Science & Technology
Science and Technology
Science and Technology
Mon, July 20, 2009 XnE, Inc.: XnE Lays Out Future Plans of the Company
IRVINE, CA--(Marketwire - July 20, 2009) - [ XnE, Inc. ] (
XnE, Inc. will be part of the "FASTEST GROWING FAMILY SPORT IN AMERICA and that is MINOR LEAGUE BASEBALL." Over 50 million people attend minor league baseball games each season. In 2004 through 2008, minor league baseball drew more total fans to their games than the NBA, NFL and NHL combined and minor league teams are now in or near 100% of the top 50 US cities.
Minor league baseball appeals to families that appreciate its ability to entertain at a reasonable price. A family of four can go to the game including tickets, snacks and parking for around $40. Minors' average ticket price is $6, Major League Baseball is $18, NBA is over $41 and the NFL is over $50. In a recent survey 81% of respondents said they want to spend more time with family and 51% said baseball is the way to do it.
The executive management team will consist of executives who have started companies, operated public and private organizations and have had success with roll ups and acquisitions and understand the time and commitment to operate an organization.
XnE, Inc. will invest in its management team, employees and community, provide great services and entertainment for its customers and fans. Each of our teams will generate revenues from services provided, ticket sales, concession sales, merchandise and sponsorship from local, regional and national companies. Expenses will be controlled by consolidating operations of multiple teams. XnE, Inc. as a company will produce a growth company.
XnE, Inc. is focused on expanding its portfolio throughout the United States, but will grow at a rate that makes financial and strategic sense. XnE, Inc. intends to develop within three years a nationally recognized company with 4-5 teams in strategic market areas of the United States with combined annual sales revenues exceeding approximately $25 million. Our website address is: [ www.xneinc.com ]
Stay up-to-date with current events by joining XnE, Inc.'s E-Mail Alert List. Join by e-mailing the following: [ ir@xneinc.com ]
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Sports and Entertainment industry; the positioning of XnE in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether XnE can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
