FUNCHAL (Portugal), 13 October 2011 - Youthstream announces the signature of a new deal to bring the FIM Snowcross World Championships in Russia, something which has no precedent in history. The partners Investment Trade Bank and The Technical Sports Centre SEMIGORJE – the latter being one of the Bank’s investments - headed by Mr. Vladimir Gudkov and Mr. Valerij Kruglov respectively will cooperate with Youthstream to set up the venue of Semigorje to the highest World Championship standards already from 2012 and until 2015.

Being a Snowcross rider himself, Mr.Gudkov does support this sport 100%. Other than being set on preparing a wonderful venue, the Organizer will pay each entered European and North American rider travel indemnity, including freight. On top of that the organizer will pay significant bonus the top ten riders, these to be announced soon.

The Technical Sports Centre Semigorje is located close to the lovely Country Hotel Semigorje set up on the territory of 40 ha overlooking picturesque banks of the Volga river at about 400 kms from the capital of Russia.

Mr Luongo, the Youthstream President, said: 'Snowcross is a fantastic sport, very telegenic and very exciting for the riders and spectators, but still needs to become more well-known, for this reason it's important to go to the biggest country in the world which is one of the biggest market in the world with strong and trustful partners who love this sport.

I want to thank Mr. Vladimir Gudkov for his passion of Snowcross and the investment he is doing to support the riders. Thanks to our partnership (Youthstream for the Promotion and The Technical Sports Centre Semigorje for the local organization) we will certainly make a new and more attractive way to present Snowcross and together we will make the greatest event ever.'

The Chairman of the Management Board of Investment Trade Bank (OJSC “Investtradebank”) Vladimir Gudkov: “We are interested in Russia as a strong country, so business must actively support development of mass sports and healthy lifestyle in Russia, especially in the regions. Construction of new stadiums and skating rinks, sport grounds and tracks, development of physical culture and children sports will help us to breed a healthy nation. I am absolutely sure that today sport in particular is embodying a unifying power. Moreover, conducting world championships and spectacular competitions of international scale in Russia will contribute a lot to the further popularization of sport in our country, including technical sports”.


LINKS
Youthstream
InvestmentTrade Bank
FIM

Photo: From left to right: Gudkov, Kruglov, Rizzi - Youthstream Operations Director, Freimanis – President of Baltic Cup Foundation

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