NexxNow, Inc. Opens Beijing Office
August 11, 2008 - Premier Basketball League (PBL)
Buffalo Stampede News Release
BUFFALO, N.Y. (August 11, 2008) NexxNow, Inc. (OTCBB: NXXN), a sports media and marketing company is pleased to announce that it has opened its Chinese office at the Beijing Sunflower Tower, Beijing, China. NexxNow will share the Clemente Asset Management, LLC facilities and benefit from Clemente's administrative staff and counsel.
Paul Riley, CEO of NexxNow stated, "Our association with Clemente Asset Management and the creation of our China Advisory Board provides an unparallel opportunity to advance our basketball broadcast initiatives in China.
CMS Media Research reports that over 770 million Chinese tuned into at least one Olympic game yesterday. It is also estimated that One Billion basketball fans watched the U.S. men's Olympic basketball team play China's team in Beijing. Coupled with China's plan to build 800,000 additional basketball courts over the next 10 years, China has indeed caught basketball fever with more than 180 million Chinese tuning into the USA vs. China basketball contest."
Riley continued, "The basketball market and interest in China dwarfs that of any other country in the world. The market is proven. Advertising revenues and ROI are at record breaking proportions with most major advertisers interested in tapping into China's 1.3 billion plus consumer force. These factors put NexxNow in the right place at the right time.
Simply put: to penetrate even a small percentage of the Chinese basketball fan audience can convert into strong revenue and earnings for any basketball broadcast."
NexxNow recently united with the Premier Basketball League ("PBL") by forming PBL China, LLC to accomplish the following: television broadcast of PBL basketball games to and from China worldwide, international league expansion, the formation of Chinese owned and operated PBL teams in China and solicitation of international/national sponsorship of the PBL through the utilization of NexxNow's "ACE" technology and multi-media platform offering.
Premier Basketball League Stories from August 11, 2008
- NexxNow, Inc. Opens Beijing Office - Buffalo Stampede
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