http://www.gobignetwork.com/classified/act...6097/index.aspx
Fantasy football company looking for expansion capital
Posted By: Neil Wickham
Company: International Fantasy Sports
Category: Funding Needed
Location: Troy, MI (United States)
Post Date: 2/4/2008 11:40:23 PM
International Fantasy Sports is a Nevada LLC, with operation primarily located in Michigan. IFS has been in business since 2003. IFS is a fantasy sports provider with a firm position in the high stakes fantasy football segment and many growth opportunities in the rest of the market. IFS has developed its own commissioner software based on state of the art software platforms. Our 2007 revenue was $385,000,
and we are projecting near $800,000 for 2008.
IFS is seeking $1,000,000 to pay out 2007 prizes, reduce short-term debt, and for 2008 minor software enhancements. These enhancements would allow us to ability to run large-scale marketing contests. Such contests could generate $100,000 to $1,000,000 depending on total size.
We are projecting a break-even year in 2008. Investors could break even as soon as two years, and large returns are possible shortly thereafter.