Viratech Corp. (VIRA)

[Braden32601]

Note $32 million from 1 fight event!!

K-1 producer Sadahuru Tanigawa recently spoke with the Japanese
sports media, and announced that the Fight Entertainment Group and K-1
have received $16 million from Zuffa and the Ultimate Fighting
Championship.

According to Tanigawa, the UFC's May 27th event at the Staples Center
in Los Angeles, California, headlined by Royce Gracie versus Matt
Hughes, did an astonishing 800,000 pay-per-view buys and that the
overall show including pay-per-view buys, live gate and sponsor ship
made approximately $32 million. Due to the FEG and K-1 having Royce
Gracie under contract, and lending his contractual services to Zuffa
and the UFC, FEG and K-1 have now inherited half of that $32 million
dollars.

Tanigawa was quick to point out that this incredible profit is the
main reason that Dream Stage Entertainment wants to bring PRIDE to
North America, as the American pay-per-view market is much more
lucrative. Tanigawa further rexpressed his desire to bring the HERO'S
brand to the United States.

Referring to the massive American pay-per-view market, Tanigawa said,
"Things of this scale can't be done in Japan." In Japan, the
pay-per-view market is not as coveted as in America and thus
organizations such as K-1 and PRIDE still depend heavily on live gate,
merchandising, and television advertising deals to profit from events.