In late 2009 it was announced that Stratus Media Group had purchased ProElite for $2 million. Now we’ve received word that Stratus Media has assumed control of the ProElite board and will look to bring relaunch the company in 2010. SANTA BARBARA, Calif.–(BUSINESS WIRE)–Stratus Media Group, Inc. (OTCBB:SMDI – News), a live entertainment company, announced […]
ProElite
ProElite Purchased for $2 million
Stratus Media Group, Inc. has announced that it has reached an agreement to acquire a 95% stake in ProElite, Inc. for $2 million. Stratus Media Group, Inc. (OTCBB: SMDI ), a live entertainment company, announced today that it has entered into an agreement to acquire a 95% interest in ProElite, Inc. (PK: PELE), a sports, entertainment and […]
Showtime Adjourns Public Sale of ProElite Property
NEW YORK (Nov. 14, 2008) – Showtime Networks Inc. has adjourned the previously announced public sale of personal property of ProElite, Inc. and certain of its subsidiaries scheduled for November 17, 2008. Showtime reserves all of its rights, including the right to further adjourn or cancel the public sale and thereafter dispose of such property in […]
KOTC Suspension Lifted
MMAPayout.com has learned that the California State Athletic Commission has released King of the Cage’s promoter’s license from suspension. MMAPayout.com first reported the suspension of ProElite and King of the Cage’s licenses on November 6. At that time CSAC Executive Director Armando Garcia told MMAPayout.com that “the primary reason that Pro Elite/Elite XC’s and King […]
Notice of Sale of ProElite’s Assets
Notice is hereby given that the Collateral (as defined below) will be sold by Showtime Networks Inc. (“Showtime”) at a public sale on November 17, 2008 at 10:30 a.m. (Pacific Standard Time) at the offices of Hughes Hubbard & Reed LLP, 350 South Grand Avenue, Los Angeles, California 90071. The term “Collateral” means all of […]