New York, NY, August 9, 2016 – 360 Sports, Inc. (360) announced today that the Minnesota Department of Commerce has qualified 20,000,000 public shares. The shares can be purchased on the 360 Sports, Inc. website by Minnesota residents and business owners
The registration statement authorizing 360 to sell up to 20 million free trading shares at a fixed price of $1 dollar per shares is in accordance to the rules of Regulation A+, Tier 1, Title IV of the JOBS Act. 360 Sports is one of the first company to qualify under Tier 1 of the JOBS Act in this historic event.
360 Sports is on a mission to be the global leader in comprehensive athlete development. Products include athlete training technology, sports apparel and online ticket platforms for travel and events. Use of proceeds from this offering will be used to scale growth including sports venue design, web and mobile technology, social media marketing, staffing and legal and accounting expenses associated with managing risk and growth of the Company.
Upon funding, 360 will immediately roll out indoor and outdoor sports leagues in European club style format where each club has multiple teams per club. Outdoor leagues include amateur football, soccer, baseball, softball, rugby, cricket, lacrosse and a professional golf tour. Indoor sports include basketball, hockey, competitive cheerleading and water polo. The sports leagues will serve both male and female athletes ages 4 and up. Primary revenue is driven by a combination of athlete dues, ticket sales and sponsorships. Secondary revenue is generated through 360's vertical companies including apparel, affiliate sales and technology. Sports leagues may be added or removed depending on popularity.
360 Sports founder and CEO, Robert Licopoli, stated, "The decision to become publicly traded was made so that we could scale our growth and provide equal access to training for athletes at all levels." He continued, "Our mission is to teach athletes as young as age 4 proper technique. Our athlete advisement and mentoring platform is anchored by retired professional athletes and our core services will always be free."
360 took a sustainable approach to the public registration process by balancing legal and accounting expenses with revenue which has taken longer; however, avoided mountains of debt common with most public filings. In addition to the SEC qualification, 360 Sports is currently qualified in Massachusetts and New York. 360 is actively pursuing a stock symbol with FINRA. Pre symbol shares may be purchased online at www.360sportsinc.com.
Robert F. Licopoli
360 Sports, Inc.
244 5th Avenue, Suite R260
New York, NY 10001
Forward Looking Statements
360 Sports, Inc., it's subsidiaries and verticals ("The Company") is clearly stating that portions of this press release contains "forward-looking statements." These statements involve risks and uncertainties, and the Company undertakes no obligation to update any forward-looking information. Risks and uncertainties that could cause cash flows to decrease or actual results to differ materially include, without limitation, consumer interest in the Company¹s products, general economic conditions, consumer trends, costs and availability of raw materials, competition, market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company¹s control. Readers are referred to the Company¹s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The information contained in this press release is a statement of the Company¹s present intentions, beliefs or expectations and is based upon, among other things, the existing business environment, industry conditions, market conditions and prices, the economy in general and the Company¹s assumptions. The Company may change its intentions, beliefs or expectations at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise, and it undertakes no obligation to revise or update publicly any forward-looking statements for any reason. The cautionary statements contained or referred to in this press release should be considered in connection with any subsequent written or oral forward-looking statements that the Company or persons acting on its behalf may issue.