CHAMPIONS SERIES TENNIS CIRCUIT NAME CHANGE
2012 Tour Featuring Andre Agassi, Pete Sampras, John McEnroe and Jim Courier to Visit Twelve US Cities in the Fall
NEW YORK, NY (April 24, 2012) — InsideOut Sports + Entertainment announced today that the Champions Series tennis circuit has been renamed the PowerShares Series. As the marketing agent for PowerShares QQQ Trust, an ETF based on the NASDAQ 100 index, Invesco PowerShares signed a multi-year agreement in 2011 to become the title sponsor of the InsideOut owned tennis tour.
To commemorate the renaming, InsideOut Sports + Entertainment Founding Partners Jon Venison and Jim Courier were joined this morning by Invesco PowerShares Managing Director of Global ETF’s Ben Fulton at The Opening Bell ceremonies at the NASDAQ MarketSite in New York’s Times Square.
The PowerShares Series will feature Andre Agassi, Pete Sampras, John McEnroe, Jim Courier and other Grand Slam winners competing in twelve one-night tournaments across the United States this fall. Each PowerShares Series tournament will showcase four of the legendary players playing in two, 1-set semifinals followed by a 1-set championship match.
The champions will compete for a prize pool totaling $1 million to be shared by the top three finishers at the conclusion of the season. Pete Sampras finished the 2011 season as the #1 ranked player, followed by Jim Courier and Andre Agassi.
Event details, including ticket information, player fields, dates and venues, will be announced this summer.
“We look forward to a fantastic season of PowerShares Series tennis,” said Jon Venison, founding partner of InsideOut Sports + Entertainment. “With legendary players competing across the United States this fall, PowerShares Series events will bring top flight tournament tennis and star power to the greatest sporting arenas in the country.”
“The name change to PowerShares Series tennis reflects our ongoing support for this highly successful tour which has garnered valuable exposure for PowerShares QQQ,” said Jason Schoepke, Chief Marketing Officer at Invesco PowerShares. “We are confident the 2012 PowerShares Series tennis circuit will continue to advance the PowerShares brand with our core audiences and look forward to this year’s events.”
The PowerShares Series is a tennis circuit for champion tennis players over the age of 30, created in 2005 by InsideOut Sports + Entertainment, the New York based firm which is co-owned and operated by former SFX executive Jon Venison and former world No. 1 Jim Courier.
ABOUT INSIDEOUT SPORTS + ENTERTAINMENT
InsideOut Sports + Entertainment is a New York City-based independent producer of proprietary events and promotions founded in 2004 by former world No. 1 and Hall of Fame tennis player Jim Courier and former SFX and Clear Channel executive Jon Venison. In 2005, InsideOut launched its signature property, the Champions Series, a collection of tournaments featuring the greatest names in tennis over the age of 30. In addition, InsideOut produces many other successful events including “Legendary Night” exhibitions, charity events and corporate outings. Since inception, InsideOut Sports + Entertainment has have raised over $4 million for charity. For more information, please log on to www.InsideOutSE.com or www.ChampionsSeriesTennis.com or follow on Facebook, Twitter and YouTube.
ABOUT LARRY MAGID ENTERTAINMENT GROUP
Promoting and producing over 16,000 concerts and live events, Larry Magid is considered one of the architects and contemporary leaders of the live entertainment business. He has spent 49 years in the entertainment business with some highlights including producing Billy Crystal’s 700 Sundays, the largest grossing non-musical in Broadway’s history and receiving a Tony Award and producing the U.S portions of Live Aid and Live 8.
ABOUT INVESCO POWERSHARES
Invesco PowerShares Capital Management LLC is Leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $57.6 billion as of December 31, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
ABOUT POWERSHARES QQQ
PowerShares QQQ™, an exchange-traded fund (ETF) based on the NASDAQ-100 Index®, is one of the largest and most traded ETFs in the world. Under most circumstances, QQQ will consist of all of the stocks in the index which includes 100 of the largest domestic and international nonfinancial companies listed on the NASDAQ Stock Market based on market capitalization.