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Stratus Media Group, Inc. Announces Mike Dunleavy Sr. Has Joined Board of Directors
Brings Diverse Sports and Business Experience to Board
SANTA BARBARA, Calif.--(Business Wire)--
Stratus Media Group, Inc. (OTCBB:SMDI), a live entertainment company, announced
today that Mike Dunleavy Sr., general manager and head coach of the Los Angeles
Clippers basketball team, has joined the Board of Directors for the Company.
"Stratus has an exciting plan for continued worldwide growth within the live
entertainment industry," said Mike Dunleavy, Sr. "I am looking forward to being
part of the board and helping to keep Stratus moving in a successful direction."
Mike Dunleavy Sr. is the current head coach and general manager of the Los
Angeles Clippers, and currently ranks ninth among active coaches on the all-time
NBA victory list. Selected in the sixth round (99th pick overall) by
Philadelphia in 1976, Dunleavy played 11 seasons in the NBA with career averages
of 8.0 points and 3.9 assists in 438 games for Philadelphia (1976-78), Houston
(1978-82), San Antonio (1982-83) and Milwaukee (1983-85, 1988-1990). He began
his coaching career as head coach for the Los Angeles Lakers is 1990. He then
went on to coaching the Portland Trail Blazers and under his guidance the team
matched its second best victory total in Blazers history. Dunleavy earned the
1999 NBA Coach of the Year award. This season he coached his 1000th career game
and won his 500th career game.
"We are pleased to add Mike to our board of directors," said Paul Feller,
President and Chairman of Stratus Media Group. "The Company is prepared to roll
out its portfolio of live entertainment events and its Stratus Rewards VISA
White card program and Mike`s input and experience will be very valuable in
helping to guide Stratus Media Group in the years ahead as the Company grows."
http://www.reuters.com/article/idUS117946+15-Oct-2009+BW20091015
Hey Tom, I think you have provided a great assessment and I agree entirely! I believe Proelite complements Stratus's busy and business model and ultimately will lead to huge growth in both! Stratus does seam to have big financial backing well outside of its obvious interests and I think Proelite is strongly positioned to moved forward and onto a new Stage with the backing Stratus. IMO!
Go PELE!
Thanks Jack! Some great feedback and some great points. Some where I had just forgot there was a still ongoing revenue such BBD and I am with you on them all and I even made sure covered the important stuff #3! LOL! Let me know what you think.
Go PELE!
While I can appreciate the content of the writer's comments I questions his ability to assess the situation as well his overall experience, knowledge and perspective. In my view Proelite and EliteXC are premier MMA and Entertainment Brands extremely well recognized World Wide. They made vast strides during its previous reign with some of the best Fighters, the largest, biggest and best productions in the World.
There are few outside of the MMA enthusiast who could recognize or name another Brand aside from EliteEC and the obvious and long time leader of MMA in the UFC and maybe more so recently Strikeforce.
They have and continue to build in my view a solid very well experienced Management Team who are composed of Financial, Investment, Business MMA and other Entertainment specialist and leaders.
I think the company based on current information has the ability to make this company more than successful and world class profitable competitor in huge and ever expanding world market.
My thoughts! IMO!
Go PELE!
That is awesome! I had heard they were working on a number of Contracts but was not sure on how close they were but that sounds great.
Go MNDP!
ProElite Will Promote MMA Events Again
ProElite Inc., the former company behind EliteXC, has been relaunched.
A live entertainment company called the Stratus Media Group, Inc., who last fall acquired a 95% interest in ProElite for $2 million, announced Tuesday that it has assumed control over the board of directors and management of ProElite and will begin promoting MMA events under the ProElite brand.
ProElite remains the owner of Cage Rage and a stake in Spirit MC in South Korea. ProElite had also purchased King of the Cage, but founder Terry Trebilcock closed an agreement last July to resume control over the promotion.
