ProElite Will Live Again!
by Kelvin Hunt on Feb 24, 2010 4:00 PM EST
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PrintPress Release:
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Stratus Media Group, Inc. (OTCBB:SMDI - News), a live entertainment company, announced today that Stratus has assumed control over the board of directors and the management of ProElite Inc. (Pink Sheets:PELE - News), an entertainment and media company involved in the promotion of mixed martial arts (MMA).
"This acquisition allows Stratus and ProElite to combine forces at the management and board levels of both organizations," stated Paul Feller, President and CEO of Stratus. "ProElite has a globally recognized brand. We believe that by combining select key experienced management executives, who made ProElite the immediate success it was, with new top executives with demonstrated successes in conducting and televising MMA events internationally and sufficient capital, that we will achieve the brand’s strategy for global growth and success. With this combination, we can start focusing on strengthening and repositioning ProElite events and the brand, planning a series of MMA events that we believe will bring excitement to the MMA market, fans and our shareholders and establish ProElite as a leading international MMA company."
Come on. Really? ProElite has a globally recognized brand since when? You all know I keep it real around these parts. Stratus Media might as well save their time and money.
HT: Yahoo Finance
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seth petruzelli starts off as heavyweight champion. it's only fair.
I'm all about covering the spread and moneylines. I was building a house, I don't deserve this, deserves have nothing to do with it. Bang. "Unforgiven" I drink your milkshake. I drink it up! "There Will BE Blood"
by wolfmanshowlforever on Feb 24, 2010 4:28 PM EST reply actions
They are a globally know failure of a brand.
That counts, right?
@fjbar on twitter...formerly El Mexicutioner
by _Felix_ on Feb 24, 2010 5:27 PM EST reply actions 1 recs
![From MMAJunkie.com:
Strikeforce heavyweight and former NFL great Herschel Walker (1-0 MMA, 1-0 SF) suffered a deep cut in training and has been forced to withdraw from next month's "Strikeforce: Henderson vs. Babalu" event.
Strikeforce officials today confirmed the change with MMAjunkie.com (www.mmajunkie.com).
Featuring a light heavyweight matchup between Dan Henderson and Renato "Babalu" Sobral, "Strikeforce: Henderson vs. Babalu" takes place Dec. 4 and airs on Showtime.
"I feel terrible about this," Walker stated in today's official release. "I know things like this happen in all sports, but I had trained very hard and was excited to be returning to the cage again."
Walker had been expected to face one-time WEC veteran Scott Carson (4-1 MMA, 0-0 SF).
According to Strikeforce officials, a Daniel Cormier knee strike opened a "deep cut under [Walker's] left eye that required multiple stitches"...
Despite the setback, Walker said he hopes to return to action quickly.
"I hope to fight again as soon as the cut heals," Walker said.](http://cdn3.sbnation.com/fan_shot_images/161814/herschel-walker-2_small.jpg)
Certain photos copyright © 2012 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
