Hamrahi Named PEV Chief Financial Officer…

Chicago, IL (October 10, 2008) – Prospectus Entertainment Ventures, LLC, owner of BaseballProspectus.com (BP), today announced the acquisition of BaseballDigestDaily.com from Sports Digest Daily, LLC. As a condition of the sale, Joe Hamrahi, founder and president of BDD, has agreed to become the Chief Financial Officer of PEV.

PEV’s decision to acquire Baseball Digest Daily further enhances the content offerings of Baseball Prospectus by adding some of the game’s best analysts as well as over 100 pages of baseball news and original content. In addition, BDD’s player tracker provides a platform for serious fans and fantasy baseball enthusiasts to easily monitor the progress of their teams, allowing users to manipulate and track the progress of an unlimited set of players over a customized period of time.

Hamrahi brings more than twenty years of finance and accounting experience to PEV. He is a licensed CPA in the state of New York and holds a BA in economics from Binghamton University and an MBA in accounting from Baruch College. Joe is a skilled businessman who is known and respected among major and minor league baseball executives alike.
 
“We are excited to add Baseball Digest Daily and Joe Hamrahi to the PEV family,” said Kevin Goldstein, PEV executive and senior writer for Baseball Prospectus. “We believe that BDD will help continue Baseball Prospectus’ reputation as the leader in baseball analysis. And positioning Joe as our CFO not only strengthens our front office, but provides us with the business leadership we need to grow the company.”

About Sports Digest Daily, LLC

Founded in 2004, Sports Digest Daily is a Delaware based LLC and original owner of Baseball Digest Daily, a New York-based press outlet and comprehensive online destination for major and minor league baseball news, features and statistical analysis.

About Prospectus Entertainment Ventures, LLC

Prospectus Entertainment Ventures, LLC is a Delaware based limited liability company that owns and operates Baseball Prospectus and Basketball Prospectus.

Baseball Prospectus produces the leading website for baseball analysis, with over 10,000 paid subscribers, and a New York Times bestselling annual book.  Their work is read by all 30 teams, and has been syndicated by ESPN and Sports Illustrated. 

PEV also owns a significant interest in 538 (www.fivethirtyeight.com), a political analysis website that generates over 700,000 unique visitors daily.

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Baseball Prospectus and the Baseball Prospectus logo are trademarks of Prospectus Ventures Entertainment, LLC. All other names are trademarks and/or registered trademarks of their respective owners.

(I’ll have more details explaining the transaction and transition later on today - JH)