Scott Welch purchases a substantial quantity of HWA:
SATURDAY 8th JANUARY
2005 - 14.23 p.m. GMT - Confirmed by REUTER'S ======================
Today the HWA's CEO
announced officially that Scott Welch has purchased a 'substantial'
amount of shares in the Hardcore Wrestling Association Ltd. The
confirmation comes as rumours of Welch's purchase of shares leaked out
onto the HWA web site sometime yesterday afternoon. Mr. Mozza
had the following to say this morning outside HWA HQ:
"The rumours are
true and I am pleased to announce that Mr. Scott Welch has purchased a
substantial quantity of shares in the HWA. We have considered
this move for the past couple of weeks now and saw this as the ideal
time to announce his appointment to the board and as Assistant Manager
of the HWA. It is always quiet after the holiday period and
hopefully this move can generate some interest into the fed.
Welch has a proven track record in sales and marketing from his
previous businesses and we at the HWA saw this as a key area that
needed improvement.
Scott has already
been hard at work driving the company forward by promoting the site to
the media at RottN and other sources. Hopefully 2005 will be a
prosperous year for the HWA and I'd like to thank BRAVO TV for
agreeing to air HWA's Walk'a'Bout for a further two months.
Myself and Scott signed the contracts with them yesterday evening with
the option of a renewal if HWA reaches a certain amount of views each
week".
The appointment of
Welch is bound to be frowned upon by certain critics due to his shady
business dealings in the past. Scott Welch declared himself
bankrupt in 1999 and since then has not been active. Welch's
past battles with the drink are sure to also be a huge talking point
as this has been claimed to be one of the main reasons for his failed
business ventures.
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