WTC ANNOUNCES THAT SID FERNANDO HAS ACQUIRED STAKE IN COMPANY

by | 11.17.2010 | 12:47am

PRESS RELEASE


Sid Fernando, president of eMatings LLC, and Jack Werk, president of Werk Thoroughbred Consultants, Inc., the owner of eNicks, announced jointly Thursday that Mr. Fernando has acquired a stake in WTC, Inc., a privately held corporation controlled by Mr. Werk, and will assume an active role in management immediately.


WTC, incorporated by Jack Werk in 1988, is a leading pedigree consulting firm that pioneered the original commercial sire-line nick rating service that has been notably copied in recent years. Its Werk Nick Rating, however, remains the industry standard and is the most widely used nick rating service in the country. At present, more than 707 stallions are registered with eNicks—significantly more than the number of horses on any other commercial nick rating service. Click here for more information about WTC.


eMatings is a novel internet pedigree consulting service founded by Sid Fernando in 2009 that allows users to obtain pedigree analysis from a wide array of well-known pedigree experts for discounted fees. A former bloodstock editor and columnist at Daily Racing Form, Fernando is an internationally known pedigree writer and racing authority whose articles have appeared in leading thoroughbred racing and breeding publications around the world, including Owner-Breeder, Racing Post, The Thoroughbred Times, Thoroughbred Daily News, Turf Diario, and Pacemaker. His blog, Sid Fernando + Observations, is one of the most internationally read in the business, and he also is a private consultant to a select group of international breeders. Away from the business, he's a well-known New York youth travel baseball coach and scout. Click here to read a recent article about eMatings by Brad Cummings of the Paulick Report. Click here for more information about eMatings.


“Sid will continue to run eMatings as he always has,” said Werk, “but this will now give him an interest and role in WTC. I've been trying to get Sid to buy into WTC for years because of his international knowledge and contacts, and I'm thrilled that he's acquiring a significant stake in the company because he can expand it internationally right away. He's one of the sharpest pedigree guys in the business, and I've used him as a consultant over the last 10 years for my clients, to great success. Sid's integrity, knowledge—he was bloodstock editor of Daily Racing Form in the 1990s—and contacts will become huge assets to WTC, and I feel he's the person I'd like to eventually step in and run the company.”


“Jack and I have been friends since the late 1980s, and our mutual friend—the late Leon Rasmussen, the longtime DRF Bloodlines columnist—was instrumental in the early development of our relationship as writer and editor during the days when Jack published and edited the seminal Owner-Breeder magazine, for which I also wrote,” said Fernando. “Jack's older than I am—and wiser—and he was actually responsible for my leaving DRF years ago to spend time raising my two sons. 'You only get one chance,' Jack said, and I'm glad I listened. It's worked out that as I was ready to re-enter the business again full time a few years back, Jack was there. His company has been responsible for the infrastructure of eMatings—admin, billing etc.—so acquiring a stake in WTC, Inc., is really a natural progression of an existing relationship. I am looking forward to helping grow the company that he—along with others such as Roger Lyons and a loyal staff—has developed, while also continuing to develop eMatings, which has made quality pedigree analysis affordable and quickly available to breeders at all levels.”

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