In Cage Rage's absence, the founders created Ultimate Challenge UK. Cage Rage at its height was the No. 1 promotion in the UK and the relaunch of ProElite could see the return of the promotion.
http://www.mmafighting.com/2010/02/23/proelite-will-promote-mma-events-again/
Definitely and great to see! MMA Junkie is a very popular site and very highly regarded this should drive Interest way up!
Go PELE!
I am not sure but Outstanding Shares for Pro Elite is 59,955,862 from last estimate and I do not think the Float is very big at all but it is just a guess on my part. I think the Outstanding is actually quite small and would not be surprised to see it go up but that being said I am happy where it is but that may be affecting Trading at this point and too small is not good either in my opinion especially if this takes off like I think it will. IMO!
Go PELE!
Agreed! The volume will come as the News spreads! The price will go up as we get more Volume! Its Coming! IMO!
Go Proelite!
Big days ahead for this Company and Stock! I think the Proelite / Stratus group will be mobilizing their efforts to get things underway shortly but it is good to see the ball is in motion. I would expect we will continue to see the Stock rise which is all good for us.
Go Proelite!
This is GREAT NEWS!!!!!!!! Look for big things to happen quickly! I would expect they will be looking to set the pace and build momentum as well as push the product as it makes no sense to buy it and sit back.
Go Proelite!!!
Thanks! I am personally very happy along with a number of others here and felt good about this one long before any of the Big News hit.
It had in my view all the makings of a successful company and Stock for that matter and although they are all a Gamble at the best of times I always felt this one was a little less of Gamble and felt it was just a matter of time. I am expecting this one to be doing some serious mountain climbing over the coming months and continue for a few years with no idea how high she is going to climb but I would expect its going to be big and I am up for the ride. IMO!
Thanks Again!
Go POW!
PS: Just a side note you may want to keep your eye on Proelite Symbol PELE. Some big things in the works there with big potential and in my opinion more to come as well. IMO! Good Luck!
Tim Sylvia vs. Brandon Lee Hinkle set for “Adrenaline MMA V” in March
Posted by Cory Brady on Wednesday, February 17, 2010 at 10:13 am
A heavyweight bout between former UFC champion Tim Sylvia and TUF 10 alumni Wes Sims was recently given the red light by the Ohio State Athletic Commission.
In a recent report on MMAjunkie.com, Ohio State Athletic Commission Director Bernie Profato stated that the commission had ruled the bout to be “non-competitive” in nature.
“The commission felt the fight was not going to be competitive at this time after comparing [Sims' and Sylvia's] records and the opponents both fighters had faced,” stated Profato through an email. “And even though it was 2004, Sylvia previously stopped Sims at 1:36 of the first round.”
The pair were expected to face off at an upcoming “Adrenaline MMA” event anticipated for March 20 from Youngstown, Ohio.
And while they won’t be facing one another, Adrenaline promoter Monte Cox revealed that both would be expected to take part in the card one way or another.
Tim Sylvia is currently slated to face off with Brandon Lee Hinkle, while Sims is expected to meet Kerry Schall at “Adrenaline MMA V”.
http://fiveouncesofpain.com/2010/02/17/tim-sylvia-vs-brandon-lee-hinkle-set-for-adrenaline-mma-v-in-march/
I agree! I think this one still has big potential and its day is coming as well! IMO!
Go MNDP!
Volume is volume! Take it any way you want I personally consider it good no matter how much but obviously on the rise is what we want and on the rise it is which it is which is great it my books. No its nowhere near what it should be or is actually is worth in my view but our day is coming and the Countdown is on! IMO!
Go PELE!
It is great to see things on the rise but I am not at all surprised and actually would be surprised if it were lower. I would expect we will continue to see a rise and look out by year end because I personally believe this one will be through the roof! IMO!
Go POW!
Form 8-K for TRUMP ENTERTAINMENT RESORTS FUNDING INC
22-Feb-2010
Regulation FD Disclosure, Financial Statements and Exhibi
Item 7.01. Regulation FD Disclosure.
As previously disclosed, on February 17, 2009 Trump Entertainment Resorts, Inc. (the "Company") and certain of its direct and indirect subsidiaries (collectively, the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the District of New Jersey in Camden, New Jersey (the "Bankruptcy Court") seeking relief under the provisions of chapter 11 of title 11 of the United States Code.
