About Me
The Future of the SportsRiskIndex and the SportsFolio
March 31, 2009
Chris P. Rabalais
Crystal World Holdings, Inc. (CEO)
Crystal World Markets, LLC (CEO)
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
Dear Shareholders, Directors and Affected Parties:
Circumstances require that I resign my position as President and CEO of Crystal World Holdings, Inc. and Crystal World Markets, LLC effective March 31, 2009. I have decided to take this time to evaluate my current goals and investigate new opportunities. The company development has reached a point that my lack of industry credentials and corporate experience is likely a hindrance to progress. I fully expect this to become an issue to future funding partners. As well, I expect they will wish to install members of their own team to help ensure success and protect their interests. I completely understand this and would do the same thing in the "other man's shoes". As a stakeholder, I want nothing more than success for the project in whatever form that takes.
I do believe that CWH/CWM and the SportsRiskIndex have the ability to catalyze an entirely new and exciting global financial industry. Properly developed and operated, this industry will provide benefits to every segment of the market it touches. It will fuel corporations and Governments around the world. It will be a "safe cigarette" for the gambler and a financial lottery for municipalities, states/provinces and national Governments alike. And, on top of all of this, it will be an incredibly lucrative and positively thrilling enterprise to operate and watch grow.
For more than 7 years, I have been completely and passionately engaged in the process of developing the sports stock market concept from pen and paper to patent. The professional challenges placed before me exceeded all other experiences in the past combined. For that education, I am eternally grateful. I will always cherish the memories of this endeavor. I wish the new CEO and management team success with the future of this enterprise. At the core, I am an idea man. I live in a world of endless creative possibilities. My true joy comes from dreaming these up and following the path to see where they lead. Most of them do not find their way outside my head, some make it to paper (or the computer files) and even fewer are actually shown or explained to anyone. Of those that make "the final cut" for examination by others, some are great,
some are mediocre and some are just plain awful. It is this sifting process that endlessly fascinates me and makes me feel alive.
If I may be of assistance during the transition, I will gladly make myself available for this effort. I would be happy to provide my input or participate in any form requested by the new CEO and Board of Directors. I will leave those decisions to their best judgment.
Thank you for allowing me to serve in this critical role during such a vital period in the development of a new universe in financial instruments.
Sincerely,
Chris P. Rabalais
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