Symbol: TSX-V: QBA
MONTREAL, Sept. 19, 2016 /CNW Telbec/ - LGC Capital Ltd. (TSXV: QBA) ("LGC") is pleased to announce that Rushmans, the Company's 50/50 partner with respect to Cuban Sport, has signed a landmark deal with Cuba to market Cuban TV sport content worldwide.
Cuba is world renowned for baseball, boxing and other Olympic sports and has enjoyed considerable success in international events. In the first deal of its type, RTVC, the Commercial Enterprise of Audiovisual contents in Cuba, is making an active commitment to expose Cuban sport to a wider global audience.
In a groundbreaking move, RTVC has contracted with Rushmans to distribute, market and co-produce Cuban sports content and events both live and recorded, from the country to the world.
Coverage of Cuba's National Baseball Series, boxing and other major international sports events to be staged in Cuba will now be available to international audiences.
Reciprocal deals may also enable Cuba to access more international sports programming.
Cuban's have a rich sporting heritage and culture and are now passionate followers of European and South American football leagues and teams.
"Cuba has excellent sporting credentials and enormous potential to host significant sports events due to its geographical location and passionate sports fans" said Nigel Rushman, Founder of Rushmans. "We are proud and excited to be offering remarkable sports content to the market for the first time, initial interest is very pleasing and sales are in progress."
Joel Ortega, Director of RTVC, said "We are building an alliance with Rushmans to enable exchanges with the international sports content market that will facilitate the development of our future broadcasts and thus our sports. We look forward to a long and successful relationship and for the world to enjoy our Cuban sporting talent. Also, as a result of this agreement, continuing to offer our production personnel to major events as we have been doing to Olympic Broadcasting Services for many years."
This news follows the recent Rushmans/LGC Joint Venture announcement that it had made its first high profile key appointment with one of Cuba's best known and respected TV presenters and sportscasters, Mr. Hector Villar (see LGC's press release dated July 22, 2016).
LGC's joint venture partner on this venture, Rushmans has more than 25 years' experience in world sport and has advised and supported sports governing bodies and played a key role in planning and delivering a host of major events including European Championships in football and World Cups in cricket and rugby. Rushmans has also acted as a strategic advisor to sport bodies and corporations worldwide.
David Lenigas, LGC Capital Ltd.'s Co-Chairman & CEO, commented; "LGC is pleased to be partnering Rushmans in Cuba. This deal will assist RTVC in accessing the international sports content market."
About LGC Capital (http://www.lgc-capital.com)
LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGC Capital Ltd
For further information: Company & Media Contacts: Canada contact: Rafi Hazan, Secretary and Director, Tel.: (514) 839-7234; London Office contact: David Lenigas, Co-Chairman and Chief Executive Officer, Mazen Haddad, Co-Chairman, Anthony Samaha, Chief Financial Officer, Tel.: +44 (0) 20 7440 0640; Investor Relations Contact: Dave Burwell, The Howard Group Inc., Tel.: (403) 221-9015, Toll Free: 1-888-221-0915, Email: [email protected]