Updated PELE Pro Elite DD
PELE was totally silent for over a year.
Recently Pro Elite Was part of a 40 million dollar offer to Purchase strikeforce....
http://mmajunkie.com/news/22812/sources-ufcs-strikeforce-purchase-likely-hastened-by-other-interested-buyer.mma
The IR person on Pros facebook has also said news will come once the details are together
http://www.facebook.com/permalink.php?story_fbid=178449442199478&id=119993044711785#!/pages/ProElite/119993044711785
Several board posters have contacted Paul Feller for info. Confirming News will come when its ready.
The stock still has a 59 million OS and 250 mill auth... Not changed in over 3 years.....float is super, super low and tight This was a $18 stock that held a solid $2-5 range
This stock fell from a bankrupcy scare, that never happened 3 years ago. PELE never bounced due to company not holding events but they sold off assets that did not work and cleared debt. This article Bridges the gap between first ceo and current owners
http://sportsillustrated.cnn.com/2009/writers/josh_gross/02/06/chuck.champion/index.html
CBS/Showtime 20% Shareholders in PELE!
Must Watch*****Dana White "All these guys come out and raise money and say they are going to compete with me" CBS WILL TRY IT AGAIN !!!
it is 1/2 way in the video 2:11min he knows something and he let it slip !! Pro Raised money and CBS is a shareholder. Sounds like pro is back on CBS!
http://prommanow.com/index.php/2011/03/24/strikeforce-done-working-with-camo/
Important*****Frank Shamrock still a shareholder! This seems to say that he knows share price will recover.
"Shamrock acknowledged that he was, and still is, a shareholder in ProElite, EliteXC’s parent company"
https://www.fightlegendsclothing.com/blogs/?p=471
In March of 2011 Pro Elite was rumored to be the unsuccessful second bidder against the UFC in an attempt to acquire rival MMA promotion Strikefore. The offer was said to exceed 40 million dollars. Principals at Pro Elte immediately confirmed the companies intention to re enter the MMA live event promotional business as they had with the record breaking Kimbo Slice events on CBS. Rumors immediately began circulating that Pro Elite was targeted as a strategic acquisition by either the UFC or an unidentified third party investor wishing to enter the MMA promotional space. PELE.PK stock jumped from .01 per share to more then .20 per share in two days as investors realized the stock routinely traded at $15 per share while Pro Elite was promoting live events.
http://en.wikipedia.org/wiki/ProElite
Old Showtime Elite XC Website still up
http://www.sho.com/site/elitexc/home.do
http://www.sho.com/site/about.do
http://www.sho.com/site/sports/flash.do#/site/sports/sxc.do
It seems that showtime/cbs knew pele was going to comeback so they left the old website up
Chief Operating Officer
Mr. Kelly brings over two decades of entertainment and media operations and management experience to Stratus. Prior to ProElite, Mr. Kelly Co-founded Television Korea 24 Inc. (tvk24) in 2003, where he served as Chief Operating Officer. In 2001, Mr. Kelly joined the Extreme Sports Channel as Chief Operating Officer International and prior to Extreme Sports Channel,
Mr. Kelly held the following positions:
NBC Internet – Vice President and Head of International (San Francisco).
CNBC Asia - Vice President (Singapore)
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Turner Broadcasting International (Asia)– President (Tokyo)
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Long Term Credit Bank of Japan (Tokyo)
- Allied Irish Banks (Ireland)
http://www.businesswire.com/news/home/20100225005649/en/Stratus-Media-ProElite-Appoint-Chief-Operating-Officer
ProElite to Rise Again? Good Read!
When news broke of the UFC purchasing Strikeforce last week, one of the interesting aspects was the mention of ProElite (PELE.PK) as a bidder for Strikeforce. Other than a few minor press releases after the organization had been purchased by Stratus Media Group, the company had been totally silent. However, it now seems apparent that the company had been making moves behind the scenes during this “quiet” period.
When Stratus purchased ProElite in early 2010, the first announced actions taken were the hiring of certain key personnel from “old” Pro elite. These were largely the management from the old company that were responsible for the positive achievements the company had made.
