Do Sports' Web "Spirit" Sites Attract Legions of High School Alums, Boosters and Students
MINNEAPOLIS, MN -- (MARKET WIRE) -- December 8, 2006 -- BDC Capital, Inc. (OTCBB: BDCN) today said
it has signed a letter of intent to purchase privately held Do Sports,
Inc., a creator, developer and owner of 91 high school spirit sites, for an
undisclosed purchase price of common stock and cash. Do Sports is based in
Cambridge, Ohio, and was founded in 1999 by president and CEO Kelly Sovka.
Of the 91 sites, 62 are fully operating while the other 29 are under
Do Sports Web sites, such as www.hilliarddavidsonwildcats.com and
www.newalbanyeagles.com, earn the loyalty of thousands and thousands of
alumni -- wherever they live -- boosters and students by serving as the
official site of a high school's athletic department. They post up-to-date
sports news and scores, profiles of athletes, teams and coaches,
information about athletic booster clubs, camps, workshops and coaching
opportunities, photos and schedules (including last-minute changes and
cancellations) of sports events and news about former high school athletes
as they enter college, among other features. Do Sports works closely with
the high schools to keep their sites exciting and timely. All advertising
sales are handled and retained by Do Sports in exchange for the service it
provides to the school.
BDC Capital is developing a social network portal, comprised of more than
25,000 of its own spirit domains, through its division, DigitalTown.com.
"Do Sports' Web sites, which are gateways into these communities,
complement DigitalTown's strategy and jump-start the launch of our portal,"
David R. Pomije, BDC Capital chief executive officer, said. "The average
number of monthly unique visitors on Do Sports' sites, when applied to
DigitalTown's larger universe of domains, validates the potential that
these community spirit sites hold."
The DigitalTown portal, now under construction, includes features that will
enhance Do Sports' offering, including email (firstname.lastname@example.org),
alumni communication and reunion tools, chat, a wide range of high school
activities -- such as drama and music -- in addition to athletics, personal
profiles, photo, video and music sharing and timely community news.
"Do Sports and DigitalTown have a natural fit," Sovka said. "Our combined
strengths in technology, advertising, marketing and management and
financial resources -- plus our shared commitment to education -- make this
a winning team."
Do Sports' offices will continue to be located in Ohio or will merge with
BDC Capital's offices in Burnsville when the sale is completed in early
About BDC Capital and DigitalTown
DigitalTown is a division of BDC Capital, Inc., based in Burnsville, MN,
and is developing a social-networking community for high school alumni,
boosters and students. Any statements contained herein related to future
events are forward-looking statements and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on forward-looking
statements. BDC Capital, Inc. undertakes no obligation to update any such
statements to reflect actual events.