ProElite, Inc. (fka PELE)

[Cowboy200009]

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/