With this new investment, together with its strategic partnership
with Major League Baseball, the company is now poised to establish the most
exciting new multiple-platform sports network since ESPN debuted more than
25 years ago .

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In the four months since its launch, WCSN's online venture http://www.wcsn .

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"We are excited to be backing the first major sports network conceived in
the broadband era and envisioned from the outset to deliver premium content to
broadband, cable and satellite viewers . I'll be writing about this exciting
new network on my personal blog at http://www.vcmike.

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ERMII 's programs will be jointly developed and
taught by its members, including such esteemed educational institutions as
Carnegie-Mellon University, Georgia State University, Heriot-Watt University
(UK), the University of Illinois, the University of New South Wales
(Australia), University of Waterloo (Canada) and Wuhan University (China).

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Charlotte, Raleigh-Durham, and Princeton.

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com ) enjoys national
prominence for its corporate finance, securities, litigation, technology,
telecommunications, insurance, healthcare, environmental and real estate
practices. As part of the financing, WCSN will gain a new
board member, Michael Hirshland, a general partner from Polaris.

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Morris, Manning + Martin has offices in Atlanta, Washington, D.wordpress .com," said Hirshland.com
has already delivered over 300 hours of live and delayed event programming and
attracted thousands of paying subscribers across its network of over five
million unique visitors and over 100 million page views.

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Polaris Venture Partners, Pisces Fund and New Board Members Sign Up for
WCSN Duties

SANTA MONICA, Calif.

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"It's an honor to be on the ground floor of such an important
institution," said Tom Player, who heads Morris, Manning + Martin's insurance
and reinsurance group, which represents a wide variety of insurers ,
reinsurers, financial institutions and insurance agencies.

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ERMII's goals include:

- Developing and promulgating international standards for quantitative
risk education
- Creating an internationally recognized professional certification for
individuals specializing in the practice of enterprise risk management
- Promoting multi-disciplinary international research

The new organization includes a large, worldwide network of universities
and professional organizations., World Championship Sports
Network (WCSN), the first network devoted exclusively to showcasing the
world's best athletes in major international sports competitions from around
the world, today announced the closing of its Series B round of financing, led
by venture capital firm Polaris Venture Partners, and joined by the Pisces
Fund, a San Francisco-based private equity fund. This financing followed a
prior strategic investment by Major League Baseball Advanced Media (MLBAM),
announced in December 2005.

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The financing will enable WSCN to build on its remarkably successful
online launch to become a cross-platform broadband and linear cable sports
network.

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"This round of funding confirms that investors believe in our business and
the WCSN objective to deliver ongoing, seasonal offerings of the major
international sports to U. The programming has
featured major championship coverage including:

* Track and Field World Championships, Helsinki, Finland (26 USA medals,
14 USA gold)

* Rowing World Championships , Gifu, Japan (10 USA medals, 3 USA gold)

* Wrestling World Championships, Budapest, Hungary (6 USA Medals, 1 gold)

* Rhythmic Gymnastics World Championships, Baku, Azerbaijan

* Fencing World Championships, Leipzig, Germany (1 USA gold medal)

* Canoe/Kayak Slalom World Championships, Sydney, Australia

* Artistic Gymnastics World Championships, Melbourne , Australia (9 USA
medals, 4 gold)

* Skiing and Snowboarding World Cups

* Table Tennis Pro Tour

* Cycling World Cup and World Championship

For a comprehensive list of events and schedules, please visit
http://www.

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For more information on ERMII, visit http://www.
Morris, Manning + Martin, LLP ( http://www.

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Morris Manning + Martin LLP to Represent The Enterprise Risk Management Institute International Ltd. (ERMII)

ATLANTA , Morris, Manning + Martin, LLP has been
chosen as the legal advisor for a newly-created non-profit educational and
research organization in the field of enterprise risk management (ERM. "The ERM Institute
International, Ltd.

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"WCSN will deliver the most exciting
sports stories from around the world , showcasing the pinnacle of athletic
competitions.

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viewers across multiple platforms," said Claude
Ruibal, CEO and co-founder of WCSN.

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The
Casualty Actuarial Society and the Institute of Actuaries of Australia are
also charter members of ERMII.S.A.

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The ERM Institute International, Ltd . (ERMII) is dedicated to creating an
international educational program for enterprise risk management , and working
with member professional bodies to jointly establish a new professional
certification for those who successfully meet its standards.

World Championship Sports Network Closes Series B Finance Round

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