AllSportsMarket.com Securing European Partner Goes Live on August 9 With $4,810,133.30 Market Volume to Date and 1,176 Beta Testers
AllSportsMarket.com, the world's first sports market with dividends, secures European partner and will go live on August 9, 2004 with $4,810,133.30 market volume to date and 1,176 beta testers. All-Sports-News.com free sports news site goes live.
London, UK (PRWEB) July 29, 2004 --AllSportsMarket.com, the World's first and only sports market with dividends trade volume now stands at $4,810,133.30 with 1,176 beta testers online. Members from around the World continue to battle against each other in live head-to-head sports trading competition. For the final few days, beta testers can trade MLB prior to the August 9, 2004 launch before the start of NFL pre-season. AllSportsMarket.com employs professional trading methods and tools precisely modeled after Wall Street's NASDAQ. Any sports or gaming fan can buy or sell virtual shares in a sports team or sporting event. All trades are executed in real-time with actual cash dividends paid out to the players holding the winning teams. The market is driven by player demand on any given sports team or event as they compete for real money. Prices rise and fall over speculation on a team or event's performance. The dividend system adds excitement as players must constantly decide whether to sell with gains in price or hold for payment of dividends at the close of a match. Members can exchange information, make picks and hold open discussions in the live and threaded forums. The game never stops as the excitement runs 24 hours per day all year long. Over the coming months, all sports will be covered as each season opens.
The software development team has been hard at work expanding the capacity of the server farm and ensuring that the software is stable. Site capacity now stands at 50,000 registered users. In addition, All-Sports-News.com, a free streaming sports news site with up-to-the-minute scores, information, injury reports and more is now available to the public.
"AllSportsMarket.com will provide the sports fan a safe environment to speculate on sports events without the risk of 'losing his shirt' in a win/lose proposition employed in a sportsbook," said company president, Chris Rabalais. "It is so realistic that you quickly forget you are not trading on Wall Street." "and", continued Rabalais, "you can actually cash in anytime for real money, and a good team pick will pay dividends all season."
Company spokesperson, Harley Femino, spoke recently about AllSportsMarket.com "This is a totally new concept, combining several already existing, online elements... sports betting, fantasy league play and stock trading. Anyone trying it now... from the sports fan and betting enthusiast... or even fantasy players are all saying 'this is the most exciting thing to come along in a long time.'" A few players have gone as far as commenting that AllSportsMarket.com will be the most explosive online revolution since eBay. Binding all these elements together is the online community created by the forums, live chat and support.
A limited number of free virtual shares are available to qualified players joining the beta prior to the August 9, 2004 launch. Contact us via e-mail at Legal@AllSportsMarket.com for more details.
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