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SOLOMON STEPS DOWN AS PROSERV PRESIDENT, TO HEAD NEW SHOP
Published March 31, 1995
ProServ Chair & CEO DONALD DELL and President JERRY SOLOMON announced yesterday the creation of P.S. StarGames, a joint venture between ProServ and Solomon. Solomon will serve as Presidenty & CEO of P.S. StarGames, while remaining an active Director of ProServ. Dell will chair the new partnership. According to a ProServ release, P.S. StarGames will initially focus on producing events for TV and other media technology. The company begins operation with properties including "Halloween on Ice" and the "King of the Beach Invitational" volleyball event. Dell: "While ProServ remains fully committed to sports representation, marketing and television business, I feel there is an opportunity to develop greater strategic synergy between the sports and entertainment industries in an effort to produce exciting inventory for the ever-expanding multimedia universe." Solomon: "Our charter is to be on the cutting edge of where the worlds of sports and entertainment meet" (ProServ). The WASHINGTON POST reports that P.S. StarGames will represent Solomon's "most famous client," NANCY KERRIGAN, in addition to volleyball stars KARCH KARALY and KENT STEFFES. Dell said the announcement "bears no resemblance" to DAVID FALK's 1992 departure from ProServ, which featured Falk building his own firm around high-profile clients MICHAEL JORDAN and PATRICK EWING. Dell acknowledged that Solomon "had no equity stake in ProServ, and that Solomon and an investor group will own half of the new venture. ProServ will own the other half." Dell, on Solomon: "He's my partner now" (Paul Farhi, WASHINGTON POST, 3/31).