Business
Sports Venues of Florida Issues Open Letter to Shareholders on the Path Forward
Sports Venues of Florida Issues Open Letter to Shareholders on the Path Forward.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n TAMPA, FL, Feb. 25, 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, issues the following Letter to Shareholders on behalf of the CEO: Dear Valued Shareholder, First off, allow me to express our heartfelt gratitude for your patience and commitment as we undergo a process of rebirth with a rekindled drive and determination to deliver long-term shareholder value. Today, I want to briefly present the Company’s strategic orientation to better outline the path ahead of us and why we firmly believe it is the right path for BTHR shareholders. Sports Venues of Florida is, at heart, a real estate development company with vast experience in real estate development and real estate development financing at the executive, board, and advisory board positions. We have collectively completed projects funded in the billions of dollars with decades of direct experience working with local government officials, financial consortiums, and regulators to get large projects done on time and under budget. We have come together with a unique vision that has, at its core, the development of an integrated family fun sports complex model capable of disrupting the standard model of the standalone “sports facility” with a much more comprehensive experience that includes dining, entertainment, recreational facilities, and lodging. 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. We are also developing synergies in this broad segment through two strategic moves: 1. By investing in a unique opportunity to gain a dominant position in the live-streaming of youth sporting events with our LYSN, Inc. (“LYSN”) acquisition (closed last year), and 2. By cultivating joint venture relationships in the eSports sector with the long-t...