Douglas DeLuca was appointed to the board of directors. His bio on the ProElite.com website highlights his achievements of having “negotiated and closed deals for ProElite with a number of media entities including Showtime Networks, CBS Television, Mark Burnett Productions, IMG, and Fox Sports Net.” He is also cited as having numerous accomplishments in the production of a variety of TV series, specials, and feature films. Mr. DeLuca can be a major asset in ProElite getting new television deals due to his prior experience within the industry
Glenn Golenberg was also added as a board member. His accomplishments include his involvement in “…the financial services industry since 1966 and been involved in transactions that have historically included mergers and acquisitions, initial public offerings (IPO’s), financial restructurings, venture capital financings, and leveraged buyouts (LBO’s).” Mr. Golenberg is likely one of the key players for ProElite in negotiating with Strikeforce and other potential acquisitions.
Keith Walner was hired as Senior Counsel/Vice President of Business & Legal Affairs. His experience includes “20 years of experience as an attorney and a business & legal affairs executive within the entertainment industry handling a wide range of matters for live sports and entertainment events, as well as media distribution for major network broadcast television, premium cable, satellite television, and pay-per-view distribution.” Among his duties for the company, “Mr. Walner oversees all company legal matters, including production, distribution, censorship, advertising, and rights clearance. He handles all content acquisition and licensing for all domestic and international events and distribution and manages the organization’s intellectual property rights.” Mr. Walner's expertise would seem to be essential in negotiating the legal aspects of new TV deals and other intellectual properties for the company.
Obviously, these individuals were brought on board for their specific skills and experience. This would seem to indicate that ProElite has some pretty high aspirations for the company.
Paul Feller (CEO of Stratus Media and Chairman of the Board for ProElite) has previously indicated his desire to produce international events. The company still owns rights to the Cage Rage and Spirit MC brands along with the EliteXC brand. Cage Rage produced quality fight cards in Great Britain for many years. Spirit MC had produced numerous event in S. Korea featuring mostly Asian talent. It will be interesting to see if ProElite revives these brands, goes with the old EliteXC brand, or starts a new brand.
ProElite was able to become debt free before the purchase by Stratus and produces revenue thanks to deals made by the old CEO Chuck Champion. When Strikeforce bought some certain assets of ProElite, part of the deal was that ProElite would get payments from Strikeforce for each event produced until as late as 2013. Mr. Champion also made an agreement with Terry Trebilcock to allow King of the Cage to become an independent organization once again. As part of the arrangement, KOTC would make payments to ProElite for a specific period of time.
It is known that CBS/Showtime had been a shareholder in ProElite as part of an arrangement with the old company and there hasn't been any indication that CBS ever sold their shares. Whether CBS has any influence with the new owners remains to be seen.
Since recent reports of ProElite attempting to purchase Strikeforce have indicated the company made offers for the purchase of Strikeforce of up to $40 million in value (cash and equity), it appears the company has access to the funding needed to relaunch the once major organization. The negotiations to purchase Strikeforce also explain the silent period after Stratus purchased ProElite since the company would have to be very careful about any information that could be released during that time due to SEC regulations and such.
There seems to be a huge opportunity in the world of Mixed Martial Arts now as the UFC's number one competitor (Strikeforce) is now under their control. At this point in time, there is no clear cut number two organization. If ProElite can relaunch with the kind of funding and expertise they seem to have available, it's possible they could once again become the major competitor to the UFC.
ProElite is based in Los Angeles, California. According to their website, the company's mission statement is: “To empower the MMA community by rebuilding and strengthening ProElite to earn the respect of fighters and fans alike, while ensuring thrilling live events that showcase the world’s leading fighters.”
http://www.investinmma.com/proelite-to-rise-again/
ProElite closes deal with Strikeforce ;
retires Showtime debt
ProElite, Inc. now substantially debt free
to develop ‘King of the Cage’ and other assets
Los Angeles, CA, February 5, 2009 – ProElite, Inc. (OTB:PELE.PK) said today that it has sold a portion of its EliteXC assets to
Strikeforce ® , its co-promoter for some of the biggest and most widely watched televised mixed martial arts (MMA) events on CBS and
SHOWTIME ® .
With the deal closed, ProElite has retired its entire debt obligation to Showtime and Showtime will remain a significant shareholder in
ProElite.Strikeforce ® is acquiring certain EliteXC fighter contracts and a library of televised EliteXC events.
“With the sale, ProElite can now operate substantially debt free,” said ProElite CEO Chuck Champion, “and devote more resources to
the development of our King of the Cage brand which founder Terry Trebilcock has managed profitably from its inception. Terry is one of the
most capable leaders in the MMA space. He’s staged hundreds of successful events and I’m confident that under his guidance King of the
Cage will continue to be a major force in the sport.”
