ultimately makes financial sense for both parties (unlike agreements created in the past). In addition to an event footprint that is streamlined, redesigned (jointly), and built specifically for on-site revenue production — while also keeping the event title sponsorship category available (similar to ATP events, such as the “BNP Paribas Open” in Indian Wells) despite the eventual title sponsor of the AVP accompanying the brand nationwide (also similar to the ATP and their $30m premier partnership with Corona Extra).
Unlike any point in the brand’s history, the promoter agreement will be established with only one goal in mind: making the promoter money. It won’t be a $2m net return like Klagenfurt generates for promoter Hannes Jagerhofer on the FIVB, but if those types of numbers weren’t feasible — or the ultimate goal surrounding these types of events — the AVP wouldn’t be pursuing them. It’s only possible, however, with 100-percent community involvement and support, and first-class attention to detail. In turn, the best beach volleyball players in the country supply the competition, and the actual event becomes the draw.
New Event Model
AVP Championships
Annual season-ending event with largest winner’s prize purse in the sport
Brand new, cost-effective and environmentally-friendly footprint
Mediterranean-style festival atmosphere with live beach-themed music all day
New Unified Rankings System that will incorporate all tournaments offering prize money worldwide, allowing the AVP to draw qualification points from every event taking place in 2011 (including CLWO, NVL, USAV/IMG) and increase participation across the board
Top four teams per gender at end of qualification period (AVP Cup Standings) with required number of tournaments played will qualify for championship event
Full breakdown and rendering of event vision (masterful artistry courtesy of John Gibb) here…
Promoter-Based Events
Unique tournament footprints in specific markets that will be grown organically as a reflection of their own individual communities
Target number of promoter-based events is four in 2012 and eight in 2013
Finding capable promoters in each specific community is essential — Nashville may not scream “beach volley,” but they have the people, the wherewithal, and the connections to understand what it’s going to take to bring a professional beach volleyball event to their community and own it from the ground up
Promoters that must satisfy mandatory seating, design, sand depth, athlete liability insurance, main draw player hotel accommodation, licensed medical, professional referee, on-site qualifier, local media/marketing/promotions, and all eco-friendly requirements in order to be considered
If the promoter isn’t there, if the fit isn’t right, the AVP won’t go
For the first time in the company’s history, the AVP won’t chase money or events just to fill a schedule
New Operational Structure
AVP will no longer operate as an events management and media sales-based company
Aside from the AVP Championships event each fall, the AVP will utilize promoters in specific markets to produce UNIQUE, high impact, media-driven events that will be operated locally instead of nationally
Each aspect of the company’s operation will be outsourced to either qualified agencies (media/marketing/operations) or experienced individuals (accounting) familiar with the sport to maximize production value and resources while minimizing overhead
Shrinking operational and staff expenses will allow for an unprecedented percentage of sponsorship dollars to be allocated towards developing better on-site and online activation, new creative marketing and advertising campaigns, and a truly professional player prize purse for the first time
Promoters and sponsors will be guaranteed attendance by the top players in the sport as the AVP name will accompany all athletes who qualify for the AVP Championships event and earn official AVP Player Card (as long as scheduled AVP events do not conflict with FIVB “Open” or “Grand Slam” events during Olympic qualification period, or FIVB “Grand Slam” events during non-Olympic qualification period)
New First-Class Philosophy
Players
AVP remains the lone aspirational brand in the game
Qualifying players for AVP Championships event will earn official AVP Player Card (similar to PGA Player Card) in the form of a branded, signature prepaid credit card garnering an evenly split percentage of gross revenues over $1m
Players also receive two-night stay at tournament host hotel, are guests of honor at black-tie dinner Friday night prior to event, and take home “Top-Shelf” goodie bag featuring sponsor provided merchandise and apparel
Brand Image
Marketing collateral stands for only three things moving forward: clean, class and cool
AVP will only strategically align itself with first-class, eco-friendly partners in an effort to redefine its marketplace brand association
And that’s just the tip of the iceberg. But this explanation only comes now because the former AVP shrouded its entire existence in secrecy. It’s time for fans and players to finally know exactly what the AVP stands for as it attempts to restore faith in both the brand and sport.
