SPORTTOTAL wins binding major contract

Cologne/Rio de Janeiro (ots) -

- Technical equipping of the Grand Prix racing track in Rio de
Janeiro
- Order volume in the lower double-digit million euro range
- Work to commence in 2019 and due for completion in 2020
- Formula 1, MotoGP and 24h Races ahead
- JR Pereira, CEO of RIO MOTORSPORTS, expects further opportunities

SPORTTOTAL AG has signed a binding agreement with RIO MOTORSPORTS
LLC, Arlington (US), for the technical equipping of a racing track
project in Rio de Janeiro (Brazil). SPORTTOTAL had already signed a
preliminary agreement back in August 2018. As already announced, the
anticipated order volume lies in the lower double-digit million euro
range for the first construction leg of the New Rio de Janeiro
Racetrack. SPORTTOTAL is expected to generate a typical double-digit
EBIT margin for its VENUES (international project) business and will
bear the cost of prefinancing. Work on the Rio de Janeiro racing
track is expected to commence in 2019 and is scheduled for completion
in 2020.

SPORTTOTAL prevails in the competition against large corporations

Grand Prix races are to take place again in Brazil as from 2020.
With this in mind, RIO MOTORSPORTS has signed a contract with the
Spanish Dorna Sports Group that represents MotoGP, among other
clients. In its VENUES business, SPORTTOTAL AG is responsible for
race control, the seamless video monitoring of the racing track,
timekeeping, a media distribution system, starting lights and
electronic flags, wireless connections, voice over IP and developing
the entire data network. RIO MOTORSPORTS and SPORTTOTAL have entered
into an exclusive partnership for this project. JR Pereira, Founder
and CEO of RIO MOTORSPORTS: "The approval for the construction of the
Rio de Janeiro racetrack and the MotoGP, Formula 1 and 24h Race going
to the tourist capital of Brazil represent a turning point in
Brazilian motorsport and a change to the modality in the world. This
transformation and openness to new perspectives wouldn't be possible
without the fundamental partnership with SPORTTOTAL. There is no
doubt that, being next to such a renowned company, we gain even more
respect in the whole world market. We are just in the beginning.
Soon, with the development of our sports park, we will open other
business fronts for SPORTTOTAL in Brazil." SPORTTOTAL-Manager Thomas
Hellemann, who can rely on the international licensed race directors,
racing managers, track safety experts as well as time keepers and
technical supervisors in his team: "We are proud to have won this
project in the competition against major corporations. Our high
degree of specialization and expertise are clearly paying off."

About SPORTTOTAL AG:

SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a
technology and media company on a growth path in the rapidly scalable
digital business with video platforms and communities (DIGITAL), in
the high-margin national and international project business (VENUES),
as well as in the live events business (LIVE). The company, which was
founded in 1979, operates a high-traffic portal with strong growth
for online sport videos and live streaming. The company equips
amateur football clubs with special video technology which enables
sports events to be transmitted live in a high quality and fully
automatically using the new "sporttotal.tv" platform. SPORTTOTAL AG's
service portfolio also comprises the technical equipping of racing
circuits and sports facilities, as well as the production and
marketing of sports events such as the ADAC TOTAL 24-Hour Race at the
Nürburgring. In addition, SPORTTOTAL AG also produces content for
prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull and
VW and organises high-calibre live events such as the Porsche
Experience.

More information: www.sporttotal.com

Contact:

SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
www.sporttotal.com
Tel: +49 (0)221_7 88 77_ 0
Fax: +49 (0)221_7 88 77_ 199
info@sporttotal.com

Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel: +49 (0)177_7 21 57 60
weitzel@kommunikation-bsk.de

Original-Content von: SPORTTOTAL AG, übermittelt durch news aktuell