"We've have reserved the names and hope this month to incorporate and capitalize SUN Sports Inc., SUN Entertainment Inc. and
SUN Investment & Finance Inc., each to be wholly-owned by SUN Sports and Entertainment Inc.," said Mr. Scambler.
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SUN Sports and Entertainment Inc.
THE one stop for ALL your World Championship Sports & Entertainment Events. ( SUNR)
Sports & Entertainment, Inc. (OTCPK: SUNR)
Sports & Entertainment, Inc. is a Professional Mixed Martial Arts Event Production and Promotion Company specializing in concept-driven MMA events. SUN is a Certified and Licensed Combative Sports Promoter that produces World Class MMA Events under the brand, Art of War.
SUNR is a professional Sports and Entertainment company dedicated to delivering high energy combative mixed martial arts and boxing events to the millions of fans world wide. Today, SUNR has planned for multiple events scheduled to be produced and showcased in select cities - internationally . SUN events can be seen on HD Net, Pay Per View or on DVD. We encourage you to "Tune in - Turn on" and enjoy the show.
SUN produces, promotes and operates world class international combat sports events in Mixed Martial Arts (MMA) to capitalize on (according to Newsweek Magazine "the fastest growing sport in America"). SUN produces its brand under the banner of “Art of War” that showcases pound for pound fighters from around the world that compete for the coveted World Championship Belt. SUN produces events that are rated and sanctioned by the International Fighters Association (IFA) a non-profit organization incorporated under the laws of Luxembourg. SUN will also be involved in the production and promotion of World Championship Boxing Events, showcasing some of the nations top tier fighters, former Champions and up and coming new breed of fighters. SUN events are shot on High Definition (HD) and broadcast on HDNet. SUN will also showcase certain of its events on Pay Per View which is negotiated on an event by event basis.
SUN License Opportunity
SUN is seeking strategic relations for the expansion of its global business model. If you are an individual or organization that is interested in hosting and or co-producing a Mixed Martial Arts (MMA) or Professional Boxing Event in your local or foreign market - we welcome your inquiry . SUN has a complete turnkey plan that can deliver a total package to include; Fighters, Media, Sponsors, Merchandise, Broadcast Rights and other residual income opportunities. If you ever dreamed of becoming a fight promoter, producing fights or owning a fight - SUN wants to meet you.
Mixed martial arts is one of the world’s fastest-growing combat sports entertainments. The sport is extremely popular with males between the ages of 18 and 34 and is a preferred entertainment of the high tech generation. Because of the audience demographics, the sport is attracting a growing number of advertisers interested in reaching this elusive target audience. Industry sources estimate the potential market for mixed martial arts events currently approaches $1 billion. The sport is presently dominated by privately-owned Ultimate Fight Championship.
Aggressive International Expansion
SUNR is rapidly expanding its global footprint through strategic partnerships and licensing agreements with groups interested in becoming part of one of the world’s fastest-growing sporting events. The Company offers business concepts for hosting events or works with partners to jointly produce mixed martial arts or professional boxing events both nationally and internationally. In addition, SUNR offers event package deals, which include top-ranked fighters, large-scale media coverage, assistance merchandizing the Company’s branded product at the event, broadcasting rights and associated revenue-generating services. SUNR may also form alliances with broadcasting companies to air their events on a Pay-Per-View basis.
• Mixed Martial Arts is one of the fastest growing sport in the world
• SUNR owns two fight labels, Art of War and MANO-A-MANO
• Art of War is a non-demographic specific label and has produced 4 successful PPV events
• MANO-A-MANO is a label targeted at the Hispanic demographic
• The Hispanic demographic is the largest in the world and the fastest growing in the U.S.
• The globalization of sports has expanded the potential audience and introduced cross border popularity.
• Newsweek Magazine deemed mixed martial arts as “the fastest growing sport in America.”
• SUN management has been involved in the sports and entertainment business for more than 25 years, and has developed events for Major League Baseball, the NFL, the NHL, the NBA, the PGA, and World Cup Soccer.
• SUN has produced events that have been featured on NBC, ESPN, HBO, Fox, and Showtime.
• The nationwide MMA market is estimated to be $1 Billion with one primary player in the space, which is privately held and controlled by UFC (Ultimate Fighting Championship).
Sun Sports & Entertainment On ValueRich TV
SUN Sports and Entertainment Inc. Trading Suspension Lifted
Company to Add Two Additional Directors, Engage Independent CPA Firm, Move Office and File Financial Statements in Effort to Renew Listing on Pinksheets
- Press Release
- Source: SUN Sports & Entertainment Inc.