Reinvent
The sport isn’t broken. The Tour’s operating model was just unfixable in its former state. But now with almost zero overhead and a new, clear-cut vision on how to make the business of beach volleyball sustainable, the AVP can finally approach sponsors with a realistic pitch that doesn’t include funding half-million-dollar salaries or $10m staff/office expenses, and instead begin pitching individual activation strategies that can literally thrive in the young, healthy, active, fun and beautiful lifestyle demographic that is the AVP. Not to mention the thought of actually contributing sponsor dollars directly to the players in the form of bigger prize purses and revenue sharing.
It will take time, and the critics will be skeptical, but all the AVP can do now is understand exactly who it is and never again pretend to be who it is not.
AVPI check out the website/plethera of new information
http://www.avp.com/
p.s~ this domain name by itself is worth a million imo
AVPI - Trying to do something. The spread is horrible though - $0.0070 x $0.050.
End of Days AVP signing off
By: Hans Stolfus, on 08/13/2010
Whether the AVP's top pros will compete again on American soil is now in doubt. 2010 (c) AVP/Peter Brouillet
I write today with a heavy heart. Not to report on Phil and Todd’s progress in Norway, but to report on whether the Beast and Professor, as we’ve so brilliantly nicknamed them, will ever compete on American soil again. Frankly, the situation is that dire.
Our time is up; our run is over. What we see today will unfortunately be gone tomorrow and there’s simply nothing we can do now to stop it. How did we get here? What set the dominos in motion? Obviously, that answer is complicated, but if I had to pick one singular moment that initiated our downfall, it would be what took place on September 5, 2007, when a $36.9 million deal went south between Shamrock Capital Growth Fund II, Roy Disney’s investment arm, and AVP, Inc., after strong opposition from AVP stockholders initiated a mutual termination of the deal.
AmTrust Capital Management and other major shareholders felt a stock price of $1.23 a share did “not accurately reflect the true potential of the AVP,” and believed that the deal was “flawed by clear conflicts of interest.” Needless to say, they voted accordingly, and the fallout has been catastrophic. AVP stock is now valued at two cents, as of August 13, 2010.
Brass tax: the AVP would have gone belly up more than two years ago had our current ownership group, RJSM, not bailed us out with enough working capital to survive the rest of ’08. Believe me when I say those were not easy times to survive, and here’s why: at the end of ’08, Cuervo, McDonald’s, Nautica, Banana Boat and Hilton all said goodbye to the tune of $7.8 million. Unfortunately, the big brands supporting our act were savvy enough to understand that not only the show, but the entire production, was on the verge of getting canceled.
Cue the necessary management changes in April of ’09, fast forward to today, throw in the worst economic recession since the Great Depression and what we have is a sponsor-dependent sport, with more than 80 percent of revenues coming from corporate patrons, forced into leveraging assets with the almighty banks and creditors. Or, more succinctly put, a hand that’s cuffed, not tied.
Note: I'm not exonerating current management altogether; I'm merely stating that I believe they began their at-bat with an 0-2 count.
Will the AVP rise once again, with new sponsors and financial backing? No one can be certain, but I can try to give you a really good idea what the landscape is going to look like in 2011. The AVP’s best athletes will no longer regularly compete on American soil. Full stop. Teams such as 2008 Olympic gold medalists Dalhausser and Rogers and 2009 World Champions Jen Kessy and April Ross will be forced into playing year-round on the FIVB Tour and will disappear off the social consciousness radar until London, 2012. Players will opt out of the commute and instead pick up an apartment rental in a convenient location with an excellent training center like Hamburg, Germany, to cut down on costs and the negative physical effects inherent with intercontinental travel. Most athletes, except for Dalhausser and Rogers, who endorse international brands like Mikasa and Red Bull, will lose their AVP-based corporate sponsorship deals such as Gatorade, Wilson, Rockstar, Malibu, KGC, Real Water and Smack. The two-year Olympic qualification process will commence. USA Volleyball will look to organize and run between four and six “professional” tournaments with prize money as they begin their lead-up to the brand new U.S. Olympic Beach Trials in 2012. USAV will also attempt to partner with the FIVB to host an event on U.S. sand for the first time since 2003. The Wide Open Tour will continue to hold its old school-style tournaments across the country in preparation for the “U.S. Open.” All players except Dana Camacho and Justin Phipps will get full-time jobs. Domestic tournaments will feature nothing but weary weekend warriors and indoor national team members on summer vaca from Siberia, jonesing for a tan and a Malibu girl. The sport will become a hobby. The NCAA will once again vote to override the sand volleyball initiative and this time they will succeed, as no viable domestic professional version of the sport will exist for ladies to strive toward following college.
