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These Sports Tech Stocks Could Be A Slam Dunk

2019-01-07 14:31 ET - News Release

CORAL GABLES, FL / ACCESSWIRE / January 7, 2019 / Every seasoned athlete knows that every sport, be it basketball or golf, is ultimately a test of cognition. When we watch NBA players like Lebron James hit a game-winning 3-pointer or professional golfers like Tiger Woods putt their way to a PGA trophy, rarely do we consider their mental toughness and ability to perform under stress. Cognitive assessment technology for professional athletic development represents a multi-billion dollar industry that is piping hot with investor opportunities. As athletes recognize a never-before-seen realm of competitive edge over their opponents, one company, in particular, has what it takes to get ahead of the ball and connect. As more athletes see the power of using technology to help them reach the top of their game, XSport Global, Inc. (XSPT), Fitbit Inc (NYSE: FIT), MINDBODY Inc (NASDAQ: MB), and Activision Blizzard Inc (NASDAQ: ATVI) are 4 sports tech stocks that could round home plate on Monday.

XSport Global, Inc. (XSPT) is a company that is leading the cognitive assessment technology industry as they seek to further the success of high-performance athletes around the world through "leading sciences, innovative technologies, and pioneering digital media."

In late-November 2018, XSport Global, Inc. (XSPT) announced their rapid development of FitLinkDNA, a service designed to help athletes train, compete, and perform at their full capacity. Per the announcement, the service will include a set of comprehensive digital reports that will become the athletes' digital blueprint — allowing them to develop a tailored, personalized, wellness regimen.

Robert Finigan, CEO of XSport Global, Inc. (XSPT), said, "Decoding the human genome is one of the most significant undertakings that has ever been mounted in the history of science. DNA sequencing has revolutionized our understanding of the human genome and provided insights that were beyond comprehension just ten years ago. By taking it a step further and using that knowledge to provide real solutions to genetic level problems, the Company is working to monetize advanced technology and its applications in one of the most high-growth, highest-grossing global industries ever."

For More Information On XSport Global, Inc, Click Here

Fitbit Inc (FIT), one of the leading wearables brands, announced at the tail-end of last week that Fitbit users in Sydney, Australia with certain devices, would officially be able to leave their debit cards at home and use FitBit Pay™on their Fitbit device to quickly and easily pay for public transport/other expenses.

Shaun Colligan, Regional Director Australia & New Zealand, Fitbit, said, "We're thrilled that Sydneysiders can now take advantage of Fitbit Pay for their commute, providing users with a quick and easy way to tap on and off to their train, ferry or light rail directly from their Fitbit device. Australians have embraced digital payment technologies with the nation truly leading the global charge to a cashless society. It's important that we can converge these technologies seamlessly, to make life even easier and more convenient."

For More Information On Fitbit, Inc, Click Here

MINDBODY Inc (MB), a company gaining tread in the health industry for its appointment booking platform, announced in late-December that it had entered into a definitive agreement to be acquired by Vista Equity Partners, a leading investment firm focused on software, dataand technology-enabled business. Under the terms of the agreement, Vista Willa acquires all outstanding shares of MINDBODY common stock for a total value of approximately $1.9 billion. The Company's shareholders will receive $36.50 in cash per share, representing a 68% premium to the unaffected closing price as of December 21, 2018.

MINDBODY's leadership team shared their feelings on the agreement in an official press release:

"MINDBODY's purpose is to help people lead healthier, happier lives by connecting the world to fitness, beautyand wellness," said Rick Stollmeyer, Co-Founder and CEO of MINDBODY. "We are thrilled to provide immediate liquidity to our shareholders at a significant premium to market prices and to leverage Vista's resources and deep expertise to accelerate our growth while achieving that purpose more effectively than ever before."

For More Information on MINDBODY Inc, Click Here

Activision Blizzard Inc (ATVI) enjoyed an impressive 3.54% to its company shares in mid-afternoon trading on Monday, with shares trading $48.83 per share. The boost could be related to the Company's recent press release which came early last week, saying that the Company plans on releasing its fourth quarter 2018 results after the close of the market on Tuesday, February 12, 2019. In conjunction with this release, the Company will host a conference call that will be broadcast over the internet.

For More Information On Activision Blizzard, Inc, Click Here

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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. JSG Communications, LLC which owns www.StockPrice.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

JSG Communications, LLC, which owns www.StockPrice.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. JSG Communications, LLC, which owns www.StockPrice.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.

Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of JSG COMMUNICATIONS LLC and XSport Global, Inc. we were hired for a period from 11/4/2018 –2/4/2019 to publicly disseminate information about XSport Global, Inc. including on the Website and other media including Facebook and Twitter. We were paid $50,000 ( CASH) for & were paid "0" shares of restricted common shares. We own zero shares of XSport Global, Inc., which we purchased in the open market. We may buy or sell additional shares of XSport Global, Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Please click here for full disclaimer.

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