On February 22, 2010, the Debtors filed their monthly operating report for the month ended January 31, 2010 (the "Monthly Operating Report") with the Bankruptcy Court. The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This current report (including the exhibit hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD.
Limitation on Incorporation by Reference
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Cautionary Statement Regarding Financial Operating Data
The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with Generally Accepted Accounting Principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company's securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company's reports pursuant to the Exchange Act, and such information might not be indicative of the Company's financial condition or operating results for the period that would be reflected in the Company's financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.
Cautionary Statement Regarding Forward-Looking Statements
The information contained in this Current Report on Form 8-K includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) that address projected or estimated results, or events, developments or results that we intend, expect, believe, anticipate, plan, forecast or project, will or may occur in the future are forward-looking statements. The words "possible," "propose," "might," "could," "would," "projects," "plan," "forecasts," "anticipates," "expect," "intend," "believe," "seek" or "may," and similar expressions, are intended to identify forward-looking statements, but are not the exclusive means of identifying them. Forward-looking statements are subject to a number of risks, contingencies
and uncertainties, some of which our management has not yet identified. Forward-looking statements are not guarantees of future performance; subsequent developments may cause forward-looking statements to become outdated; and actual results, developments and business decisions may differ materially from those contemplated by such forward-looking statements as a result of various factors, certain (but not all) of which are discussed in the risk factors included in the Company's reports filed with the SEC including, but not limited to, their Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Important factors that could cause actual results to differ from those contemplated by forward-looking statements include, but are not limited to, the terms of the restructuring or reorganization plan ultimately implemented, the timing thereof, the related costs and expenses, and the ability of the Company to maintain normal relationships with its vendors, service providers and customers. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or circumstances, or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Monthly Operating Report for the month ended January 31, 2010, filed with the United States Bankruptcy Court for the District of New Jersey.
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 22, 2010
TRUMP ENTERTAINMENT RESORTS, INC.
By: /s/ ROBERT M. PICKUS
Name: Robert M. Pickus Title: Chief Administrative Officer and General Counsel
TRUMP ENTERTAINMENT RESORTS HOLDINGS, L.P.
By: /s/ ROBERT M. PICKUS
Name: Robert M. Pickus Title: Chief Administrative Officer and General Counsel
TRUMP ENTERTAINMENT RESORTS FUNDING, INC.
By: /s/ ROBERT M. PICKUS
Name: Robert M. Pickus Title: Chief Administrative Officer and General Counsel
http://biz.yahoo.com/e/100222/9433238-k.html
Beal Bank sues Trump creditors ahead of hearing
NEW YORK, Feb 22 (Reuters) - Beal Bank, a senior lender to Trump Entertainment Resorts (TRMPQ.PK), filed a complaint on Monday against 10 other creditors of the bankrupt casino operator, accusing them of violating an intercreditor agreement.
Stocks | Bonds | Financials
The complaint comes on the eve of a hearing in New Jersey bankruptcy court that will pit two competing plans for control of Trump Entertainment against each other.
On one side is a group of bondholders owed $1.25 billion who have the support of Donald Trump. On the other is Beal Bank and billionaire investor Carl Icahn with their own restructuring proposal.
In the complaint, Beal Bank -- which lent $500 million in financing to Trump -- said bondholders and U.S. Bank violated an intercreditor agreement by proposing an alternate reorganization plan for Trump Entertainment.
A representative for the bondholders, which includes Avenue Capital Management and OakTree Capital Management, could not be immediately reached.
A U.S. Bank representative could not be reached. U.S. Bank is the second lien collateral agent, according to the complaint.