Unless…post-bankruptcy, a major player steps in, picks up all the shares, and proceeds to follow current management’s cost structure analysis to slash prices like Speaker City. Because, let’s be honest, the only way for the AVP to succeed in today’s economy is if the business model is uncompromisingly altered, and unfortunately, the gentleman recently responsible for liberating millions in event, overhead, marketing and payroll costs will no longer be around to reap the rewards of his diligent hard work.
Does the sport need to change its competition format to accommodate the new business model? Perhaps, but that’s what our sport has done for decades. Change, change and change. Only to create a further disconnect from its original fans. The current game of professional beach volleyball has been played the way it is now for the last nine years. My advice: embrace it. As much as we complain, it’s not going back, and most players today don’t want it to anyway. The “old” game is nothing more than a novelty to be played at Moonlight Beach in Encinitas or at the annual Olskool Beach Volleyball Tournament on Australia’s Gold Coast, and now, of course, on Karch’s Wide Open Tour. Sorry purists, I know you want a different answer out of me on this one, but even the greatest player of all time would agree you don’t play one version of a sport to be good at another. “Practice like you play.” As long as the game’s pinnacle of achievement is an Olympic gold medal, the rules will be governed by the FIVB, so don’t be surprised to see the Wide Open Tour switch back to the “new” rules now that there isn’t an AVP to market against.
Before I conclude and sign off for what may be my final time, let me be candid. Without the AVP, our sport is on the verge of dying. Not just the beach version, but the entire version. I know what you’re saying, Kevin Barnett – “it was never alive, so how could it die?” – but you’re wrong. For a stretch of time, it was alive and well, kicking ass and taking names. And I’m not just talking about the early 90s with its neons, tank tops, one pieces and flipped-up bills Dan Madden, I’m talking about just a few years ago. I’m talking about the Age of Aquarius with a couple of fine little ladies named Misty and Kerri. May and Walsh were bigger than Mia Hamm and Brandi Chastain following their infamous ’99 World Cup victory and sports bra-revealing celebration at the Rose Bowl, and we rode ’em as far as they would take us: through 112 consecutive victories and back to the Olympics for a second gold medal. Upon returning to the states, Misty and Kerri received a hero’s welcome in the fine state of Ohio, and Lindner Family Tennis Center lit up like the Christmas tree at Rockefeller Center when they stepped on Stadium Court for their Saturday night primetime match. Lines flooded out the gates, cars parked in neighboring counties and the nearby Outback Steakhouse operated with a two-and-a-half hour wait…it was nothing but sheer madness.
Now to pay credit where credit is due: you’ve been absolutely correct multiple times on The Net Live, the craziness in Cincinnati and beyond was, in fact, generated by their Olympic achievements, not their domestic AVP achievements, but for a weekend it didn’t matter; it was a combination of everything they had built as a team since pairing up in 2001. They were the biggest thing since Tom Brady knocking up Bridget Moynahan and marrying Gisele Budchen. Yes, I don’t care what you say, I saw it and the sport was definitely alive. And although men are generally considered to be the more dominant sports fans in a household, with good reason, the percentage of females who play volleyball in this country as compared to the males is so disproportionate it doesn’t even require a pie chart to illustrate. Girls Simply Play Volleyball. To infinity and beyond.
