August 21, 2007
All IPT World Open Players & IPT 2007 Tour Card Qualifier Participants
Dear All,
This letter is to give you some updates on the IPT and final prize money payment details.
First, all players in the IPT World Open Championship will receive continuing payments of their prize money on or about September 15th, October 15th, November 15th, and December 15th, 2007. You will be paid in full by the last payment on December 15th. I sincerely appreciate your letters and telephone calls of support and encouragement over the last year. We will all be very happy when you are all paid in full. When this happens, I will be proud to say that the IPT has paid out over $6 million in prize money to professional pool players. No organization in history has paid out so much added prize money to pool players. It continues to be our goal to continue the IPT and produce events for players who are paid substantial prize money and who can earn a great living doing what you all love to do…shoot pool!
For All Players Who Participated in the IPT Tour Card Qualifying Tournaments
The IPT business model is being modified in a substantial way. We do intend (although there are no guarantees) to sponsor tournaments starting in 2008. However, due to the fact that the 2007, 2008, and 2009 schedules will be different than those that we represented previously, the IPT is going to initiate the following action steps for you, the players who participated in the qualifying tournaments:
For all those players who came in first or second, the IPT is going to give you a 100% refund of all your entry fee money. This refund will be paid to you in six monthly installments starting September 30, 2007. Because of your success in the tournaments, you will also be given free entry into all (if any) IPT tournaments through the end of 2013.
For all players who entered a 2007 Tour Card Qualifying Tournament and didn’t come in first or second, the IPT would like to extend to you two options:
You may request a full refund of all of your entry fees payable in six monthly installments starting September 30th, 2007. If you choose to enter any upcoming IPT tournaments (if any), you will be required to pay the appropriate entry fee at that time.
If you choose not to receive a refund of your entry fees, the IPT will give you free entry in all (if any) IPT tournaments through the end of 2013.
Please think about which option you will choose- option 1 or option 2. In the coming days, you will be emailed a form to fill out and return to the IPT indicating your choice. I sincerely appreciate your enthusiasm and commitment to the IPT by participating in these qualifying tournaments. Although the IPT has gone through a major transition, it will always be my intention to make sure that you, the players, are treated fairly, and given first priority. We are committed to you.
The Future of the IPT-
We are close to having a fully revised business model for the IPT. We will be giving you more details in the coming months. The IPT office has been instructed to send out an email every two weeks with updates and answers to questions that are commonly being asked. This will start in September and hopefully will help to keep you up to date on the IPT as we prepare to re-launch the tour.
There are two formats that we will be pursuing:
One-on-One live matches broadcast on the IPT website. By the end of this year, the IPT will start having live one-on-one matches broadcast on the IPT website. These will be heads-up matches with long races consisting of great players and match-ups, with a couple of twists of course. These matches will be broadcast on the IPT website and available for viewing all over the world to paying members of the IPT web site. These matches will have live commentary. They will be archived and available for viewing at any time in the future to members of the IPT web site. We intend on investing substantial resources in advertising these matches through various media outlets such as television, newspapers, magazines, radio, and the Internet.
Future Tournaments- the IPT does intend on having large tournaments in the future. It is our intention to have an IPT 2008 World Open 8-Ball Championship! We intend on having all the prize money held in escrow by a well respected accounting firm available for verification by all players. This event will be broadcast in the highest quality, live on the IPT web site. Selected matches from this tournament may also be broadcast on TV media outlets as the IPT has done in the past.
I want to personally thank the vast majority of players for their overwhelming support and encouragement. It would be very easy to throw in the towel and simply say that the IPT business venture did not work. However, my love for pool and my strong desire to see the players elevated to a high level both financially as well as in respect from the sports community has given me the motivation to take the heat and continue to press forward. Nothing would please me more than in the next few years to see the IPT in full swing all around the world. It has been said that the success of the man is not determined by how high he climbs, but rather by how high he bounces when he hits the bottom! Failing in business is common. Stumbling, falling, and hitting the bottom is also common. What is not common is to see a man get up and fight again. There are no guarantees for the future and where the IPT will go, only time will tell. What is guaranteed is that there are dedicated people at the IPT whose persistence, determination, and vision for its success is unwavering.
Hopefully in the next few weeks, we will be giving you updates on the first of many one-on-one heads-up matches that will be broadcast on the IPT web site. Thank you again for your support, patience, and many words of encouragement.