Champion said that he was excited for the talented fighters that were part of EliteXC and are now joining Strikeforce. “Strikeforce is
a highly regarded producer of live events and it will no doubt create substantial opportunities for its new athletes,” he said.
“Getting to this point has been a long hard road and I’m grateful to Showtime, Strikeforce, the fighters and their managers for their
patience and their perseverance,” Champion concluded. “The company has managed its way through a very difficult time and it has done so in
a way that has built bridges rather than burn them. Everyone involved deserves a lot of credit for the outcome.”
Following the sale, ProElite will continue to own the EliteXC brand. Among ProElite’s other significant assets are a host of
international MMA brands such as Spirit MC, an extensive library of MMA events, and its community-driven interactive broadband
entertainment website. The company also is co-producing a new reality show with Mark Burnett, the visionary force behind reality TV in the
United States.
# # # #
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=6399677
some more DD
LOS ANGELES, Jul 10, 2009 (BUSINESS WIRE) -- ProElite, Inc. (OTB:PELE.PK) said today that it has closed a strict foreclosure agreement that
returns King of the Cage, the highly successful mixed martial arts brand, to its original owners Terry and Julie Trebilcock. With the agreement,
ProElite's outstanding debt to King of the Cage has been satisfied; and King of the Cage, under the leadership of founder Terry Trebilcock, again
becomes an independent company with control over its own extensive video library.
ProElite CEO Charles F. Champion said that the agreement closed today and that the financial and legal issues between the two entities have been
completely resolved.
ProElite retains a number of prominent assets including a host of international MMA brands such as Spirit MC, its community-driven interactive
broadband entertainment website, and an extensive library of MMA events. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=6700967
http://www.otcmarkets.com/stock/PELE/financials
$$$$$ income DD $$$$$
3.7 Additional Consideration . Subject to Section 8.7 below, as additional consideration for the purchase of the Assets from the
Sellers, Buyer hereby agrees that ProElite shall be entitled to receive [***] of the Showtime License Fees that Buyer receives from
Showtime (the “ ProElite License Payment ”) pursuant to the Explosion Showtime Agreement for the duration of the Explosion
Showtime Agreement. Buyer shall direct Showtime to pay the ProElite License Payment on Buyer’s behalf directly to ProElite at the same
time any Showtime License Fees are paid to Buyer, but if Showtime pays the ProElite License Payment directly to Buyer, Buyer shall pay
such ProElite License Payment received from Showtime to ProElite. ProElite is only entitled to the ProElite License Payment and is not
entitled to any other consideration received by or consideration paid to Buyer under the Explosion Showtime Agreement or under any
other broadcast agreement to which Buyer may be a party other than an Amended License Agreement (as defined below). This ProElite
License Payment shall only be payable to ProElite for the original term of the Explosion Showtime Agreement and any extended term as a
result of the exercise of any option (the “ License Term ”), which options only extend the License Term of the Explosion Showtime
Agreement to December 31, 2013. For clarity purposes, if the Explosion Showtime Agreement’s original term is until December 31, 2011
and Showtime extends the term for one additional year, then ProElite will be entitled to the ProElite License Payment from the aggregate
of the Showtime License Fee received by Buyer until December 31, 2012. Any separate agreement entered into by and between Buyer and
Showtime outside the Explosion Showtime Agreement shall not give rise to ProElite of any third-party beneficiary rights or any other
rights (monetary or otherwise) received under such separate agreement; provided , however , that in the event Buyer and Showtime, or any
of their respective Affiliates, enter into any successor, supplemental, amended or other agreement covering substantially the same licensing
rights as the Explosion Showtime Agreement with respect to any portion of the License Term (each an “ Amended License Agreement
”), (i) Buyer shall promptly advise ProElite of such fact and (ii) ProElite shall continue to receive for the duration of the License Term
aggregate payments, measured over a 12-month period, equal to the ProElite License Payment that would otherwise be payable under the
Explosion Showtime Agreement as if still then in effect during such 12-month period. For clarity purposes, if after December 31, 2013,
Buyer and Showtime enter into another agreement for the production of any mixed martial arts event, then ProElite shall not be entitled to
receive any further residual payments or other compensation, but if during the License Term Buyer and Showtime enter into an
Amended License Agreement, ProElite shall continue to have the right to payment of the ProElite License Payment or equivalent payment
pursuant to such agreement until the expiration of the License Term.
-11-
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=6399677
http://www.otcmarkets.com/stock/PELE/financials
Pro Elite Targeting August for Return; T. Jay Thompson & Rich Chou on Board as Executives
From the ashes a new promotion will rise.