Beach volleyball unfortunately needs a new influx of youth in the sport because we have a very unique fan demographic: each and every person with a paid ticket Sunday afternoon has either played or is related to someone who has played the sport of volleyball. It’s a fact. We don’t have the casual fan like the NFL, who has never touched a pigskin, let alone gotten hit across the middle. We have current professional players, qualifying players, recreational players, former players and parents of players. And more often than not, those parents of players chaperoning for the weekend have daughters.
Bottom line: these girls need someone to believe in so they can show up and purchase a ticket, and despite winning gold and silver medals in Beijing, professional indoor volleyball stars do not exist in this country. Beach athletes are all we’ve got. Fortunately, our representatives have raised the bar of excellence to unprecedented heights and for a moment even took it to Monday nights on ABC. But without the AVP, this star-struck fandom dies, and so does the heart of our sport. There’s simply nothing left to strive for or emulate. The AVP is our NBA. Growing up in Iowa, I played a lot of hoops, and just before I released my turn-around, fade-away ‘J,’ the only thing I cared about was “being like Mike.” Girls playing AAU, hitting the diciest of dicey cut shots, should want to be like Misty. Without the AVP, they may still recognize the name May-Treanor from the Olympics, but they won’t have any idea how good a Misty-esque cut shot is or where they need to hit on the court to garner the prolific affiliation.
I think it’s apparent what the AVP has meant to me. I’d be lying if I said I did not tear up on the drive home this evening from L.A. after it dawned on me that I was no longer going to commute to the Starbucks in Torrance. The sport of volleyball has been my entire life since the age of 19. It’s dominated every thought in my mind and every conversation out of my mouth. How one person can love something so much is scary, and overwhelming at the same time. And finding a way to remain involved in the sport after my neck injury has meant more to me than anyone could possibly know. Every article, column, blog and video I produced, I had the chance to talk about my friends and peers as they played a game I love. It could be said, for the last nine months I had the best job on Earth, and I’m going to miss it every day. But what I’m going to miss even more are the players I had the honor to share the court with from ’03-’09. Not every second with each partner was positive, but for some reason, at this particular moment, I cannot seem to remember any of the negatives. From Chris Magill in his home state of Texas in ’04 to Hot Winter Nights coed fours with Nicole and Angie, each of these amazing athletes below shared the same side of the court with me at one time or another during my career and now I’m lucky enough they’ll also share the same side of the page, as each attempts to convey what the AVP has meant to them during the sport’s darkest hour. Who knows, maybe their sentiments can help bring the tour back even sooner. We can only pray…
“It’s not only been a sport for me, but also an obsession/addiction. I have moved twice just for better volleyball. Once in college from Dallas to Austin to play on the University of Texas men’s club team and once from Dallas to San Diego to chase the AVP dream. The volleyball community is large but feels incredibly small. It's difficult to explain how, even though I quit playing three years ago, I can still tell you who the young up-and-coming teams are in Florida! It’s bigger than any fraternity or sorority could ever become. In fact, my wife has a tough time fathoming how I can have 500 Facebook friends and actually know all of them? Well, all but two. It sounds kind of sad to say but volleyball has played a large roll in my identity and purpose. Even into my late 30s, I always had a career going but I would have described myself as a volleyball player with a job. The AVP was the reason I worked out year-round and it’s what kept me from becoming a big fat guy. I have six AVP player patches from the 90s, in two different styles, resting in my nightstand and I no longer play volleyball. That says it all.” –Chris Magill
”The AVP has been the fulfillment of a dream for my family and I over the past seven seasons.” –Matt Olson
“I can’t come to terms with the end of the AVP. I’ve put everything I’ve had into becoming as good at volley as I can over the last seven years and as long as I can remember before that. Now that I can feel the improvement, growth and maturity elevating my game I have nowhere to go. I’ve put off more lucrative careers because I have love and respect for the game and want to make my mark. Be a part of the great history I grew up loving.” –Aaron Wachtfogel
“The AVP allowed for the world’s best beach volleyball to be played in the U.S. I was fortunate enough to be able to compete against the best for wins and prize money but still able to walk away with many lifelong friendships.” –Scott Wong
“The dream started at the same time every weekend I hit the play/record button to record Karch on my VHS...and it's never stopped being a dream ever since. I used to shag balls for the players when I was 12 in Hotlanta and never forgot how much I loved being a part of it. Brooklyn was really the moment my dream came true…I’ll never forget it, or the AVP. It’s meant everything to me.” –Ty Loomis
“The AVP to me was 10 years, 98 tournaments, 65 road trips, 40-some partners, thousands of sunburns and 1 GLORIOUS win. Beach volleyball was one late Sunday afternoon in 1990, 15-year-old J. Ring watching the AVP on NBC in Fort Lauderdale, a guy parachuting onto center court with a briefcase full of money, crowd going crazy, celebrating players that were Gods, a bikini contest, a beer garden, raging…I repeat, raging. It was cutting out ‘I Dig’ logos from Volleyball Magazine, buying yellow Oakley ‘M frames,’ wearing ‘Sideout’ t-shirts, skipping Sunday school to watch as much AVP action as possible. In other words, every red-blooded American kid’s dream. Beach Volleyball is sunny Southern California. It’s warm-up jogs on Marine St. It’s the calm ocean, sea-gulls, blue sky, 78 degrees and a guaranteed chance of having a great day. It’s battling Monday thru Thursday and going to war on Saturday and Sunday. It’s the weight room and ‘Sand-Hill’ in Manhattan. It’s deep breaths and good friends. It’s surfing, playing 18 holes and healthy living. It’s ‘CUTTY, LINE, ANGLE, NO ONE!!! JUUUUMMMMMBOOOOOOO!!!!!’ It’s five minutes of fame and a dream come true... Beach Volleyball will always be my choice, my way, once in a lifetime, ‘I gotta try,’ road trips, crowded hotel rooms, five guys splitting a rental car, long flights, bad beats, hard draw, nice play, good friends and great memories. Thanks beach volleyball. It was as good as I thought it would be.” –Jason Ring
“Playing on the AVP Tour has allowed me to live my dream as a professional beach volleyball player. The AVP has given me an opportunity to compete against some of the best teams in the world as well as the reigning Olympic gold medalists. Playing on tour has also allowed me to travel our country and meet volleyball fans from coast to coast in order to help the sport grow in popularity. I grew up watching Kiraly/Steffes, Smith/Stoklos, Hovland/Dodd and wished that I could someday compete at the same level as those legends. The AVP allowed me to do that, and I will always be grateful.” –Matt Prosser
”The AVP has provided more excitement and joy to me and my family than I could have ever expected. It has become addicting for my parents to follow the results online and live at the events. The thought of it not being around just doesn’t seem right. It has been the direct reason why the USA has won 4 gold medals in the Olympics. It’s where the dead average (in my case) learns to become the elite in the world. Damn, I don’t know what to say. Just writing this makes me bummed.” –Jake Gibb
“The AVP has fulfilled my dreams. The opportunity to play beach volleyball as a means to provide for my family has been better than I ever imagined. I love this sport more than anything. The AVP is and always will be the tour that made my dreams come true.” –Casey Patterson
“I can’t even put into words what a tremendous amount of sadness I’m feeling at this very moment. I don’t really want to dwell on that, but rather share a few of my fondest memories of a sport that has given me what few people get to experience – the rush of the crowd in a huge stadium, thousands deep; beating the 2008 gold medalists to reach my first AVP final; playing the sport I love and supporting myself doing just that...with each endless summer running seamlessly into the next. The AVP, and volleyball in general, has been my life ever since I was 13 years old. I fell in love with this sport years ago and always wanted to play on the AVP Tour someday. I wanted to be just like Karch. Did I mention I got to compete against him 7 or 8 times? What an honor and a privilege. I really did get to live out my dream even if it was cut a bit short. I got to play in 3 professional finals, 2 on the AVP, and one live on NBC. I won back-to-back-to-back 6-Man championships in true Magnum fashion with some of the best gentlemen/volleyers in the world. I can't forget about winning a NORCECA with my old partner Hans in Guatemala!!! With the whole crowd chanting, ‘CUBA!!! CUBA!!! CUBA!!!’ Hans and I proudly wore red, white and blue, defeating the Cubans for NORCECA gold and silencing the crowd. What great memories.... Volleyball has taken me all over the world and introduced me to some amazing and genuine people – people I have met on Volleyball Vacations at ClubMeds, Hot Winter Nights, and private tournaments on a little island owned by a fashion mogul. This is such a unique sport, a sport that can take you anywhere and everywhere. It has been my passion and my life for many years. I hope that the next generation of players can have the opportunity to strive to be the next great beach volleyball players of the future, and be able to experience the wonderful world of competitive beach volleyball like I have." –Anthony Medel
“I decided to invest my life into the AVP and the sport about six years ago as a kid just out of college. I put off using my degree (teaching credential) and threw everything I had into the profession. It wasn’t because I thought I could win tournaments or make lots of money, it was because I saw something that I really loved doing and an opportunity to try and become as good as I could be at it. Six years later, I look back and am thankful for all the highs and lows I experienced on the court. Mostly, I am thankful for the experiences away from the court. I’ve been able to spend time with and learn from Olympians, legends, and current stars. I’ve also been treated with open arms (and open homes) by strangers around the country who share the common bond of a passion for the AVP and the game associated with it. It’s this passion, not driven by fortune or fame, which makes it something so special.” –John Mayer
“It has provided an opportunity for so many of us to live out our dreams, do something we love and for me, the following and taking of doors that have been opened to lead to this experience. Being able to play in front of the many fans, family and friends is something that I will always cherish. Thank you to the AVP for providing a league for all of us to keep living the dream. I hope to live this dream for many years to come.” –Nicole Branagh
“I feel like one of the fortunate ones who got into the FIVB at the right time. To think that so many great players will most likely hang it up and move on to a new phase of life is sad. So much talent with no place to go. It is devastating to even think about. For the last nine years the AVP has been my life. I have lived and breathed it. I have been bored out of my mind in the off-season and then once January rolls around, I feel excitement like I am a kid starting something new again. I only imagine it is the same for most players. There is something special about playing on your home turf. You appreciate it even more after spending so much time abroad. There are so many loyal fans who have become part of the AVP family and to think we may never hear their cheers again is a tragedy. The AVP has been the catalyst to me discovering my dreams and finding a way to make them come true. I owe a debt of gratitude for the opportunities that the AVP has set before me for the last nine years.” –Angie Akers
No worries Mike, it was right there for us all to see but we all just seemed to have missed the obvious. Such is life in the OTC!
NEXT!!
It was pointed out to me that AVPI actually deregistered the company in 2008, I never noticed it I guess because of the recession, I want to apologize to anyone who might have bought on my posts...
GL to all!
Sorry
Mike
AVP, Inc. Announces Intent to Deregister Common Stock with Securities And Exchange Commission
LOS ANGELES, December 12, 2008 -- AVP, Inc. (OTC Bulletin Board: AVPI), a lifestyle sports entertainment company focused on professional beach volleyball, today announced that it intends to voluntarily deregister its common stock on or about December 19, 2008. On or about that date, the Company will file a Form 15 with the Securities and Exchange Commission (the “SEC”) to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). AVP is eligible to deregister by filing a Form 15 because it has fewer than 300 holders of record of its common stock.
Upon the filing of the Form 15, AVP’s obligation to file certain reports with the SEC, including Forms 10-K, 10-Q, and 8-K, will immediately be suspended. AVP expects that the deregistration of its common stock will become effective 90 days after the date of filing of the Form 15 with the SEC. The Company anticipates that its shares will no longer be quoted on the OTC Bulletin Board. Further, there can also be no assurance that any brokerage firms will continue to make a market in the common stock after the delisting.
