NetworkNewsBreaks – CoolEvents Files Lawsuit Against Obstacle Racing Media Seeking $500,000 for Lost Revenue

CoolEvents, the nation’s largest experiential event company, on Tuesday announced the recent filing of a lawsuit against Obstacle Racing Media (“ORM”) and its proprietor Matthew B. Davis in the Arizona Superior Court. Following a change of venue for a Terrain Race in July, Davis published that the “venue had been canceled,” causing many to think that the event itself had been canceled. The company estimates that false and misleading information regarding CoolEvents published on ORM’s website and blogs, as well as other social media platforms by Davis, caused more than $500,000 in lost potential revenue. “In the participatory athletics space, significant revenue can be lost due to opportunistic and predatory bloggers like Davis, whose potential reach is in the hundreds of thousands across all platforms,” CoolEvents CEO Bill Spata stated in the news release. “We hope that our stand helps protect the entire endurance space from organizations who seem to favor companies that give them money while attacking the ones who do not.”

To view the full press release, visit http://nnw.fm/g2UYs

About CoolEvents, LLC

CoolEvents, LLC offers a variety of unique, experiential running and obstacle events that attract thousands of participants who share a passion for running and helping others. The company is in the middle of the 2019 event season that will see in excess of 150 events over six national tours. These include: Terrain Race, the country’s fastest-growing obstacle course race; Bubble Run, the largest daytime 5K run in the country; Blacklight Run and Foam Glow, the largest night-time glow runs in the country; and Blacklight Slide, the world’s only five-story-high waterslide with neon glowing water. The company recently added Muddy Dash, a new muddy fun run tour, to its schedule. CoolEvents supports childhood cancer awareness and has donated more than $5 million since inception to children’s charities including Phoenix Children’s Hospital/Children’s Miracle Network. 2019 saw one dollar from each registration going to the company’s official charity partner, 1Wish, whose vision is “to assist as many families and communities in delivering that 1Wish for a child with a life-altering illness.” For more information, visit the company’s website at www.CoolEvents.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]