Handicappers Feist,
Root eye merger

Mar 28, 2006 6:12 AM

The news that Wayne Allyn Root and Jim Feist may merge their sports handicapping operations begs the question: Where would you find a boiler room big enough?

Both organizations are known for aggressive marketing of their respective sports handicapping services.

Root’s GWIN is a publicly traded company that sponsors a TV show on the WGN network.

Feist is longtime host of Proline on USA TV, as well as the CEO of National Sports Services (NSS), which among other things publishes the Nevada Sports Schedule and various sports betting guides and handbooks.

So far, the two companies have only entered into a "nonbinding letter of intent" that delineates in broad strokes terms of the merger.

No price or valuation has been set, but it appears that NSS shareholders will receive GWIN stock, which on Monday was trading at $.05 on the OTC Bulletin Board.

Oddly enough, Root once worked as a Feist handicapper, but eventually quit and formed his own handicapping service.