Company Profile For Sports Properties Acquisition Corp.

Sports Properties Acquisition Corp., is a blank check company. The Company was formed to acquire, through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination, one or more businesses in the sports, leisure or entertainment industries. During the year ended December 31, 2008, the Company was not engaged in any operations nor generated any substantial revenues. The Company is not engaged in, and would not engage in, any substantive commercial business for an indefinite period until a business combination is completed.

BRIEF: For the nine months ended 30 June 2009,Sports Properties Acquisition Corp.'s revenue totaled $126K down from $3.3M. Net loss totaled $1.8M vs. an income of $1.4M. Revenues reflect decreased interest income. Net loss also reflects an increase in professional fees, increased insurance expense, presence of franchise tax expense, higher organization costs and other operating expense and an increase in legal expense paid to related party.