Trump Entertainment filed for bankruptcy last February. The Atlantic City casino company has been hurt by growing regional competition for its properties as well as the slide in discretionary spending.
http://www.reuters.com/article/idUSN2221999920100223
Looks like Stratus is putting together an incredible Management Team for Proelite as noted within the recent 8K Listing with the "appointment of William Kelly as President and Chief Operating Officer of the Company and (ii) the election by the current members of the board of directors by written consent of Paul Feller, Glenn Golenberg and Douglas De Luca to the Company’s board of directors"
These are all big players and heavy hitters in any game, so look out. This is nothing short of awesome for Proelite and and the Stock as well as its future.
William Kelly and Douglas De Luca are highly accomplished with decorated careers in the Network TV and Entertainment Industry with a focus on Pro Sports and Entertainment. They were also both instrumental in the previous Proelite rise to fame and the biggest days of the company and Stock for that matter. They played key lead roles in negotiating and closing the Deals with ShowTime and CBS as well a number of other key development for Proelite during its finest days. I would look for them to repeat it and move the game up once again, only bigger and better than ever before.
Paul Feller and Glenn Golenberg are Financial and Investment Industry powerhouses with highly successful careers in the Financial and Investment Industry.
Paul Feller is the founder and current President and CEO of Stratus Media Group a 100 Million Market Cap company also serves as Chief Executive Officer of Commerce Syndication Network Inc. Previous roles that included CEO of Pro Sports International, Board Member of the LA Sports Council and the Orange County Sports Association as well as the Asia International Business and Entertainment Association.
Glenn Golenberg is financial Industry heavyweight with a career that included work with Arthur Andersen, Co-founder and Managing Director of Golenberg & Company, a merchant banking firm that invests in and offers financial advisory services to a wide variety of businesses. He is also a Managing Director of The Bellwether Group, a merchant bank which provides strategic and financial consulting services to expansion-stage emerging technology and life-science related companies. Mr. Golenberg is a Director of Grill Concepts, Inc. and has been a director of numerous publicly held companies in the past. He is also Senior Advisor to Outsource Partners International, Inc., a director of Virtual Media Group Ltd., founder and director of K/E Medical Centers, and co-vice chairman of Skyview Capital. Mr. Golenberg was recently recognized by the Los Angeles Business Journal`s Angels of L.A. as one of the "29 Top Los Angeles-Area Investors."
I would look for for this group to take the company and Stock to New Levels not seen before. Great for the company and great for the Stock from what I can see!
My thoughts and IMO!
Go Proelite!
Between Stratus and Proelite they appear to have many ties in Asia and Europe in addition to existing and obvious ties across North America. Look for them to be an International Production at the highest level!
IMO!
Go Proelite!
I'm thinking Stratus has big Plans for Proelite Internationally and Dubai is definitely on the list as per their PR with agreement with Dubai Sports, "Dubai Pro Sports & Entertainment will also organize international mixed martial arts matches in conjunction with Stratus Media Group within select countries."
"The partnership agreement with Dubai Pro Sports will enable our organization to expand its geographic presence and capitalize on the growth opportunities we envision within the Middle East."
IMO!
Good luck to all!
Go Proelite!
Trump, Icahn locked in battle for N.J. casinos
NEW YORK (Reuters) - Celebrity real estate developer Donald Trump and investor Carl Icahn are trading jabs in court documents ahead of a face-off in bankruptcy court next week that could determine the fate of Trump's namesake Atlantic City hotel-casinos.
Deals
In documents filed late on Tuesday, Trump said Icahn could not make last-minute changes that might allow him to use the Trump brand as part of his proposed reorganization plan for Trump Entertainment Resorts (TRMPQ.PK).
Meanwhile, Icahn said that Trump and his daughter Ivanka should not be able to vote on Icahn's reorganization plan for the company, which is also backed by lender Beal Bank.
The two New York businessmen have been lining up for a battle over the Atlantic City, New Jersey, properties since the court ruled in December that each could submit his own reorganization plan.
U.S. Bankruptcy Judge Judith Wizmur is expected to hold a hearing on the competing plans in U.S. bankruptcy court in Camden, New Jersey, next week.
Trump Entertainment filed for Chapter 11 bankruptcy in February 2009. Trump is backing a plan filed by the casinos' bondholders that would give him a small stake in the company and keep his name on the casinos.
