LOUISVILLE, KY, June 19, 2007 - Blue Equity, LLC (www.blueequity.com) announced today the expansion of its worldwide division with the launch of SFX Worldwide Israel. The new office, located in the city of Tel-Aviv, Israel's business and entertainment hub, will be led by Shlomi Pe'er. SFX Worldwide Israel's chief focus will create opportunities for clients in Israel and for sponsors looking to enter the Israeli marketplace as well as providing athlete representation and event management services. The office also looks to serve as a conduit between many of Israel's top athletes and the Jewish community throughout the world.

Blue Equity chose to launch an office in Israel because of the country's tremendous athletic talent such as client Shahar Pe'er, the #15 ranked female tennis player in the World.  In addition, Israel has a rampant sports fan base, as illustrated by the numerous professional basketball and soccer franchises operating throughout the country. Despite this, SFX Worldwide Israel will be the first major sports marketing agency to be opened in the country

"The Israeli sports marketplace has tremendous potential, yet has gone relatively unnoticed by both sports marketing agencies and major brand sponsors looking to tap into the country's rabid sports base and vibrant economy," said Jonathan S. Blue, Chairman and Managing Director of Blue Equity. "In the same way that the American tech economy has found tremendous dividends investing in Israel, we look to do the same with sports."

"SFX's experience in the sports world is unsurpassed and I am incredibly excited to work closely with Ken Meyerson and the company's management team to help establish and grow the Israeli office," said Shlomi Pe'er, Director of SFX Worldwide Israel. "Israel boasts some of the world's most talented athletes, devoted sports fans and participants so we have a tremendous opportunity to open the Israeli sports economy to major brands looking to connect in the region." 

###

Blue Equity's holdings in sports are comprised of SFX Worldwide, Worldwide Football, Blackwave Sports, Humarks and Team Championship International (TCI).  Current clients include Heisman Trophy winner Reggie Bush, NFL Pro Bowlers DeAngelo Hall, Will Smith and Michael Vick, NBA All-Star Rasheed Wallace, top future NBA draft picks Joakim Noah and Corey Brewer, Australian, French and US Open Champion Justine Henin, US Open Champion Andy Roddick and No. 1 doubles team Bob and Mike Bryan. Media & Event properties include the US Open Tennis Championship, the French Open Tennis Championship, the Legg Mason Tennis Classic, numerous US-based ATP tournaments, Rock 'n Racquets, Hoop It Up, Let It Fly, Kick It, the Boston Marathon, EliteXC Mixed Martial Arts, the Superstars Competition, the AVP Beach Volleyball tour, Ice Wars, and the World Cup of Softball.  
www.sfxworldwide.com  www.blackwavesports.com  www.teamchampionships.com  www.humarks.com
  
Blue Equity, LLC is an independent, private equity firm based in Louisville, Kentucky. It is committed to actively investing growth capital and business expertise in enterprises with solid development potential. Blue Equity forms strategic partnerships with existing management teams and leverages its expertise and relationships to stabilize, strengthen and grow lasting value. Investment efforts and managerial expertise are focused on the operation of a global and diversified portfolio of business enterprises, including opportunities in media, publishing, sports and entertainment, financial services, real estate and international trade. Blue Equity is dedicated to helping businesses grow by accelerating opportunity and driving innovation to the marketplace. www.blueequity.com