Signing Day Sports Promotes Holistic Student-Athlete Wellbeing in the Sports Industry
25 Janvier 2024 - 3:00PM
Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”)
(NYSE American: SGN), the developer of the Signing Day Sports
app and platform to aid high school athletes in the recruitment
process, today provided an update on its holistic approach to
student-athlete wellbeing, diversification of its revenue sources,
and significant subscriber growth.
Craig Smith, Chief of Development of
Signing Day Sports, stated, “We believe a holistic view of
student-athlete wellbeing is important in the sports industry and,
as such, helps maintain the Company’s key student-athlete
recruitment relationships, which are contributing to significant
subscriber growth. Our revenue sources currently include flat-fee
event registrations and monthly subscriptions. Related to this
holistic view, we plan to extend our revenue sources into a
comprehensive line of services to support student-athletes through
every step of the process. As we diversify and innovate, we are
excited about the positive impact this will have on the communities
that we serve.”
“Looking to the future, we are
optimistic about enhancing both our platform and user experience
through the introduction of new products and services. This
expansion includes retail items, with planned upcoming launches of
branded apparel, nutritional supplements, and other related
products and services. Additions like these are expected to create
new revenue streams for Signing Day Sports and further deepen the
connections we have within our community of users. We are also
focused on expanding our relationships with important
student-athlete recruitment organizations, such as our
collaborations with The U.S. Army Bowl and Elite Development
Program Soccer, which we anticipate will continue to lead to
significant bulk sign-ups on our app. We view these relationships
as key contributors to the long-term growth and financial stability
of the Company,” Smith concluded.
Richard Symington, President, and
Chief Technology Officer of Signing Day Sports, commented, “Our
holistic recruitment strategy and income diversification plans,
along with our commitment to ongoing innovation, underscore the
strength of our business model. We believe our approach sets us
apart from others in the industry and look forward to welcoming
more student-athletes to our platform and user community."
About Signing Day Sports
Signing Day Sports' mission is to help student-athletes achieve
their goal of playing college 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 drills and mechanics that exemplify
player mechanics, coordination, and development). For more
information on Signing Day Sports, go to
https://ir.signingdaysports.com/overview/default.aspx.
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 realize the expected benefits of its
collaboration with the owner of the U.S. Army Bowl and with Elite
Development Program Soccer, the ability of the collaborations to
yield significant revenues or other value for the Company, the
Company’s ability to execute the collaboration strategy as
expected, the likelihood that the owner of the U.S. Army Bowl and
that Elite Development Program Soccer will agree to continue their
sponsorship and strategic alliance agreements with the Company
following the end of their current terms in December 2024 and
October 2024, respectively, the number of student-athletes who will
use and purchase subscriptions to the Company’s app through the
Company’s U.S. Army Bowl and Elite Development Program Soccer
collaborations, the Company's ability to obtain additional funding
to develop additional services and offerings, including planned
retail offerings such as branded apparel and nutritional
supplements, market acceptance of the Company's current services
and planned 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, and the Company's ability to attract and retain key
personnel to manage its business effectively. 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.
Investor Contacts:Crescendo Communications,
LLC212-671-1020SGN@crescendo-ir.com
Signing Day Sports (AMEX:SGN)
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