Ultimate Sports Entertainment, Inc (ULSP)

[surferbj]

ULTIMATE SPORTS ENTERTAINMENT, INC.-ULSP Lawsuit SEC FEDS etc On 2006

I've been doing some google DD and came across this description of ULSP. 1/2006 Anouncement of developement plans, Last News reported by ULSP a Lawsuit 3/2006 This part does not look good..

http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?symbol=ULSP

Company Description
Contact Info
2444 Wilshire Boulevard

Suite 414

Santa Monica, CA 90403

United States

Phone: [phone]

Fax:

-- Ultimate Sports Entertainment, Inc., an entertainment company, engages in the creation, development, and publishing of action/adventure/fantasy stories featuring athletes/celebrities in collectible comic book form. Ultimate Sports titles include athletes, such as Barry Bonds; Mark McGwire; Ichiro; Sammy Sosa; Cal Ripken, Jr.; Derek Jeter; Alex Rodriguez; Roger Clemens; Mike Piazza; Ken Griffey, Jr.; Troy Aikman; Dan Marino; Brett Favre; Peyton Manning; John Elway; Terrell Davis; and others. The company markets its comic books through in-stadium promotional activities by major league baseball teams.

In addition, it engages in retail promotions through corporate team sponsors.

The company was incorporated in 1981 as Edge Investment Company. It changed its name to American Surgical Laser, Inc. in 1983 and to American Surgical Laser-Del, Inc. in 1985. American Surgical Laser-Del changed its name to Eclipse Imports, Inc. in 1997; to Neurochemical Research International, Corp. in March 1999; and to Ultimate Sports Entertainment on April 1999. The company is headquartered in Los Angeles, California.
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Key developments
Knockout! Sports Network Inc. Files Lawsuit Against Ultimate Sports Entertainment Inc
03/29/2006

Knockout! Sports Network Inc. announced that it had electronically completed the filing of a lawsuit in the United States District Court for the District of Nevada against Matt Rose, Ultimate Sports Entertainment Inc. and other defendants, seeking damages of $2 billion and punitive damages of $6 billion in separate claims.

Knockout! Sports Network Inc. and other plaintiffs had previously filed a lawsuit in federal court against most of the same defendants, but the first lawsuit was dismissed on technical grounds-albeit without prejudice and with leave to amend.

The claims in the new lawsuit are numerous and include federal and state securities violations, common law fraud, breach of contract, breach of implied covenant of good faith and fair dealing, conversion, mismanagement, breach of fiduciary duty, interference of contractual relationships and business opportunities, unlawful conspiracy, libel and slander, and malpractice plus declaratory and injunctive relief.

Ultimate Sports Entertainment Inc. - Special/M&A Call
01/26/2006
To discuss the announcement of $4 billion sports-mega-resort complex.

Ultimate Sports Entertainment Unveils Plans for $4 Billion Sports Mega Resort in Las Vegas
01/26/2006

Ultimate Sports Entertainment Inc. unveiled plans for the world's first, sports-mega-resort complex. The complex will sit on 116 acres of land in North Las Vegas near the Las Vegas Motor Speedway. Architectural renderings were displayed showcasing the $4 billion project's 5,500 rooms, ten sports arenas, 150,000 sq. foot casino and 750,000 sq. foot convention center. The project is based on a hybrid casino, destination, and sports business model. For instance, the final name of the resort will be determined through a naming rights deal similar to those recently associated with stadium, arena and title sponsorships in sports. The resort will provide sports-minded consumers with unparalleled access to watch sports, play sports, test state-of-the-art sports equipment and enjoy the finest assembly of sports memorabilia, collectibles and trading cards. In addition, visitors can purchase the widest range of sports-related products in the world.