In January, Icahn bought a large chunk of the casinos' debt and, along with poker player Andrew Beal, filed a competing reorganization plan for the company. Beal also founded Plano, Texas-based Beal Bank.
At issue for Trump, who is working with the company's bondholders on his own plan to reorganize the business, is the future use of his brand name on the Trump Taj Mahal, Trump Plaza and Trump Marina.
Trump argued in court documents that Icahn has explored no other branding possibilities for the properties and should not be able to make last-minute changes to his reorganization plan that might let him use the Trump name.
"Mr. Beal has acknowledged that the Trump brand is essential to the debtors' ongoing viability," Trump's lawyers wrote in court papers. "In contrast, Mr. Trump has consistently asserted that the trademark license agreement has been terminated and, in any event, cannot be assumed without his consent."
The Trumps have argued they may have claims in excess of $100 million stemming from an alleged breach of his trademark licensing agreement with the casinos and have been seeking the right to vote on the Icahn/Beal plan. Icahn and Beal argued on Tuesday that Trump's claims are invalid and would put other creditors at a disadvantage if he and his daughter were allowed to vote.
http://www.reuters.com/article/idUSTRE61G43M20100217
Agree entirely! Go Proelite!
Agreed! I am with you all the way! People will want to get on board when this train starts moving! Any decent News will start it moving but the momentum will be very important and once some start to hear look out! POW!
Go PELE!
LOL! Yeah I know! It's coming though! I am expecting all of this to change with next big PR! Which I think is not far off at all and as much I don't see alot of buying, I also don't see anyone selling!
They are all waiting for the Big News! The little buys that have happened I think they were and are to scare anybody who's dumb enough to be scared into selling so they and others can buy them up cheap while they can!
It's my bet nobody will be selling much of anything at these costs and I am expecting the price to go up, way up! In my view it will easily break anything we have seen in long while and when it does and as information is released go beyond to who knows where! But it's all good from my point of view! The Count down begins!
My thoughts! IMO!
Go Proelite!!!
Peace!
Go MNDP! Great current progress and future potential!
The Facts are as follows:
1 ) The company does release PR's and has continued to do so which I and many appreciate greatly which describe as they should existing Projects Development and Strategy as well as New Contracts, Partners and future potential.
As a contrast many company's especially in the Pinks release little to no News.
2 ) All company's pay for Press and again many especially have entire PR Departments which just a guess on my part but they also Pay for in addition to outside agencies or Press outlets.
3 ) The company does publish available Financials and any other required government Reporting.
As a contrast many company's especially in the Pinks release little to no Financial Data.
4 ) The company does release and update Share counts.
5 ) The company has what appears to be a number of substantial Contracts, on going business partners and business arrangements as well as many prospective customers with a range of its products and product lines these include the US Government including the FBI, US Army, Navy and Air Force, many Production TV and Studios agreements and Contract customers include CBS, Fox ABC, NBC, Warner Bros, Disney and Discovery. Other Partnership include Flint Hills Solutions, Litigation Animation, Inc, etc.
6 ) The company does not release all of its Internal confidential business Strategy in its reports and PR's. And we should always be very cognizant of what the actual reporting requirement is.
As an example I would assume when they are required to report "New" business strategy for Reporting purposes I would assume that by "New" means if they began it in the previous business year which could have been any time after previous specific Reporting requirement of the year previous to that it would not then be considered "New". I.e The purchase and Development of AirStar International Divisions, Markets and Products.
All we Investors care is that they have a Plan and ongoing strategy that I hope would continue to evolve with Planning, new information and Market and industry changes and opportunity. The result being the long run they attempted to become and continue to be profitable and increase value of the company and its stock.
Just a guess on may part but it is in managements best interest to make this a viable and productive company and from my point of view they are doing everything possible to do that, not so sure I personally could see what more they could be doing and I am sure there is a whole lot they are doing that they have no intent on sharing as part of good solid and fundamental business strategy in a highly competitive world.
