note the segal name here
NEW YORK--(ENTERTAINMENT WIRE)--Jan. 17, 2001
Eight Players Signed Including Two Potential
First Round Draft Choices
Magnum Sports & Entertainment Inc. (Nasdaq:MAGZ) today announced that its football agency has signed eight college players who are eligible for the April 2001 NFL draft, including two players expected to be drafted in the first round -- Gerard Warren, University of Florida's defensive tackle, and Rod Gardner, Clemson University's wide receiver.
One of the leading NFL prognosticators, NFL Digest.com, presently projects Warren as the seventh player who may be selected in the first round and Gardner as the nineteenth player who may be selected in the first round in the upcoming NFL draft.
In addition to these potential NFL stars, Magnum's football agency has also signed six other players with stellar collegiate careers who are eligible for the 2001 draft: Quentin McCord, wide receiver, University of Kentucky; DeLawrence Grant, defensive lineman, and Terrence Carroll, safety, both from Oregon State, which enjoyed its finest season in its history in 2000 with an 11-1 record and a victory over Notre Dame in the Fiesta Bowl; Fred Booker, cornerback, Louisiana State University; and Corey Bird, safety, Virginia Tech, which had an 11-1 record in 2000 and a victory in the Gator Bowl over Clemson University.
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Joel segal, chief executive officer of Magnum's football agency, stated that "Our eight college player signings for the 2001 NFL draft are the finest in our history, including Gerard Warren, superstar defensive tackle from the University of Florida, and Rod Gardner, Clemson University's career leading wide receiver. These signings of star college players exemplify our continuing growth as a premier football representation agency business and we are continuing our recruitment of additional unsigned collegiate players who are eligible for the 2001 NFL draft."
Magnum's football agency now represents 45 football players, including these collegiate players plus NFL stars such as Tyrone Wheatley, Rickey Dudley and Lance Johnstone of the Oakland Raiders, Darren Sharper, Green Bay Packers safety named to the 2000 All-NFL Team, Antonio Freeman of the Green Bay Packers and O.J. McDuffie of the Miami Dolphins.
About Magnum Sports & Entertainment Inc.
Magnum Sports & Entertainment Inc. is a public company listed on the Nasdaq Small Cap Market (Nasdaq:MAGZ). Led by Bob Gutkowski and Charles Koppelman, president and CEO, and chairman, respectively, Magnum has begun to execute a plan to become a leading talent-oriented entertainment company with focus on talent management marketing and content. As an important first step in implementing this strategy, Magnum signed a letter of intent in December 2000 to acquire Ford Models Inc., the world's most prestigious fashion modeling agency with offices in 11 cities across the world. Upon consummation of the acquisition of Ford Models Inc., Magnum immediately obtains a global platform to execute its business strategy. The consummation of the transaction is subject to the ability of Magnum to negotiate and enter into a definitive acquisition agreement to acquire Ford Models Inc., the ability of Magnum to procure the necessary financing to complete the transaction, the possibility of requiring stockholder approval and obtaining other regulatory approvals and consent.
This release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "will" and "should" and similar expressions reflecting something other than historical fact are intended to identify such statements. These forward-looking statements involve a number of risks and uncertainties, including, but not limited to: the success and achievement of the athletes managed by the Company; demand for their services; the ability of the Company to attract additional clients; the effect of the Company's accounting policies; and other risk factors detailed in the Company's filings with the Securities and Exchange Commission.
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