SportBLX/PJ WASHINGTON Inc. (the “Company”) is a newly-formed Delaware corporation incorporated on June 8, 2020 by Sport-BLX Securities, Inc. (“SportBLX Securities”) (owning 300,000 common shares) and Paul J. Washington Senior (“Mr. Washington Sr.”) (owning 50,000 Shares) and Paul J. Washington Junior (“Mr. Washington Jr.” or the “Athlete”) (owning 50,000 shares). The CEO of the company will be Paul Washington Sr.
Mr. Washington Jr., together with Sport-BLX, Inc., an affiliate of SportBLX Securities, has formed PJW LTD., a Cayman Islands limited company, for the purpose of saving, investing and protecting his financial future, (“PJW LTD” or the “Note Issuer”).
The Company was created (i) to further the goals of PJW LTD by enhancing the Athlete’s financial returns, (ii) to generate income from the brand of the Athlete, leveraging the expertise of SportBLX Securities and its affiliates (collectively, “SportBLX”) and the networking capabilities of Mr. Washington Sr., (iii) and to provide similar management and monetization strategies to other athletes.
The focus of the Company is to generate profits primarily through the development and monetization of the brand of the Athlete, to provide services to PJW LTD and to Mr. Washington Jr. regarding his capital accounts, assisting the Athlete in growing his income streams, and identifying and exploiting additional revenue sources that would not otherwise be available to him. The Company may also provide financial and risk management consulting services to other athletes for a fee.
