On August 6, 2005 AllSportsMarket.com (ASM) 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.
On August 6, 2005 AllSportsMarket.com (ASM) successfully completed a yearlong live-beta test of its sports stock trading exchange. ASM began as a wild dream with less than 1,600 active traders and has quickly grown into a profitable reality with an expanding user base of over 7,000 international traders. Its successful growth has made ASM the fastest growing financial market in the World. The live online exchange provides easy to use educational tools and combines the strategic aspects of stock trading with the excitement of sports. This visionary fusion of both worlds delivers heart racing action and real cash results without the need for gambling or sports betting.
Adding to its growth on August 8, 2005 AllSportsMarket.com signed its first major league organization partnership agreement with the Costa Rica FIFA Soccer Federation. This signing was prior to the Costa Rica Soccer Team (ASM: FICOS) qualification to the 2006 FIFA World Cup, marking ASM as a significant partner in this event. Then on October 23, 2005 at 6:00 pm EST the entire UNAFUT Division One (Primera Division) Costa Rica Soccer League was launched for public trading on ASM during a successful IPO. ASM C.E.O, Chris Rabalais commented, “This is the very first time that an entire league is being released after signing a partnership agreement. The net funds will flow directly to the organization and the teams represented.” The entire event is a significant step between ASM and major league partners. Mr. Rabalais also said, “As future 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.”
AllSportsMarket.com operates a proprietary exchange modeled after Wall Street’s NASDAQ. It provides a safe but thrilling environment where traders buy and sell stocks of their favorite teams and a large variety of international sports. Teams such as the Indianapolis Colts (ASM: COLTS) who were a penny stock one year ago and today are trading at nineteen dollars per share, or the New England Patriots (ASM: PATRT) who were a penny stock a year ago and today trade at nearly eight dollars per share, or the New York Giants (ASM: GIANTS) who were released with an IPO of 500 shares at six dollars per share a year ago and 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. Many have seen this virgin market concept as a dynamic Internet revolution. And if ASM has its way, they may very well be proven right. With negotiations currently being set to bring in the NHL, NFL, MLB, and progressively all global sports institutions, the future of AllSportsMarket is looking very bright.
AllSportsMarket.com is also the first company to coin the term, “Sportfolio” a sports stock investment portfolio.
On the AllSportsMarket exchange stock values are driven by trader versus trader competition. Gains are made based on dividend payouts and personal market strategy. The exchange is open 365 days of the year and operates 24 hours per day. The volume and index are reset regularly at midnight. There is a public forum where users openly discuss the state of the exchange and traders swap ideas. AllSportsMarket has made its professional mission to bridge the world of sports and the world of finance. To learn more about this company visit their website, www.allsportsmarket.com.
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