Sportsvite.com Completes First Round of Financing; Private Deal Follows Two Important Awards for the Company

Sportsvite (www.sportsvite.com), a web service for recreational athletes, teams, and leagues, has secured up to $2 million in its first round of financing from Grace Drive Management, an alternative investment fund based in New York. The financing was arranged by [212]MEDIA (www.212media.com), the parent company of Sportsvite, which owns and operates a portfolio of new media ventures in social media, content distribution, online gaming and publishing. [212]MEDIA works with major media companies such as Time Warner, Google and MTV. (PRWeb Feb 13, 2007)  Read More »