World Sports Network Secures Venture Financing from Valhalla
Investments
i-Gaming Industry Pioneer Mark Blandford Appointed to Board
SHANGHAI (Business Wire EON/PRWEB ) December 11, 2008 --
World Sports Network, the consumer sports website from China, has
secured its first institutional round of venture funding from Valhalla
Investments Inc. As part of the deal, Mark Blandford, Director of
Valhalla, has been appointed as a director of WSN.
Both WSN’s English (www.wsn.com)
and Chinese (cn.wsn.com)
football websites have grown markedly in popularity and size since their
initial launch less than a year ago and now serve millions of page views
a month. WSN is now riding the surging wave of all things related to
sport in Mainland China while also benefiting from worldwide interest in
the English site. WSN will use the funding to further develop its
leading sports content and initiate coverage of additional sports
leagues such as the NBA.
“We are thrilled to bring on an industry veteran in Mark Blandford.
Mark’s success in online sports betting is unrivaled and we are excited
to hear what advice he can provide us from his experience with
Sportingbet and his other ventures,” said WSN CEO Charles Gillespie.
“Valhalla’s investment validates our vision of creating China’s leading
sports vertical. Their support has already enabled us to accelerate
development of a few key projects that we will release before the end of
2008.”
Mark Blandford commented, “I’m delighted to be joining the board of such
an exciting company as WSN. I believe the addressable market is huge and
that WSN can feed the demand for more information and statistics which
have an impact on the outcome of sporting events.”
About Valhalla Investments Inc.
Valhalla Investments is an Alderney based Venture Capital investor
specializing in the Leisure sector.
About WSN
World Sports Network operates the free consumer sports website WSN.com.
A premier destination for football bettors, WSN publishes an array of
valuable sports betting information, including odds from around the
world, the Internet’s fastest football live score service, betting news
and analysis, and informative match statistics and trends. Headquartered
in Shanghai, China, WSN provides all of its content in both English (www.wsn.com)
and Chinese (cn.wsn.com),
showing that the world of football is as flat as a soccer pitch.
See the original story at: http://eon.businesswire.com/releases/mark_blandford/valhalla_investments/prweb1738114.htm
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