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Sports Properties Acquisition Corp. Announces Trust Investment Details
NEW YORK-(Business Wire)-October 6, 2008 - Sports Properties Acquisition Corp. (AMEX: HMR.U), announced today details related to its assets being held in trust. The trust assets are held in a trust account at Deutsche Bank Trust Company Americas, with Continental Stock Transfer & Trust Company as trustee. All of the trust assets are invested in the JPMorgan 100% U.S. Treasury Securities Money Market Fund (NASDAQ: CJTXX). The Fund invests these trust assets exclusively in obligations of the United States Treasury, including Treasury bills, bonds and notes.
About Sports Properties Acquisition Corp.
SPORTS PROPERTIES ACQUISITION CORP IS A BLANK CHECK COMPANY ORGANIZED FOR THE PURPOSE OF EFFECTING A MERGER, CAPITAL STOCK EXCHANGE, ASSET OR STOCK ACQUISITION, EXCHANGEABLE SHARE TRANSACTION OR OTHER SIMILAR BUSINESS COMBINATION OF ONE OR MORE DOMESTIC OR INTERNATIONAL OPERATING BUSINESSES. IT PLANS TO TARGET ACQUISITIONS IN THE SPORTS, LEISURE OR ENTERTAINMENT INDUSTRIES.
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