Very truly yours,
Kevin Trudeau
Founder, IPT
All IPT World Open Players & IPT 2007 Tour Card Qualifier Participants
Dear All,
This letter is to give you some updates on the IPT and final prize money payment details.
First, all players in the IPT World Open Championship will receive continuing payments of their prize money on or about September 15th, October 15th, November 15th, and December 15th, 2007. You will be paid in full by the last payment on December 15th. I sincerely appreciate your letters and telephone calls of support and encouragement over the last year. We will all be very happy when you are all paid in full. When this happens, I will be proud to say that the IPT has paid out over $6 million in prize money to professional pool players. No organization in history has paid out so much added prize money to pool players. It continues to be our goal to continue the IPT and produce events for players who are paid substantial prize money and who can earn a great living doing what you all love to do…shoot pool!
For All Players Who Participated in the IPT Tour Card Qualifying Tournaments
The IPT business model is being modified in a substantial way. We do intend (although there are no guarantees) to sponsor tournaments starting in 2008. However, due to the fact that the 2007, 2008, and 2009 schedules will be different than those that we represented previously, the IPT is going to initiate the following action steps for you, the players who participated in the qualifying tournaments:
For all those players who came in first or second, the IPT is going to give you a 100% refund of all your entry fee money. This refund will be paid to you in six monthly installments starting September 30, 2007. Because of your success in the tournaments, you will also be given free entry into all (if any) IPT tournaments through the end of 2013.
For all players who entered a 2007 Tour Card Qualifying Tournament and didn’t come in first or second, the IPT would like to extend to you two options:
You may request a full refund of all of your entry fees payable in six monthly installments starting September 30th, 2007. If you choose to enter any upcoming IPT tournaments (if any), you will be required to pay the appropriate entry fee at that time.
If you choose not to receive a refund of your entry fees, the IPT will give you free entry in all (if any) IPT tournaments through the end of 2013.
Please think about which option you will choose- option 1 or option 2. In the coming days, you will be emailed a form to fill out and return to the IPT indicating your choice. I sincerely appreciate your enthusiasm and commitment to the IPT by participating in these qualifying tournaments. Although the IPT has gone through a major transition, it will always be my intention to make sure that you, the players, are treated fairly, and given first priority. We are committed to you.
The Future of the IPT-
We are close to having a fully revised business model for the IPT. We will be giving you more details in the coming months. The IPT office has been instructed to send out an email every two weeks with updates and answers to questions that are commonly being asked. This will start in September and hopefully will help to keep you up to date on the IPT as we prepare to re-launch the tour.
There are two formats that we will be pursuing:
One-on-One live matches broadcast on the IPT website. By the end of this year, the IPT will start having live one-on-one matches broadcast on the IPT website. These will be heads-up matches with long races consisting of great players and match-ups, with a couple of twists of course. These matches will be broadcast on the IPT website and available for viewing all over the world to paying members of the IPT web site. These matches will have live commentary. They will be archived and available for viewing at any time in the future to members of the IPT web site. We intend on investing substantial resources in advertising these matches through various media outlets such as television, newspapers, magazines, radio, and the Internet.
Future Tournaments- the IPT does intend on having large tournaments in the future. It is our intention to have an IPT 2008 World Open 8-Ball Championship! We intend on having all the prize money held in escrow by a well respected accounting firm available for verification by all players. This event will be broadcast in the highest quality, live on the IPT web site. Selected matches from this tournament may also be broadcast on TV media outlets as the IPT has done in the past.
I want to personally thank the vast majority of players for their overwhelming support and encouragement. It would be very easy to throw in the towel and simply say that the IPT business venture did not work. However, my love for pool and my strong desire to see the players elevated to a high level both financially as well as in respect from the sports community has given me the motivation to take the heat and continue to press forward. Nothing would please me more than in the next few years to see the IPT in full swing all around the world. It has been said that the success of the man is not determined by how high he climbs, but rather by how high he bounces when he hits the bottom! Failing in business is common. Stumbling, falling, and hitting the bottom is also common. What is not common is to see a man get up and fight again. There are no guarantees for the future and where the IPT will go, only time will tell. What is guaranteed is that there are dedicated people at the IPT whose persistence, determination, and vision for its success is unwavering.
Hopefully in the next few weeks, we will be giving you updates on the first of many one-on-one heads-up matches that will be broadcast on the IPT web site. Thank you again for your support, patience, and many words of encouragement.
Very truly yours,
Kevin Trudeau
Founder, IPT