Pro Elite, the parent company that once housed the promotion Elite XC, is on its way back and they’ve found a couple of MMA powerhouses to help run the show.
According to sources speaking to MMAWeekly.com on Monday, former ICON owner T. Jay Thompson and former Strikeforce matchmaker Rich Chou have been brought on board to run the show at Pro Elite.
Additionally, the promotion has targeted a late August date for their return to action, and they are currently scouting locations for the show.
Sources have also indicated that former UFC heavyweight champion Andrei Arlovski is one of a handful of fighters that have been in negotiations to fight for the organization when they return later this year.
During their previous inception, Pro Elite housed several top fighters while also closing a deal to put them on network television appearing on CBS.
The new ownership of the promotion is primarily under Stratus Media Group, which purchased the publicly traded company with intentions of bringing it back and now it appears they have the backbone of their organization lined up.
T. Jay Thompson returns to the MMA scene after working for Pro Elite previously, and he was also the owner of the former Hawaiian promotion ICON Sport. Thompson has a long standing history with MMA, and ran shows on the island for many years before moving on to work for Pro Elite.
Meanwhile, Rich Chou has also been a mainstay of the MMA scene for several years working as a referee as well as behind the scenes at the Hawaiian promotion ‘Rumble on the Rock’. Chou moved on to become the Strikeforce matchmaker before Zuffa purchased the promotion and opted to instill new employees to oversee the operation.
While the new Pro Elite is still working on securing fighters and a location for their first card, one area the could be a prime spot is Hawaii. Both Thompson and Chou have roots there and promotions like ICON and Rumble on the Rock thrived there for several years.
MMAWeekly.com will have more information on Pro Elite’s official return when it becomes available.
http://mmaweekly.com/pro-elite-targeting-august-for-return-t-jay-thompson-rich-chou-on-board-as-executives
The new CEO of ProElite explains to us how the company plans to be the number two MMA organization in the world
A few days ago while most of you were laying down bets for the second leg of the Strikeforce Heavyweight Grand-Prix, the Stratus Media Group secured 95% of the previously defunct ProElite. In the press release Paul Feller, the CEO of Stratus Media Group, proclaimed the organization had every intention to get back in the MMA arena. It was pretty intriguing stuff, so Elena Lopez tracked down the new CEO of ProElite to see what his plans are for the newly acquired franchise and she managed to snag this rather extensive interview. Enjoy.
Why the acquisition? What value do you see in the ProElite franchise?"Well we see a lot of value in the acquisition. We think it's a space that has a lot of upside potential. It's a growing market, one of the fastest growing sports on a global basis -- both television and on-side attendance wise. We thought it had a very specific demographic profile that we wanted to invest and build into. We have a well-established name worldwide, they have a wonderful library of previous events and we're looking to take that branding and that history, and rebuild the brand as a major player and we're looking to fill the number two spot that Strikeforce once held."
How long did it take you to acquire the company and what obstacles were presented, if any?"I wouldn't say there was any real obstacles. We definitely have taken our time. Our goal was that when we're ready to launch, we wanted to make sure we were prepared and do it properly and we believe we are there now."
You're a public company which means that you will have to fully disclose what's in the books, yet you will be competing with a private company that aren't necessarily forced to adhere to those guidelines. What are your plans for this?"Well I can't really comment who we're competing against. I can comment on our company which we're an aboveboard, publicly reporting company. We have multiple events, not just in the MMA space, but music festivals, concerts, film festivals, autoracing, autosports -- and we're going to extrapolate the benefits of media and sponsorship from all of our different properties and cross-pollinate them across all of our brands and all of our events including ProElite. That means leveraging our television relationships, our sponsorships and our merchandising partners. We have considerable resources to go into this and better the chances and the odds to make ProElite a large success. But I'm not in the position to make comments on what other companies are doing or not doing, that's not our place."
It appears your company has not reported to the SEC since 2010. It also appears the OTC Markets has issued a 'stop' sign on your stock. How are you going to address these issues moving forward. "Yes, that's correct. It's not the stock that had issues in trading. The DTC, which is the electronic side of trading had an issue. We're addressing those as we speak. We believe those will be lifted, they're unrelated to anything that has to do with ProElite. They have to do with another company which, unfortunately, ProElite was associated with from a macro level and it should never have an interruption on electronic trading. The company (PELE) is still trading. Because we're reporting to the FTC, we are currently getting what they call the quarterlies and the annual recordings up to speed and we believe that will be done shortly. We'll be fully reporting and fully trading in about three to six months."
It appears that you are trying to deliver a large block of stock to your new investment group. How are you planning on issuing these shares?"We're not in position to state that. Right now we've taken over 95% control interest in the company. We are financially invested in the company and when we're ready to make announcements then we'll do it at that time. We are a publicly reporting company and whatever we disclose we have to do it on a public nature and at this point we're not ready to disclose what this strategy is."
What assets does ProElite own that make the Stratus Media Group see value in investing in a defunct business as opposed to starting a new one? "Well there's a number of them. There's a large library. There's the intellectual property value. There's the historic staff knowledge, fighter relationships and the equity in the brand awareness which is world-wide."
When will the company file to get off OTC Markets? "That is a potential strategy for us. We're looking at a number of different options and that is one of the options to potentially look at -- to a larger filing like NASDAQ or an American Stock Exchange."
It's rumored that you offered $40 million for Strikeforce, can you clear this up?"I can tell you that we were in significant discussions to acquire a large portion of Strikeforce and it did not materialize."
So...what happened? "Well, it's well known that UFC came and acquired things."
What are your intentions with the new company? Who is your competition?"Well I think the obvious ones are, of course, Strikeforce and Bellator, I think everyone is waiting to see what they're going to do. But at the end of the day, I think our competition is yet to be determined to see who's going to fill that second-tier position that Strikeforce was doing quite a good job filling with a lot of our old fighters and our TV deal, so it's yet to be determined. I don't think there is anyone that's a major contender to the spot we're looking to fill. We certainly intend to be one of them, if not 'it'."
Are you planning on refreshing your CBS deal moving forward?"We certainly would love the option to. Whether it's available or not could be determined depending on what happens with the future of Strikeforce and UFC."
What will happen with the EliteXC and CageRage video libraries? "To be determined. We're still looking at that right now and trying to get our arms around it ourselves."
There aren't a lot of free agents available in MMA, how would you facilitate a healthy roster in ProElite?"Oh, I think that there is a tremendous amount of free agents and I think everyday it's growing. A number of major fighters are coming out the woodworks and I think, with anything in business, build a better mousetrap, offer a better service we will fill our own destiny to get top-ranked fighters in and we already are in major communications to get a number of them. So I don't see that being a hindrance or a barrier to anything."
In one year from today, where do you expect ProElite to be in comparison with the rest of the MMA world?"Well our hopes and our beliefs is that ProElite will be a major contender in the space and have a number of events operating under its belt already."
http://middleeasy.com/
Stratus Media Group concludes its acquisition of ProElite
Stratus Media Group, Inc. (OTCBB:SMDI), a live entertainment company, announced today that it has concluded its acquisition of ProElite, Inc. (PK:PELE), an entertainment and media company involved in the development, production, and promotion of mixed martial arts. Stratus now owns ninety five percent of ProElite.
“This acquisition provides the resources and abilities ProElite needs in order to focus on strengthening and repositioning its world class MMA fighting platform in addition to the brand itself,” stated Paul Feller, President and CEO of Stratus. “Under the new SMDI Action Sports Vertical, ProElite is launching a series of MMA events that will bring a new vitality to the business of MMA and reestablish ProElite as a leading international MMA organization.”
Founded in 2006, and running its first show in February 2007, ProElite quickly became one of the most visible brands in mixed martial arts globally. ProElite holds the record for highest ratings of an MMA event on a network telecast. The company maintains its ownership stakes in South Korean-based Spirit MC and British based Cage Rage. ProElite’s event strategy will continue its focus in both domestic and international markets, welcoming fighters across all weight classes to prove themselves in the cage. Details of ProElite’s upcoming events schedule, fight card, and management team will soon be announced.
http://www.mixedmartialarts.com/news/332632/Stratus-Media-Group-concludes-its-acquisition-of-ProElite/
News 
Market Data 
Discover 
. He went and hired two "big wigs" with HUGE MMA insider experience, T. Jay Thompson and Rich Chou! T. Jay is a huge "fighter seeker". He went and snatched up the former UFC heavyweight Andrei Arlovski and immediately put him under contract. Also grabbed a few more disgruntled UFC guys and signed them. Then started looking for the "up and coming" talent and grabbed UFC's superstar B.J Penn's younger brother, Reagan!! He will put fans in the seat just off of popularity, plus he knows how to fight ;) 