If this company does not suit someones interest it's my thought they should move on, look to other company's that may fulfill those needs and for the time being I am happy with what the company is doing and think it has very big things underway, very big things near future and huge potential.
My Thoughts and of course IMO!
Good Luck to all!
Peace!
Go MNDP!
Absolutely! Don't see this Stock going anywhere near 6 cents in the known future its more likely headed for between 25 and 30 in the next couple of weeks and well beyond that in the coming months.
Don't be surprised if it breaks a $1 before the years out and much higher next year.
My thoughts and IMO!
Good Luck to all!
Peace!
Trump Entertainment Hearing slated to commence tomorrow Feb 16/2010!
I would not be surprised to see Proelite and Stratus hammer into action as soon as the deal is closed. I think anybody who believes they sitting idly by waiting for the deal to close are mistaken.
I believe they are planning as we speak and will fire out of the gates with a planned event schedule as well as maybe the date for the first Event. From what I can see they are mobilizing a first rate Management Team who know what it will take and can act on what they know. I would think Stratus and other investors will all be looking to immediately push into action and getting that big ROI. All good for Proelite!
IMO of course!
Go Proelite!
Agreed! Big things ahead for Pro! Go PELE!
I actually don't agree! Chuck as I understand it is receiving $ 75K in Share value at a cost value of $2.30 per share.
After a given period he can then sell those shares at you would assume atleast Market Value which he would hope to be higher as would in anyone who owns the Stock.
I fully understand Share dilution and $75K in Stock is not going to dilute a company with average 120 million dollar Market Cap and if it does they have bigger problems. I think your blowing this way out of proportion and way over speculating.
I stick by my original comments. Besides Stratus Stock really has nothing to do Proelite other than they will the parent company or the new owner of Proelite with its own Stock and Stock and Stock Value.
Good Luck!
Peace!
Not sure I agree at all. I do think it is strong confidence and a benefit to both sides and truly a win win situation.
Chuck gets his 75K up front to carry him but current trading value of Stratus is slightly down in around $1.60 to 2.00 range. The question should be why would Stratus or Chuck accept a Trade value of $2.30 per share. I'll give you my guess, if Chuck took his money now he would walk away with a another 75K max as per the deal and probably less as it would be straight payout. And yes Stratus does get the benefit of not outright having to a give straight cash payout as well as the fact it keeps Chuck's interests tied to the the company's well being as well.
Here is where I think it really sits and for starters keep in mind Stratus Media Group is at its lowest sits around a $100 Million Market Cap and generally has been alot more. It has very commonly in the very recent past has traded in around $2.30 per share and in Oct 2009 alone hit well above $2.50 per share that alone would have been a 10% increase in Chuck's money alone if taken at that point and tell me what Bank is going to give him that. None that I am aware of and that would again assume he actually get $75K to walk away with, not likely in my books!
But take a look at Yahoo Finance for Stratus the 1 Yr Est $16.32 per share. If that hold any anywhere near true Chuck walks away with another over $ 500,000 alone on top of his original payout portion. Tell me he wouldn't be winning on that side of the coin and I am going be sure to differ on that one. We also have to keep in mind this is also without Proelite kicking up its own storm and with that cash flow and from what I can see at this point things are coming together and its going to be Big, Really big! So look out! And it looks like Chuck Champion is up for the ride as well, which is great in my books! He's thinking he is betting on a winning horse and I am with him all the way. I would expect Proelite Stock to follow and in some sense lead with that to see some substantial increases in company value on both sides. Good for all of us in my view! IMO!
My Thoughts.
Go Proelite!
Peace!
Agreed! They seem to really ramp up business at this time!
Thanks Jack! I will spread the word as well and I hope everyone else does as well!
Go Pro!
News and Technical Analysis Update for February 11th 2010 POW! Entertainment Inc. (OTC: POWN)
February 12, 2010 (TopWireNews.com: - press release)
/ EINPresswire.com / Boca Raton FL, www.TheStockWizards.net a Premiere Financial Portal & Investor Relations Firm that brings a wealth of trading resources to Small Cap Investors, has compiled a list of stocks on the OTCBB, and Pink Sheet Markets that have positive technical indicators and may provide continued trading opportunities for investors. Recent stocks of interest include POWN.
