BaselineAgent Announces Upcoming Initial Public Offering

Online, May 12, 2011 (Newswire.com) - BaselineAgent, Inc., today, announced its intention to sell approximately 10% of BaselineAgent via an initial public offering (IPO) of newly issued stock. BaselineAgent Chairman and Chief Executive Officer, Ramesh Kris Nathan, will retain ownership of the remaining shares, and has no intention of spinning out or otherwise divesting this ownership interest.

Mr. Nathan said, "BaselineAgent is one of the fastest growing companies in the history of sports management. We expect the IPO to reveal more value to shareholders while also increasing its ability to retain and attract top talent."

BaselineAgent had record sales in 2010, growing revenues 141% during the year to $577 million. It had year over year growth of 118% due to the integration of several new revenue producing platforms and a large increase in their membership base. IPO managers for the company have estimated the post-IPO valuation of the company to be between $25-27 billion.

BaselineAgent, Inc., launched November 2008, with its proprietary, patented web application BaselineAgent.com. Since the launch, BaselineAgent.com soon grew to become the largest professionals sports management company in the world. Having captured the sports world's attention, it furthered its presence by launching the BaselineAgent App for iPhone, iPod, and iPad which is the world's first mobile sports management application. BaselineAgent currently has over 15,000 athletes under management. BaselineAgent also owns its own travel search engine, which, since its launch, has been tremendously successful. Information about BaselineAgent's products and services can be found at www.baselineagent.com

BaselineAgent.com is a registered trademark of BaselineAgent, Inc. All other trademarks used are the property of their respective owners.
A registration statement relating to the common shares to be sold in the BaselineAgent IPO is expected to be filed with the Securities and Exchange Commission, but has not been filed or become effective. The common shares may not be sold and offers may not be accepted prior to the time the registration statement becomes effective. This release does not constitute an offer to sell or the solicitation of any offer to buy, and there shall not be any sale of the common shares in any state in which such offer, solicitation or sale would be unlawful prior the registration or qualification under the securities laws of any such state.
This release contains "forward-looking statements" as defined under the Federal Securities Laws including, but not limited to, statements regarding BaselineAgent's intention to conduct an IPO of BaselineAgent's stock. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: adverse changes in general economic or market conditions, the inability to manage successfully and complete the IPO, including the ability to retain and attract key employees, the risk that the IPO of BaselineAgent may not occur in its expected timeframe or at all, and other one-time events and other important factors disclosed previously and from time to time in BaselineAgent's filings with the U.S. Securities and Exchange Commission. BaselineAgent disclaims any obligation to update any such forward-looking statements after the date of this release.