JSA buys equity stake in SGC

spacktrack · #19 12-31-2010, 09:47 AM

For anyone interested, this press release was just sent via SGC broadcast email.

FOR IMMEDIATE RELEASE

James Spence Authentication (JSA) Makes Equity Investment In Sportscard Guaranty Corp. (SGC)

SPORTSCARD GUARANTY CORP. (SGC, LLC) is pleased to announce that JAMES SPENCE AUTHENTICATION (JSA) has made an equity investment in SGC. The two entities believe this strategic investment will enhance the ability of both companies to better service the needs of autograph and card collectors.

JSA simultaneously announced that its investment in SGC will have no impact on its relationship with Beckett Grading Services, which shall continue as heretofore.

SGC is known among sports card hobbyists for its accuracy and consistency. Founded in 1998 and headquartered in Parsippany, N.J., the company provides independent, third-party appraisal of trading card condition - the single most important factor in determining a card's value.

JSA, also of Parsippany, N.J., is a nationally recognized third party autograph authentication service specializing in sports, political entertainment and other notable signatures. Clients include auction houses, dealers and collectors worldwide.

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