Hotbox Sports Ventures Inc. ("HSV") is the holding company for its four subsidiaries: Hotbox Operations LLC, Hotbox Holdings LLC, Stone Road Gaming LLC ("Stone Road Gaming"), and Hotbox Limited LLC. The Company launched its website, http://www.hotboxsports.com, to the public in October 2008. It offers a patented, highly-engaging fantasy sports product (the “Hotbox Sports® Product”) invented by its founding members. The fully functional website was developed by and operated in partnership with Fanball (Liberty Media), a well-known pioneer in the fantasy sports industry, prior to the Company’s hiring of key programmers, bringing all development and management in-house.
The Company’s primary line of business, its fantasy sports website, has become the most engaging fantasy sports Internet property in the market, according to data provided by Compete.com. The engagement levels on the website, critical to secure profitable advertising rates, surpassed those of the Big Four in fantasy sports – Yahoo Sports, ESPN, CBS Sports, and Fox Sports – by very wide margins. The Company has offered the Hotbox Sports® Product for fantasy sports to a user base that the Company believes can be highly attractive to advertisers.
As of January August of 2013, Hotbox Sports is the largest developer of team-based contests for professional sports teams in the US. The Company has agreements in place with 50 teams across seven sports and three continents.