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FOR IMMEDIATE RELEASE
Media Contact: Josh Morgan Morgan/Dorado Public Relations Phone: 916.941.0901 Email: josh@morgandorado.com Lead Investor Dolphin Equity Partners, and BEV Capital, Join Previous Investor DFJ Frontier in Oversubscribed Round Cameron Park, CA, July 19, 2006 - MaxPreps, Inc., the leader in high school sports information and media, today announced it has completed a Series B round of venture financing with participation from BEV Capital, DFJ Frontier, and lead investor Dolphin Equity Partners. MaxPreps also announced that Salvatore Tirabassi of Dolphin Equity Partners and Mike Majors of BEV Capital will join MaxPreps' Board of Directors. With $7 million in Series B financing MaxPreps will increase marketing and distribution, add new senior management and expand business development efforts. "We've spent the last few years building a nationwide content network to create a single source for high school sports information," said Andy Beal, MaxPreps' CEO. "Now, with the capital and expertise provided by our new investors, we're going to extend the reach of MaxPreps and continue to build agreements with other top-tier information properties like our recent deal with ESPN." MaxPreps, launched in 2003, publishes highly detailed high school sports information to a nationwide audience through MaxPreps.com. MaxPreps aggregates its sports information from a network of thousands of high school coaches, professional photographers and freelance writers. "Dolphin Equity Partners is very pleased to announce our investment in MaxPreps," said Salvatore Tirabassi, partner with Dolphin Equity. "After researching a variety of content and social networking opportunities, we found that Andy and his team have developed a defensible and growing business model in a highly targeted and attractive demographic. We expect MaxPreps to become synonymous with high school sports."
ESPN Agreement Previously, MaxPreps has developed content and promotional agreements with USA Today and the NFL. MaxPreps also works with local newspapers to help enhance local presentation of high school sports information. Clients have included the Los Angeles Times, Arizona Republic, Minneapolis Star-Tribune and Detroit News.
About Dolphin Equity Partners:
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About DFJ Frontier
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