The business model has changed slightly in that instead of being totally corporate owned, the company will license territories by region, nation, state/province, city and ending with the content zone of a team, club, college, high school, event or any sport organization seeking to promote themselves.  The company also will initially start as an aggregator of content and migrate into social submission and evolve into original content creation through its end licensees.

localsports.com launched BETA 1 this week and began consuming localized feeds in the Charleston, SC market tweaking the backend systems and will begin further development over the next few weeks to include national and international feeds with the addition of licensees.  Also, it will move quickly into the post pc world of mobile devices and applications to enable licensees to create content with greater ease.

“Ten plus years after our initial launch I am still amazed that the void of local sports content still exists today.  Back in 2001 we never found the right funding partners, but the timing is right to address this local content void with the use of today’s aggregation, social and content development tools and devices in the ‘Post PC’ world we are in.  When we launched back in 1998 the set of challenges we had to overcome with cost of technology such as laptops, getting connected at events, software to create content; those challenges just don’t exist today.  The speed at which mobile devices such as phones and tablets, apps and connectivity are growing should enable local sport content creation like never before.” noted co-founder Michael Douglas Smith.

About localsports.com
localsports.com was founded in 1998 as a sport portal business and is now being redeveloped as a social/web 2.0+ site with a network of licensees building localized content.

Contact
localsports dot com, llc
1150 Hungryneck Blvd, Suite C-122
Mount Pleasant, SC 29464
pr@localsports.com

We have a client with a substantial land portfolio in Florida.  The portfolio even in this down market is worth more than $300M with 60%+ equity. One part was even bought and is adjacent to Disney!  Now, everyone know Florida is the most toxic state by far for foreclosures, but how bad is it viewed in the global market?  Well, let me tell you: It’s worse than Baghdad!  That’s right, Baghdad.  We recently had several international banks immediately refuse anything in Florida and one in particular just closed a $50M deal in Baghdad and prefer it to Florida!  So, how do we turn around Florida?  Well, its almost a foreign state anyway so why don’t we just roll in the US Army to occupy it and turn around the porperty values? Works for me!

midosm has launched a real estate holding company called The Charlestowne Group.  The new company will solely invest in and hold real estate in the historic Charleston, SC metro area.  The company will not be speculating on real estate to turn, but rather only properties its parent company will use or build to suits specifically for qualifying companies with staying power in the are long term.

Football Ventures will be making an announcement regarding its first investment partnership into the professional space of global football (or soccer) on May 31.  This investment will be structured along with its investment banking partners and private capital partners to place a secured senior debt structure in place for one of its clients.