BTHR NICE NEWS OUT Sports Venues of Florida Announces the Official Launch of Live Youth Sports Network with First Venue Set to Go Live Press Release | 03/12/2020 TAMPA, FL, March 12, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sports Venues of Florida, Inc., (OTCMKTS:BTHR) (“Sports Venues of Florida”, “BTHR”, or the “Company”), an emerging leader in the youth sports, family sports entertainment, and eSports markets, is excited to announce the official launch of the Live Youth Sports Network (“LYSN”) through the installation of its inaugural live-stream venue at a high school in southern Florida (the “School”).
LYSN and the School have jointly executed an agreement (the “Agreement”) allowing the LYSN to live-stream all of the School’s sporting events through the LYSN’s sports portal. The Agreement calls for the LYSN to install all equipment and immediately begin streaming all of the School’s sporting events in 2020.
“We are lining up hundreds of schools as potential venues right now,” commented John V. Whitman, Jr, BTHR CEO. “But we are extremely excited to get LYSN actually up and running at the first location with the first active partner school. This represents the first tangible venue and will act as a pilot case study. Once this first example is up and running, we will be able to demonstrate how seamlessly this technology works. Along with strong testimonials from users and viewers, we believe we can trigger a rapid expansion of the network because demand for this product is just bubbling under the surface according to our research.”
Management notes that LYSN will be installing HD cameras in every one of the School’s athletic venues, enabling the live streaming and archiving of all of the School’s events for pay per view access by parents, grandparents, military personnel, alumni, scouts and anyone else who cannot physically make it to the game.
The monetization model for this relationship leverages both local advertising and pay per view viewership of individual streamed events. Some percentage of local advertising revenues from streamed events is being earmarked for the School to assist in fundraising to support the School and its surrounding community. As this model rolls out and expands, the Company plans to focus initially on the eastern US market, with plans to expand to the entire domestic US market in 2021.
Whitman continued, “According to our analysis and data, local businesses are extremely eager to participate in this type of advertising. It’s a captive, highly local audience that feels grateful to have access to a personally meaningful stream of content, which confers positive brand association onto advertisers, who are seen as partly responsible for making the content available. We believe this is a powerful opportunity in a market that is vastly underappreciated in terms of both size and growth potential.”
The traveling youth sports market represents one of the fastest growing niche sectors in the world right now, with analysts projecting a boom over coming years that could add as much as $50 billion in total annualized global spending on youth sports and related goods and services, taking total annual spending on Youth Sports up to $76.5 billion by 2026, according to extensive recent analysis from Wintergreen Research published in December.
About BTHR
Sports Venues of Florida, Inc., is a developmental stage company engaged in the business of building youth sports and family entertainment complexes. The company plans on building sports complexes ranging from 80-acres to 300-acres that will include both outdoor and indoor athletic competitions. Our complexes will include retail shopping, adult fitness programs, restaurants, hotels and music venues. In addition the company plans on operating a number of subsidiary companies from high tech data management businesses to product and support businesses.
Forward-Looking Statements. This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections as well as our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Sports Venues of Florida, Inc.
For Additional Information Contact: John V Whitman Jr., John@sportsvenues.net https://sportsvenues.net/
$GPFT NEWS Grapefruit USA, Inc. (OTCPINK “GPFT”) Announces Data License Agreement with P5 Systems, Inc. (“P5”) Granting Grapefruit an Exclusive Six Month License to P5’s “BudTrader” Website Database Los Angeles/Desert Hot Springs, CA, April 01, 2020 (GLOBE NEWSWIRE) -- Grapefruit USA, Inc., (“GPFT”) (OTCPink: GPFT) a California based cannabis company, is announcing today that it has signed a Data License Agreement (the “Agreement”) with Encinitas, CA. based P5 Systems, Inc., the owner and operator of Budtrader.com, the cannabis industry’s largest social media platform. BudTrader’s platform is available in the United States in every state in which cannabis use is legal, as well as Canada and Puerto Rico. BudTrader’s two million plus registered users can safely and legally post and reply to classifieds–style advertisements for cannabis products, services, jobs, equipment, etc. BudTrader users can freely communicate and network with one another without of any fear or paranoia concerning censorship or any other hassling by the operators of the platform. The Agreement grants Grapefruit a six-month exclusive license to execute, copy, reproduce, display, perform, develop, create derivative work based upon or otherwise use BudTrader’s customer data for its investor relations uses. For all other uses, the license is non-exclusive. In consideration of the license, Grapefruit will issue 1,000,000 of its common shares to P5, Inc.
With respect to the Grapefruit/BudTrader agreement, Bradley J. Yourist, Grapefruit CEO, stated, “there could not be a more natural alliance than the one between our companies. I recognize that we live in the data-age, and our Agreement with BudTrader will afford us with the opportunity to effectively market our wholesale and retail products, services and Company itself to very granular sub-sets of data and demographics. We will work closely with BudTrader to formulate several unique marketing strategies to grow both of our customer bases. We are excited about the opportunity to work with this innovative company and its CEO, Brad McLaughlin in the coming months to effectively communicate each of our messages to the Cannabis and CBD ecosphere nationwide and internationally.”
To learn more about Grapefruit, please visit our website at:
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About GRAPEFRUIT
Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis product Company. To obtain further information on Grapefruit and its operations, please visit its website at https://grapefruitblvd.com/. To learn more about Grapefruit’s Sugar Stoned branded line of infused edibles, please visit us at https://sugarstoned.com/.
About BUDTRADER
Budtrader is based in Encinitas, California. Budtrader is the Cannabis industry’s largest social media platform with over 2 million registered users and more than 20 million page views per month with an average time on site of over 15 minutes. The Company’s database of of cannabis users and vendors is one of the largest in the world. The Company’s website is www.Budtrader.com
Safe Harbor Statement
Grapefruit cautions you that any statement included in this press release that is not a description of historical facts is a forward-looking statement. Many of these forward-looking statements contain the words "anticipate," "believe," "estimate," "may" "intend," "expect" and similar expressions. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the company and are subject to a number of risks and uncertainties inherent in Grapefruit’s business, including, without limitation: the company may not ever obtain additional funds necessary to support its business development and growth plans; and the company may not ever achieve the market success to reach or sustain a profitable business. In addition, there are risks and uncertainties related to economic recession or terrorist actions, competition from much larger cannabis companies, unexpected costs and delays, potential product liability claims, and many other factors. More detailed information about Grapefruit and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q for the period ended June 30, 2019 and its Registration Statement on Form S-1. Such documents may be read free of charge on the SEC’s website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Grapefruit undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
Investor Relations Contact: Bradley Yourist brad@grapefruitblvd.com 18776 Blue Dream Crossing, Unit LL1 53-07 Desert Hot Springs, California 92240 (760) 205-1382 https://grapefruitblvd.com/
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