Scorpion Minerals will mit ACS Sports kooperieren - 500 Beiträge pro Seite

[redsnapper]

Way up north!
Leider bin ich zu dumm die Pressemitteilung hier einzufügen,Ihr
findet sie bei Yahoo,Kanada,stock-quotes,press-releases.

[privateer]

Ich aber nicht ;-)



Scorpion To Enter Into A Business Combination With ACS Sports.com Inc.

TORONTO, ONTARIO--Scorpion Minerals Inc. ("Scorpion") (TSE -
"SCP", Frankfurt - "PIZ") is pleased to announce that on January
12, 2000, Scorpion entered into a letter of intent with ACS
Sports.com Inc. ("ACS Sports"), providing for a business
combination of the two companies. If completed, the business
combination would result in Scorpion`s current shareholders owning
33.4% of the combined entity (21,589,238 shares) and the current
stakeholders of ACS Sports owning the remaining 66.6% (43,000,000
shares). In addition, should the current stakeholders of ACS
Sports exercise the 11,140,430 share purchase warrants they hold
in ACS Sports, they would be entitled to receive an additional
11,140,430 shares of the combined entity based on the same
exchange ratio, reducing the interest of the current Scorpion
shareholders to 28.5%.

ACS Sports, with operations in New York and Baltimore, is an
exciting Internet-based sports related business that distributes
local and regional sports content over the Internet and develops
and administers the web sites of major sports franchises. Traffic
on web sites developed by ACS Sports averages more than 30 million
page views per month. Through exclusive contracts with numerous
major-league baseball and other sports franchises, ACS Sports
follows a business model predicated on ongoing revenue sharing
arrangements with these sports franchises. Revenue sources
include sponsorship and advertising revenue, premium content and
subscription fees, content syndication and e-commerce. E-commerce
opportunities include team merchandise sales, ticket sales,
sporting gear and apparel, memorabilia and subscription services.


Each web site developed by ACS Sports is different -- customized
to reflect the characteristics and image of each franchise.
While different, each site typically includes some combination of
sports programming and content (news and editorials, scores,
statistics, player pages, team coverage etc.), community building
products and services (online chat rooms, online games and
contests), and e-commerce opportunities.

The market for sports content and merchandise is estimated at more
than US$150 billion annually. More than 22 million people use the
Internet to access sports related content and online merchandise
revenues are more than tripling annually.

Michael Farrugia, Chairman of Scorpion, said that "We are very
excited about this potential business combination. ACS Sports has
entered an exciting new area and has assembled a strong management
team that, in a very short time, has been able to secure contracts
with some of the most prestigious sports franchises in North
America. With multiple revenue streams from a variety of
different customers, we believe that ACS Sports is poised to
become one of the premier providers of sports content on the
Internet".

The business combination is subject to the completion of due
diligence as well as legal, regulatory and shareholder approval
and is expected to close in the first quarter of this year.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Scorpion Minerals Inc.
Lynn Grogan, Chief Financial Officer
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

Viele Grüße
privateer