Sports Venues of Florida, Inc., Updates Shareholders on Debt Reduction and Results of Operations for the Year Ended May 31, 2020 - Seite 2

Today, the Company stock is trading nearly $0.11 with average daily volume of 118,550 shares per day. The toxic convertible notes from 2013 have either been paid off, reached negotiated settlements or have been written off due to the statute of limitations. Many of these notes met the standards needed to be classified as criminally usurious. The Company has replaced these old toxic notes with either cash sales of its regulation A common stock or with convertible notes that have straight conversions into common stock at $0.08 and most at $0.20 per share. The Company is executing its eSports business model with precision. In just a matter of a few short months, during a global pandemic, the Company has advanced operations beyond even management’s expectations. An announcement concerning when to expect revenues will be released by the Company on Wednesday, September 16, 2020.

Unlike other pink sheet or penny stocks that have hundreds of millions of shares issued and outstanding, the Company only has 67,050,271 at May 31, 2020. Only 9,635,005 of those shares are in the public float. At May 31, 2020 insiders owned approximately 49,793,496 restricted shares that are held in certificate form. Management owns approximately 74% of this Company and they are invested in continuing to build its success. No insider or affiliate stock is being sold, none is registered to be sold or will be sold privately or otherwise, period! This means thousands of shareholders own or control 17,256,775 shares are not competing with insiders or affiliates. When compared to other early revenue stage pink sheet Companies, Sports Venues of Florida, Inc., is positioned perfectly to explode in terms of expansion of its business model and it should experience continued improvement in its financial health for the foreseeable future. Management believes if potential investors clearly understood the progress this Company has made its stock price would reflect the tremendous potential this Company has.

John V. Whitman Jr., Founder/Chairman/President, said, “Just one year ago the Jackals who were expecting to feast on this Company discovered management was just playing dead. As tragic as Covid-19 and the global pandemic has been, it has positively impacted business models like our eSports model. Millions of eSports enthusiasts, gamers are stuck at home with nothing but time to build their skills on computer games that likeminded people can compete against each other globally from the comfort of their homes. Sports Venues of Florida’s subsidiary company, Shadow Gaming, Inc., has entered the eSports marketplace like a storm with enormously powerful disruptive force. It is my hope shareholders and potential shareholders will see the dedication and determination management has for this Company and reward us with an enhanced stock price and volume. I am determined to bring shareholders a Company that they can not only be proud of but will positively reflect one day and brag to their grandchildren they were invested in Sports Venues of Florida, Inc., at the very beginning.”