Sponsor News Release August 2007
ICCF Champions League 2nd season prize announcement (final)
See original Sponsorship Announcement
For a WORD version of this document click here
Dear Champions League participants, officials
The second season of ICCF Champions League ended.
The 3rd season (2007-2009) with a record number of 260 participating teams is starting soon.
It is great that the League is making progress and the 3rd season attracted so many teams from different countries.
Sponsor of Champions League 2nd season IPV ("Investiciju portfeliu valdymas") and its managed fund "ZPR US Small Cap Value Fund" is delighted to announce successful results and significant increase of prizes.
The price of ZPR US Small Cap Value Fund share on official Champions League 2nd season end date May 1, 2007 reached 1728.63 USD. The price is up by 60 % from the start of championship! All monetary prizes of Champions League are by 60% higher than it was announced at the start date. Prizes were indexed to the performance of the fund.
ZPR US Small Cap Value Fund is up by 6.74% this year (on August 27, 2007). The fund also sponsors Baltic championships. For more details please visit Fund's website http://www.zprussmallcap.com/en/
Another managed fund (NSEL30 index fund) sponsoring Lithuanian correspondence chess events is up by 17.52% this year (on August 27, 2007). For more details please visit Fund's website http://www.indexfund.lt/en/
The initial prize fund of Champions league 2nd season was 5.000 USD. It was indexed to the performance of the fund. After 2.5 year battles the increased final prize fund of 8.000 USD will be distributed to the winners!
In case of ties money will be divided equally.
For more information on the investment selection process and investment style of the Fund, please visit the investment advisor's website at www.zprim.com.
We wish you success in the 3rd season of Champions League, good games and tournaments in the future!