LOS ANGELES, Feb 10, 2010 POW! Entertainment Inc.A Squared Entertainment OTC: POWN. (A(2)), a full-service brand entertainment company, and Archie Comics, the leading producer of comic book entertainment, announced today an exciting collaboration with Stan Lee, founder, chairman and chief creative officer (CCO) of POW! Entertainment (Pink Sheets: POWN), to create a new print and digital comic book line from the most successful comic book entertainment producer of all time. Lee is also known as the co-creator of Spider-Man, The Incredible Hulk, X-Men, and Iron Man, among many others.
Technical outlook: POWN has been in a nice uptrend since the beginning of this year. The stock made an initial high at .25 and now it’s possibly making a second attempt at these levels A key area that traders and investors will be watching closely is the .20 area, if we get a weekly close above this level we could see new highs.
An advanced media and entertainment company, POW! was founded by Stan Lee, together with award winning producer Gill Champion and intellectual property attorney Arthur Lieberman, Esq., to create, produce and license original intellectual properties. POW! Specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion.
http://news.topwirenews.com/2010/02/12/News-and-Technical-Analysis-Update-for-February-11th-2010-POW-Entertainment-Inc-OTC-POWN_201002124910.html
Hearing day in 4 days!
Absolutely! I think this deal has been negotiated for some time with Stratus in preparation with some big partnerships in planning this! I think they have big Plans for Proelite! Great for the company and Great for us! IMO
Go ProElite!
Stratus Media Group Signs Partnership Agreement with Dubai Pro Sports & Entertainment, Inc.
LOS ANGELES -- Stratus Media Group, Inc. (OTCBB:SMDI) today announced it has signed a partnership agreement with Dubai Pro Sports & Entertainment, a live entertainment company headquartered in Dubai, United Arab Emirates. Terms were not disclosed.
The partnership agreement will entitle Dubai Pro Sports & Entertainment to become an operator, marketer and promoter of Stratus Media Group properties within the United Arab Emirates and surrounding countries. The properties will include concerts and music festivals, auto racing, talent management and VIP affiliate marketing programs. In addition to participating in the advertising, sales and branding rights opportunities, Dubai Pro Sports & Entertainment will also organize international mixed martial arts matches in conjunction with Stratus Media Group within select countries.
"The partnership agreement with Dubai Pro Sports will enable our organization to expand its geographic presence and capitalize on the growth opportunities we envision within the Middle East. Dubai Pro Sports & Entertainment shares our enthusiasm for live entertainment events and possesses the passion, teamwork, leadership values to achieve success. We are delighted to partner with Dubai Pro Sports and look forward to announcing exciting future events," said Paul Feller, president and chief executive officer of Stratus Media Group.
"Our vision is to establish a worldwide presence with unique live entertainment properties that are expected to have a broad appeal with the Middle East and the surrounding countries. We look forward to a mutually beneficial association with Stratus Media Group," said Meraj Syed, chief executive officer of Dubai Pro Sports & Entertainment.
http://www.thefreelibrary.com/Stratus+Media+Group+Signs+Partnership+Agreement+with+Dubai+Pro+Sports...-a0198327599
Agreed! Every where we can post to get eyes on it is great!
This Stock will gain momentum with every bit of News and each new set of eyes realizing the company is on its way and it is in my opinion! This Stock is going to see volume and value rise fast, again IMO.
Every indication is that is the case and as we near the Outside Date or as stated in the 8K the closing will occur "as soon as possible but in no event shall the Closing occur later than March 31, 2010 (the “ Outside Date ”)". It is my guess the closing will occur well before that date as there is no benefit to either side to do anything but get this done for which I think they will.
Don't be surprised if it is done sometime in Feb or very Early March as nobody will want it to get anywhere near the end date.
My Thoughts
Po PELE!
Agreed! Fantastic News! The confirmation about the transition. We do need to get more Eyes here!
Go PELE!