Online Trading Fires-Up New Sports Market
AllSportsMarket.com successfully completed a yearlong live-beta test of its sports stock trading exchange. This visionary fusion of both sports and a financial market delivers heart racing action and real cash results without the need for gambling or sports betting.
Miami, FL (PRWEB) December 1, 2005 -- If the most recent challengers to take on the Internet business world succeed, it will mean a whole new ballgame for sports fans and on-line investors everywhere, which combine to make a global market of over 500 million people.
On August 6, 2005 AllSportsMarket.com (ASM) successfully completed a yearlong live beta test of its on-line sports stock exchange. ASM operates a proprietary exchange modeled after Wall Street’s NASDAQ where traders battle in head-to-head competition for real cash.
Stock prices are driven by the traders; while money gains come from dividend payouts and personal trading strategies.
In this real world approach to sports, traders have a “sportsfolio”- (a sports stock investment portfolio) easy to use ProTrade Level II trading screens and teams are represented on the exchange as stocks with their own ticker symbol. For example the undefeated Indianapolis Colts are(ASM: COLTS).
The ASM on-line environment creates a new outlet for fans and online traders to connect with their favorite teams in a large variety of international sports without the need for sports betting or gambling.
Many see this virgin concept as a dynamic Internet revolution. And if ASM has its way, they will be proven right. With current negotiations set to bring in the NHL, NFL, MLB, and progressively all global sports institutions. AllSportsMarket has made its professional mission, to bridge the world of sports and the world of finance.
On August 8, 2005 ASM signed its first major league partnership agreement with the Costa Rican FIFA Soccer Federation. This signing was prior to the Costa Rican Soccer Team (ASM: FICOS) qualification to the 2006 FIFA World Cup. Then on October 23, 2005 at 6:00 pm EST the entire UNAFUT Division One (Primera Division) Costa Rican Soccer League was launched for public trading on ASM during a successful IPO.
AllSportsMarket.com C.E.O, Chris Rabalais said in a phone interview, “This is a significant step towards building the new future of sports and on-line trading. As league partnerships grow, the bridge between international sports and the World’s financial markets is built. At this point a full conversion will take place and the financial market will cross to the sports market and vice-versa. Then you have the largest online marketplace (in value and trade volume) that exists to date.”
ASM began as a wild dream when Chris and his partner wondered about sports and their true fanatical appeal. The whole thing was a curious test that started with less than 1,600 active traders. But it quickly grew into a profitable reality with an expanding base of over 7,000 international traders. Its successful growth has made ASM the fastest growing market in the World.
Teams such as the Indianapolis Colts (ASM: COLTS) who were a penny stock one year ago -- today are trading at nineteen dollars per share, the New England Patriots (ASM: PATRT) were also a penny stock a year ago and today trade at nearly eight dollars per share, the New York Giants (ASM: GIANTS) who were released with an IPO of 500 shares at six dollars per share a year ago -- today have split three times and currently trade at twelve dollars per share. Prior to the 2005 World Series, the Chicago White Sox (ASM: WTSOX) futures were less than six dollars per share, during the World Series value was driven to twenty dollars per share, with White Sox future shares returning a gain of twenty-two dollars per share by the time they swept the Houston Astros (ASM: ASTRO) in the Series.
The ASM exchange is open 365 days of the year operates 24 hours per day and has a public forum where traders openly discuss the state of the exchange and swap ideas. To learn more visit www.allsportsmarket.com
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