Forum Archive Index - January 2001

["Kelvin" <kelw@infogen.net.nz>]

Well as usual it appears that some knew about this announcement before most
of us, hence the price movement

Everywhere is walking distance if you have time
----- Original Message -----
From: "Matthew Van Veen" <mattvanveen@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, January 17, 2001 5:28 PM
Subject: Re: [sharechat] ITC - announcement


> The following was promulgated today on the ASX - an expanded version of
the
> pidley NZSE announcement.
>
>
> Alexander Brown, who led ESPN and ESPN STAR Sports' efforts in Asia,
> has been named President and Chief Operating Officer of Virtual
> Spectator, a New Zealand-based company that uses proprietary software
> and three dimensional (3D) animation to create personal viewing
> experiences for television and Internet sports coverage.
> Brown will manage the worldwide day-to-day business operations of
> Virtual Spectator as well as develop strategic initiatives for the
> company. He will be based at Virtual Spectator's new offices in New
> York, which are to become the company's global headquarters. Product
> research, development and production will continue to be based in New
> Zealand.
> Said Lindsay Fergusson, Chairman and Chief Executive Officer of
> Virtual Spectator, "Sandy is a proven leader in the sports media
> industry and is the ideal executive to manage our business as well as
> lead Virtual Spectator's expansion into new markets across the
> globe."
> Brown was recruited to his new post by Cathy Griffin, a well known
> sports figure who heads the Global Sports Practice at Korn/Ferry
> International (NYSE:KFY), the leading executive search firm.
> "Virtual Spectator has created a leading technology that has a
> rapidly growing following within the broadcast community, but also
> possesses enormous potential for the Internet," noted Brown. "I am
> excited about the opportunity to expand Virtual Spectator's presence
> in the sports category and also look forward to exploring other
> mediums where Virtual Spectator's technology can enrich the
> entertainment experience."
> Brown recently was named one of the ten "power brokers" in Asian
> sports by SPORT BUSINESS. Under Brown's leadership, ESPN's
> subscribers in Asia grew from zero to 53 million and STAR Sports
> subscribers grew from zero to 52 million. Brown's achievements also
> included customizing the ESPN and STAR Sports networks into six
> regionally targeted services in five languages serving over 25
> countries. ESPN is a division of the Walt Disney Company, and ESPN
> STAR Sports is a joint venture of ESPN and STAR TV, a division of
> News Corporation.
> Virtual Spectator's technology was developed eight years ago to
> enhance live television coverage of the America's Cup and was used in1992,
> 199
> 5 and 2000. In a world first, Virtual Spectator expanded its
> technology to provide live interactive 3D animation coverage of
> America's Cup 2000 on the Internet. The company is now applying its
> technology to golf, motor sports, soccer, rugby, cricket and music.
> Virtual Spectator's software uses 3D animation technology to
> graphically enhance television sports coverage and create interactive
> live and real time Internet coverage. The company's revenues are
> derived from fees from television networks and subscriptions from
> Internet viewers. Virtual Spectator's founders include Fergusson, an
> international businessman; Ian Taylor, a pioneer in 3D animation; and
> Craig Meek, a pioneer in the interactive multimedia Industry. Snider
> Capital of Philadelphia and IT Capital, Australasia's leading Venture
> Catalyst(TM), are also shareholders in Virtual Spectator. Neal
> Pilson, former president of CBS Sports, is a consultant to the
> Company.
>
>
>
> >From: "Kelvin" <kelw@infogen.net.nz>
> >Reply-To: sharechat@sharechat.co.nz
> >To: "Sharechat" <sharechat@sharechat.co.nz>
> >Subject: [sharechat] ITC
> >Date: Wed, 17 Jan 2001 12:19:59 +1300
> >
> >I see ITC is on the rise, long may it continue.
> >
> >Everywhere is walking distance if you have time
> >
> >
>
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