Published:
SportZu.tv Adds Funding, Partners and Features
DENVER, Nov. 17 /PRNewswire/ -- SportZu.tv, the video based community of
youth sport coaches, parents and athletes focused on education, communication
and entertainment, continues to grow by recently completing bridge financing,
adding new team partners and preparing to launch Version 2.0.
SportZu.tv CEO, David Ehrlich, "We are very exciting by the recent
developments at the SportZu.tv Network and now attract over 10,000 unique
visitors per month. With increased revenue and a new financing agreement,
SportZu.tv is pointed toward a break even enterprise far sooner than we
initially anticipated while continuing to develop new and existing partner
relationships and technically enhancing our site offerings."
To further facilitate investment and site growth, SportZu.tv is pleased to
announce that Chris Philpott will join the SportZu.tv executive team in a
finance advisory role. Said Ehrlich, "Chris' experience with fund-raising and
financial management within the internet video space will help immeasurably."
Philpott most recently served as CFO of the venture backed firm, ManiaTV and
helped the company raise over $10M in debt and equity funding during his
tenure.
Concurrent with the financing agreement, SportZu.tv has expanded into new
markets through recent partner acquisitions. SportZu.tv added video channels
for the Calgary Roughnecks, Paradise Jam Basketball Tournament, Rochester
Knighthawks and Rochester Americans. Further, SportZu.tv has expanded its
video network with the addition of BBHighway.com, the premier online
basketball coaching community.
With financing secured and new partners in place, SportZu.tv will release
Version 2.0 in January, 2009. Version 2.0's improvements will include a
cutting edge video player and play list carousel for individual and team
syndication, enhanced team management and communication tools and a
streamlined navigation structure. SportZu.tv President, Craig Jonas,
describes, "We believe the upgraded elements will make it even simpler for our
partners, coaches, parents and athletes to navigate, communicate, watch and
share SportZu.tv's professionally produced and user-uploaded videos."
SportZu.tv plans to continue its investment, technology and partner
expansion this winter. Learn more about SportZu.tv at http://www.SportZu.tv
ABOUT SPORTZU.TV
The SportZu.tv Network is a series of interactive video communities
focused on educating and entertaining youth sports coaches, parents and
athletes. SportZu.tv believes in the power of amateur sports and as part of
the commitment to the advancement of amateur sports, SportZu.tv will donate 5%
of all net profits to amateur sports-based charities each year.
SOURCE SportZu.tv
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,SPT,ENT,TVN,EDU,CO-SportZu.tv-Funding
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