Wazoo Sports Adds $2 Million

Wazoo Sports Inc., a London, Ky.-based high school sports broadcast network, has raised $2 million in new VC funding from Meritus Ventures
 

PRESS RELEASE

Wazoo Sports, Inc., a High School Sports Broadcast Network based in London, Kentucky, announced today it has received a $2.0 million equity funding commitment from Meritus Ventures, L.P. a London, Kentucky based venture capital fund.

“We are delighted to partner with Meritus Ventures for this important round of initial financing. In addition to capital, Meritus brings valuable strategic insight and experience to the table as we launch Wazoo Sports and aggressively expand our network, capitalizing on the national high school sports opportunities,” said Carlos “Doc” Carpenter, President and Chief Executive Officer of Wazoo Sports, Inc.

Meritus Ventures, L.P. is a venture capital fund formed to make equity investments primarily in private companies in Arkansas, Kentucky, Tennessee, Ohio, West Virginia, Virginia, North Carolina, South Carolina, Georgia, Alabama, and Mississippi.

Wazoo Sports, Inc is a High School Sports Broadcast Network with offices in London, Kentucky, Knoxville, Tennessee and Benton, Kentucky. Wazoo Sports currently employs 15 people between the three offices.

During the 2007-2008 high school basketball season, Wazoo Sports broadcast 88 games LIVE over the Internet. Using the latest in streaming and broadcast technology, Wazoo Sports delivers video content to the user over the Internet on their web site at www.wazoosports.com. Wazoo Sports also provides unlimited ON DEMAND viewing of their content, including all 88 basketball games from this past season.