Leonard Armato, the Company’s Chief Executive Officer, stated: “Our Board of Directors, upon the recommendation of our management, unanimously determined to delist the Company after carefully considering the advantages and disadvantages of continuing registration. The costs associated with being a public company have significantly increased, particularly in light of the adoption of new rules by the SEC in response to the Sarbanes-Oxley Act. Our Board has determined that the costs of compliance, as well as the significant demands on management time and resources required by the compliance requirements, outweigh the benefits the Company receives from maintaining its registered status. The Board believes that deregistering will result in significant reductions in our accounting, legal and administrative expenses and enable our management to focus its time and resources on the operation of our company and the growth and development of our sport.”
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About AVP, Inc
AVP, Inc. is a leading lifestyle sports entertainment company focused on the production, marketing and distribution of professional beach volleyball events worldwide. One of the fastest growing entities in the sports world, the AVP operates two of the industry's most prominent national outdoor touring series, the AVP Pro Beach Volleyball Tour (1983) and the AVP Hot Winter Nights Indoor Tour (launched in 2008). The AVP is set to stage more than 35 events throughout the United States in 2008 and features more than 150 of the top men and women competitors in the sport. AVP athletes won both the women’s and men’s gold medals at the 2008 Games in Beijing, marking the first sweep of Olympic beach volleyball gold medals by a single country. AVP is headquartered in Los Angeles, Calif., and the company’s stock trades under the symbol AVPI on the OTC Bulletin Board. For more information, please visit www.avp.com.
Forward Looking Statements
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. We wish to caution you that these statements involve risks and uncertainties and actual results might differ materially from those in the forward-looking statements, if we receive less sponsorship and advertising revenue than anticipated, or if attendance is adversely affected by unfavorable weather. Event-related expenses, such as for the stadium, transportation and accommodations, or security might be greater than expected; or marketing or administrative costs might be increased by our hiring, not currently planned, of a particularly qualified prospect. Additional factors have been detailed in the Company’s filings with the Securities and Exchange Commission, including our recent filings on Forms 10-KSB and 10-QSB.
AVP, Inc.
Investor Relations
(310) 426-7177
Media Contact:
AVP / Brener Zwikel & Associates
Matt Paulson
818.462.5609 / mattp@bzapr.com
Yep I noticed they went Pink last year I think, almost lost Crox as their main sponser but made it through the recession, hopefully more sponsors are coming with ESPN deal know in hand...
Would be nice
love to see some updates
looks like no dilution
website has no ref to it being
a publicly traded co
.14 hi today .045 now
lol
MK
Fixed the website and added a few updates to the ibox...
Hoping we can clean out that big arca ask by days end...
pullback to .05 on the ask
Hoping someone gives me a call back, first tourney is on April 18th...
K, found the website
i-box needs updating
http://www.avp.com/
MK
I just called this morning and left a message, definitley still a website, Diker sold some last year but still have a 2 million shares, that 13d filing in feb caught my eye and I've been trying to buy ever since...
You in touch w the co?
don t see a website
no filings no news etc
any updates expected?
I see Diker has slowly reduced its holdings
thx
MK
Don t play it, butI love watching it
particularly the women
very exciting
MK
Here is a taste of the AVP for anyone interested!
http://www.youtube.com/user/MWMREEL#p/a/f/2/S9kNKGWPS5s
I love this company and I play sand ball almost everyday in the summer.
Sand vball is still huge in Europe and AVP has the defending gold medalists in both mens and womans doubles...
AVPI has plenty of potential to the upside and I'm very excited about the future with ESPN and the new commisioner Mike Dodd.
in the 80's the AVP was huge, I'm hoping we can get back to those glory days!
Nice!
you been here a while too
lol
watching for entry
MK
We could see $1 again here very easily imo...
You like volleyball, I didn't know that? I always had you pegged for more of a Checkers fellow.
I live and breathe volleyball and The AVP is on the up and up, ESPN I think will put us back on the map!
With this ESPN contract, it's time for them to return to glory days. The upside here is huge.
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