JSA buys equity stake in SGC

[jp1216]

Thanks Brian for the info. I was waiting for you to post!!

[spacktrack]

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.

[Fred]

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

Of course it won't....

[GoldenAge50s]

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

Of course it won't....



From one Fred to another, I don't see a problem----What do you see?

[Orioles1954]

SGC's website just stated that autographed cards will be able to be slabbed. And this doesn't change JSA's relationship with BGS?

[joeadcock]

Eventually, the affect of this acquisition will come to light. The autograph angle is interesting if JSA is working with 2 prior competitors. This may lead to some form of merger of competitors, even if not announced officially(at least for awhile). With the economy the way it is, may happen.

[Peter_Spaeth]

Originally Posted by Orioles1954

SGC's website just stated that autographed cards will be able to be slabbed. And this doesn't change JSA's relationship with BGS?

It just sounds like JSA will now have multiple clients, but that it will continue its relationship with Beckett. So the statement appears accurate.

[Fred]

Fred Y,

I don't think it will "harm" the relationship between Spence and Beckett. It just means Beckett will be seeing less income from autograph submissions.

Unless Spence owns a piece of Beckett do you really think that Spence is going to arbitrarily use Becket to slab the autographs he authenticates? It's in his better interest (his wallet's interest) to use the company that he just dropped a chunk of change on. Does this impact the relationship between Beckett and Spence? Of course not...

[Exhibitman]

Originally Posted by Orioles1954

SGC's website just stated that autographed cards will be able to be slabbed. And this doesn't change JSA's relationship with BGS?

Where? All I found was that they won't grade autographed cards

http://www.sgccard.com/exlusions.htm