- On 1:08 pm EST, Monday November 9, 2009
OKLAHOMA CITY--(BUSINESS WIRE)--SUN Sports & Entertainment Inc. (OTC: SUNR - News), a Mixed Martial Arts (MMA) event promotion company, announced today that the 10-day trading suspension imposed on the Company last month on October 21, 2009, has expired.
Last Friday, Bruce Scambler, a Company Director and spokesman, said, “We have provided FINRA and the SEC with the information requested and I’m happy to report that the suspension has been lifted, however the Company will trade on Grey Market until we file the appropriate application with FINRA for relisting on Pinksheets. In the interim we have continued to take strategic steps to further our plan of restructuring to transform the Company into a sports and entertainment holding company, as announced in our September 14, 2009, Press Release. We now have two new Directors who have agreed to join me on the Board, Mr. Fred Graves Luke and Mr. Donald Lake, neither of whom has had any prior involvement with the Company or business relationships with any of the former officers and Directors of the Company, and we intend to engage the independent CPA firm to prepare unaudited 2008 and 2009 financial statements in accordance with GAAP before posting them with Pinksheets.
“We’ve have reserved the names and hope this month to incorporate and capitalize SUN Sports Inc., SUN Entertainment Inc. and SUN Investment & Finance Inc., each to be wholly-owned by SUN Sports and Entertainment Inc.,” said Mr. Scambler. “The SUN Sports Inc. subsidiary, once the Sports Promotion License can be transferred, will attempt to resume its Mixed Martial Arts promotion activities, SUN Entertainment Inc. will hold the Company’s Film Library and Trademarks and pursue Licensing opportunities, and the SUN Investment & Finance Inc. subsidiary will initially focus on action sports investments and financing opportunities.”
According to Mr. Scambler, the formation of the SUN Holdings Inc. subsidiary, intended to serve as the vehicle for the Company’s planned expansion of its Mixed Martial Arts fight promotion activities into foreign markets, is on hold. “Going into foreign markets at this time, with everything else that we are dealing with right now, is premature,” said Mr. Scambler. “Our immediate attention needs to be on the completion of updated financial statements, the re-listing on the Pinksheets and the relocation of its new subsidiary in organization, SUN Sports Inc., in the Dallas area, and the Company and the other subsidiaries in organization, to new offices in Nevada, California and here in Oklahoma. In the interim SUN Sports and Entertainment Inc. will continue to maintain its principal office at 1300 N. Penn. Avenue, Suite 150, Oklahoma City, Oklahoma 73120.”
Commenting on the recent suspension of trading in the Company’s stock, Mr. Scambler said, “The apparent reason for the 10-day suspension seems to the result of increased public interest and trading in the Company’s stock following announcements made over the last twelve months. I also believe that certain events over the last year relating to litigation and disputes involving the Company, which could have an adverse impact on the Company’s financial condition, need to be addressed now to put an end to the rumors and possible investor confusion. First, last July, the Company did not get its expected dismissal of the 2008 lawsuit between the Company, as Defendant, and Mr. Buckeye Epstein, as Plaintiff, over a $16,000 Employment Agreement dispute as it was continued is now set for Trial in February 2010. Secondly, the Company is currently attempting to settle a $500,000 loan made to the Company related to the Art of War 3 - USA vs. Brazil fight. Lastly, there are two recent disputes which do not yet involve the Company in litigation: first, a Notice to Vacate issued to the Lessee of the office space in Addison, Texas, which the Company formerly sub-leased as its principal office, and secondly, a recent dispute with a private equity investment firm over an agreement which allegedly closed in November 2008, resulting in the Company issuing shares of its Series A Convertible Preferred Stock and $1,450,000 of 14% Convertible Promissory Notes in exchange for a $5,000,000 equity investment which the Company never received.”
Commenting further Mr. Scambler said, “In addition, the Company may have an issue relating to an agreement with Dish Network for the purpose of re-broadcasting the Company’s Film Library using its wholly-owned subsidiary, Sports Radio Event Network, Inc., which may now have to be terminated unless Sports Radio can obtain the necessary working capital. And, as a point of clarification, in the September 14, 2009 press release the firm of Tatum LLC was reported as being ‘terminated’ when it actually resigned from its engagement for lack of payment.
