Saturday, 17 May 2008
Print  E-mail
 
market_news_title.jpg

Alan Orman Named President of Authentidate Sports, Inc.

NEW YORK, NY
August 22, 2002

Authentidate Holding Corp. (Nasdaq: ADAT), is pleased to announce that Alan Orman has been named as President of Authentidate Sports, Inc. a 50/50 joint venture with Internet Venture Capital LLC.

Mr. Orman brings extensive experience to this position including his role as Vice President for the past 4 years with Synergy Sports and Entertainment. During this period he developed thematic content and product for cable outlets QVC, Shop at Home and Value Vision. He facilitated the second largest dollar per minute show in QVC history and structured and attained retail sales licenses for clients with Major League Baseball Properties, MLBPA, and National Hockey League Enterprises.

From 1992 to 1996, Mr. Orman worked as a manager at The Score Board, Inc. in Sports Licensing and established new licensing agreements with players and organizations. He developed licenses with Major League Baseball Properties and the Major League Baseball Players Association and developed and negotiated sublicensing rights for existing player contracts. Prior to that position, Mr. Orman worked as a Baseball Product Manager where he negotiated and implemented contracts involving marketing rights of major league baseball players including: Nolan Ryan, Hank Aaron, Ken Griffey Jr., and Barry Bonds. He supervised product development and appearances of athletes for cable outlets such as Home Shopping Network and QVC, and was responsible for a sixteen million-dollar baseball product line. Mr. Orman also participated in player relations with such athletes as Shaquille O'Neal and Jason Kidd on behalf of The Score Board, Inc.

Mr. Orman holds a Juris Doctor degree from Rutgers University School of Law, Camden, New Jersey. He is a member of New Jersey and Pennsylvania State Bars and holds a Bachelor of Arts in Psychology.

Mr. Orman stated, "Counterfeiting has been a major problem impacting the sports memorabilia industry and a key factor in the valid market’s diminished growth in recent years. The Authentidate Sports INSURE™ process secures the integrity of sports memorabilia products thereby ensuring the authenticity of the product, enhancing both its current and future value. As the Authentidate Sports INSURE™ process gains traction I expect significant growth in its usage. In my estimation, this product will provide tremendous value to the sports memorabilia market and I am excited to be playing a major role in its acceptance."

About Authentidate Sports, Inc.
Authentidate Sports, Inc. a 50/50 joint venture with Internet Venture Capital LLC of Authentidate Holding Corp. Authentidate Sports adds legitimacy to the sports memorabilia industry and saves its partners' and customers' time and money by guaranteeing the integrity and authenticity of sports memorabilia through the Authentidate Sports INSURE™ process. By serving as a means to authenticate memorabilia and decreasing the amount of fraud, demand for memorabilia shifts from forgeries to legitimate items, thereby creating substantial growth within the official market. Authentidate Sports' online registry tracks the memorabilia's ownership and further ensures authenticity in the future; thus increasing the value of memorabilia as years pass.

About Authentidate Holding Corp.
Authentidate Holding Corp. (AHC) is the holding company of five business units: DocSTAR, Authentidate International AG, Authentidate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. Authentidate and Authentidate AG provide the authentication of digital data through its proprietary and patent pending technology. Authentidate is establishing itself as the authority on "content security," a growing sector of the electronic network security infrastructure market Trac Medical uses the Authentidate service to improve speed, accuracy and security in processing medical forms. These three business units comprise the Authentidate Segment for financial reporting purposes. DocSTAR sells a complete line of document imaging products and DJS delivers professional services centered on systems integration projects, staff augmentation, out-tasking and outsourcing services, and resells computer related products.

This press release contains forward-Iooking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.