SCOTTSDALE, Ariz., Nov. 21,
2023 /PRNewswire/ -- Signing Day Sports, Inc. (NYSE
American: SGN) (the "Company" or "Signing Day Sports"),
developer of the Signing Day Sports app, which includes an
innovative technology platform service for high school athletes in
the college recruitment process, remains committed to
executing on its business development growth plans to advance the
Company's mission of educating and recruiting athletes in a
multitude of different sports.
The Company's app currently covers football, soccer, baseball,
and softball, but is designed to quickly adapt to additional sports
and partner needs, and the Company intends to use the net proceeds
of its initial public offering (IPO) for, among other things,
direct digital marketing to help support student-athlete awareness
and the onboarding of new student-athlete profiles. This focus on
digital marketing is expected to develop new revenue streams within
each individual student-athlete profile and foster increased user
revenue.
The Company will also continue to utilize a variety of
communication platforms to promote student-athlete education on
personal development, recruitment process and name, image and
likeness (NIL) opportunities. The continued growth of NIL in
college athletics has created an opportunity for Signing Day Sports
to develop an educational platform that includes forums for the
promotion of the student-athlete and their development.
The Company has maintained overwhelming support from its legacy
stockholders, many of whom participated in the IPO. A strength of
Signing Day Sports has always been one of perseverance and enduring
relationships. These relationships include relationships with its
stockholders, strategic partners and the student-athletes that use
the Company's app and their families. The Company's mission
involves the advancement of education for the student-athlete and
their development with a focus on helping student-athletes pursue
opportunities that can help them play at their highest level both
on and off the field. The Company's stockholders support Signing
Day Sports' mission and trust the commitment the entire team at
Signing Day Sports has in building upon this mission.
The Company fully understands the necessity to maintain investor
confidence and put the interests of its stockholders first.
The Company is not aware of any fundamental business reason for the
precipitous decline in its stock since the commencement of trading
on the NYSE American exchange, and the Company believes that such
decline may be the result of illegal short selling in its
stock. The Company has commenced an investigation into the
trading of its stock and will take appropriate legal action based
on its findings.
The further development of Signing Day Sports as the premier
recruiting technology platform occurs daily. The Company
looks forward to establishing itself as the leading recruiting
platform for student-athletes around the world and. the Signing Day
Sports team has a clear vision and commitment to execute its
business development plans at a high level. As the Company
consistently preaches, victory is achieved through great people,
great plan and great execution.
About Signing Day Sports:
Signing Day Sports' app allows student-athletes to build their
Signing Day Sports recruitment profile, which includes information
college coaches need to evaluate and verify them through video
technology. The Signing Day Sports app includes a platform to
upload a comprehensive data set including video-verified
measurables (such as height, weight, 40-yard dash, wingspan, and
hand size), academic information (such as official transcripts and
SAT/ACT scores), and technical skill videos (such as game day as
well as training videos).
Forward-Looking Statements
This press release contains "forward-looking statements" that
are subject to substantial risks and uncertainties. All statements,
other than statements of historical fact, contained in this press
release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of
words such as "may," "could," "will," "should," "would," "expect,"
"plan," "intend," "anticipate," "believe," "estimate," "predict,"
"potential," "project" or "continue" or the negative of these terms
or other comparable terminology. These statements are only
predictions. You should not place undue reliance on forward-looking
statements because they involve known and unknown risks,
uncertainties and other factors, including without limitation, the
Company's ability to obtain additional funding to develop
additional services and offerings, market acceptance of the
Company's offerings, competition from existing online offerings or
new offerings that may emerge, impacts from strategic changes to
our business on our net sales, revenues, income from continuing
operations, or other results of operations, the Company's ability
to attract new users and customers, increase the rate of
subscription renewals and slow the rate of user attrition, the
Company's ability and third parties' abilities to protect
intellectual property rights, the Company's ability to adequately
support future growth, the Company's ability to comply with user
data privacy laws and other current or anticipated legal
requirements, the Company's ability to attract and retain key
personnel to manage its business effectively, and other risks and
uncertainties that will be described more fully in the section
titled "Risk Factors" in the registration statements and reports
filed by the Company with the U.S. Securities and Exchange
Commission. These risks and uncertainties are, in some cases,
beyond our control and could materially affect results. If one or
more of these risks or uncertainties occur, or if our underlying
assumptions prove to be incorrect, actual events or results may
vary significantly from those implied or projected by the
forward-looking statements. No forward-looking statement is a
guarantee of future performance. Forward-looking statements
contained in this announcement are made as of this date, and the
Company undertakes no duty to update such information except as
required under applicable law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/signing-day-sports-inc-focuses-on-growth-and-partnerships-commences-investigation-into-stock-price-decline-301994853.html
SOURCE Signing Day Sports