“As previously stated in the September 14, 2009 press release, our restructuring plan is very ambitious,” said Mr. Scambler, “but achievable provided we have the support of our vendors and lenders, and the required working capital financing. To date however we have not been able to attract sufficient working capital to pursue the whole of our planned activities as aggressively as we had hoped. As a result I would like to forewarn those who may be considering buying the Company’s shares in the future: an investment in the Company’s shares at this point in time must be considered highly speculative.”
SUN Sports & Entertainment to Restructure for Expansion
As of 3:28 PM ET 9/14/09
SUN Sports & Entertainment Inc. (PINKSHEETS: SUNR), following the July 31, 2009 resignation announcement of CEO CJ Comu, the company has moved quickly to effect a restructuring to allow for an aggressive expansion plan created by Director Bruce Scambler (a British and American dual national) and Global Market Advisors Inc., an independent Newport Beach, CA advisory firm specializing in multi-national mergers and growth strategy for established businesses in the Hospitality, Entertainment and Gaming Management industries.
Last month, in rebuilding the company's Board and management team, Mr. Gentry, who was President and Chairman, together with Mr. Coe, Chief Operating Officer and Director of SUN, announced they would be stepping aside in favor of the new Board and management team which is being assembled by Mr. Scambler, SUN's remaining Director and officer. Mr. Scambler reported that the new Board will be bringing more international experience to the management team. "We are now at the beginning of the end of the restructuring," said Mr. Scambler. "This plan is ambitious, I must admit, but achievable provided we have the support of our shareholders and lenders, and the required working capital financing."
According to Mr. Scambler, the company intends to restructure so that SUN Sports & Entertainment Inc. will continue as a publicly held holding company with industry-specific U.S. subsidiaries, SUN Sports Inc. -- holding the U.S. license to the SUN brands, "Art of War" and "Mano-a-Mano," will focus on the branding, franchise and sponsorship aspects of the company's historical Mixed Martial Arts (MMA) and UFC-type fight MMA promotional activities. SUN Entertainment Inc. -- (assuming the role of placement agent and distributor of all SUN managed events) will leverage the company's extensive relationships expanding a proposed company owned on-line "Pay Per View" format, video games and merchandizing. Additionally, according to Mr. Scambler, the company is in the process of expanding the business scope to include combination events linking together the best integrated entertainment events spanning hospitality, event entertainment and gaming management. This expansion will require forming additional subsidiaries, including SUN Investment & Finance Inc., which will cover casino and gaming expansion and a foreign subsidiary -- Sun International Holdings Inc. -- which Mr. Scambler envisions holding the company's interest in its planned expansion into the U.K., Western to Eastern Europe, China, South Korea and other Australasian Markets. Mr. Scambler, who has extensive experience working in the U.K. and Europe, explained that the U.K. is one of the largest UFC and MMA fight markets in the world and offers SUN the opportunity to gain significant market share in this exciting and growing market.
Mr. Scambler, a CPA in the US and a Chartered Management Accountant in the U.K., as part of the restructuring ended the external CFO role being provided by Tatum LLC. Our focus, explained Mr. Scambler, needs to be more on the future Global opportunity, not the historical local market. Global Market Advisors Inc., which joined the company earlier this month, will provide just that spark and efficient systemic approach to enable us to proactively secure these international opportunities. According to Mr. Scambler, the company has been able to formulate and is commencing implementation of what it believes will be a successful domestic export and international growth strategy which should rebuild shareholder value and establish the company as a leader in the international expansion of this new and fast growing MMA and UFC fight industry.
SUN Sports & Entertainment Inc. (SUNR) is professionally sports and entertainment company that produces Mixed Martial Arts (MMA) Events. SUN owns the following MMA Brands; Art of War (www.artofwarLIVE.com) Underground Cage Fighting(www.undergroundCAGEfighting.com) USA Mens National Team (www.teamUSAmma.com), Steele Cage Promotions (www.steelecage.com) and the International Fighting Organization. SUN also formed the International Fighters Association (www.ifapro.com) a non profit that ranks and rates professional MMA fighters based out of Luxenburgh. SUN events are broadcast to millions viewers across the globe via cable and satellite televisio
Regarding Share Structure as Posted at www.Pinksheets.com -
Routh Stock Transfer,
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Plano, Texas 75024
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Here is what I have found for Contact Information.
CONTACT: SUN Sports & Entertainment Inc.
Mr. Bruce Scambler,
principal office at 1300 N. Penn. Avenue, Suite 150, Oklahoma City, Oklahoma 73120
FOR SEC FILINGS: