Replies to post #29 on Ultimate Sports Entertainment, Inc (ULSP)

[balamidas]

they have a recent PR!! SUN Becomes First MMA Company at New Vegas Venue
SUN to Produce First MMA Event at New $5B Facility


Last Update: 2:00 PM ET May 25, 2007


DALLAS, TX, May 25, 2007 (MARKET WIRE via COMTEX) -- SUN Sports & Entertainment Inc. (PINKSHEETS: SSPE) announced today that it will be the first Mixed Martial Arts (MMA) Events and Production Company for the upcoming $5 Billion Ultimate Resorts Project in Las Vegas, NV.
Ultimate Sports Entertainment, Inc. unveiled plans for the world's first Las Vegas sports-mega-resort complex; the complex will sit on 116 acres of land targeted in North Las Vegas near the Las Vegas Motor Speedway. Architectural renderings were displayed showcasing the $5 billion project's components including 5,500 rooms, ten sports venues, a 150,000 sq. foot casino (50,000 sq ft. of the casino will be glass enclosed and smoke free), food to satisfy every palate and budget, 1,000,000 sq. feet of dozens of sports activities and a 750,000 sq. foot convention center.
"We are very excited to have SUN deliver their award-winning MMA Event 'Art of War' as our first MMA Event at the Ultimate Sports Resort. With the inclusion of such events we will keep our guests and visitors entertained with so much 'sports' to watch, play, buy and experience that they could not possibly do it all in one day," said Matt A. Rose, President and CEO of Ultimate Sports Entertainment, Inc.
SUN CEO CJ Comu stated, "I love the vision that Ultimate Sports Entertainment has created and we are thrilled to be the premier MMA Event at their incredible upcoming billion dollar facility. SUN is looking to expand the 'Art of War' brand that it has created and deliver its undisputed award-winning events to the millions of growing fans around the world. We see Las Vegas as a great destination of our operations and chance to continue to showcase our fighters and high-energy shows."
The Ultimate Sports Resort is based on a hybrid "Las Vegas casino resort," "destination," and "sports" business model. 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 state-of-the-art sports products, as well as the finest assembly of sports memorabilia, collectibles and trading cards found anywhere in the world.
"Projects such as the Ultimate Sports Resort are invaluable catalysts for a host of expanded business development opportunities, global exposure, employment opportunities and increased revenues for our city," said Michael Montandon, Mayor of North Las Vegas. "You really can't put a value on how important a project like this will be to the future of North Las Vegas."
For more information on Ultimate Sports Entertainment Inc., please visit their website at: www.ultimatesportsresort.com.
About SUN:
SUN is a Professional Sports & Entertainment Marketing Company. SUN Production Group is a Certified Texas Combat Sports Promoter and produces World Class Boxing and Mixed Martial Arts. The properties of SUN ( www.sunorganization.com), "Art of War" ( www.artofwarlive.com) and International Fighters Association ( www.ifapro.com) are pending trademarks.
Safe Harbor Statement
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Sun Sports & Entertainment Inc. do not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
CJ Comu Chairman/CEO SUN Sports & Entertainment Inc. Office: 972.392.1414 [e-mail] Matt A. Rose President and CEO Ultimate Sports Entertainment, Inc. Office: 702-270-2967 [e-mail]
SOURCE: SUN Sports & Entertainment Inc.
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[keymaster]

I have been subscribed to their newsletter for a year and a half. So far, I have received nothing. There is an investor link on their home page with a number to call for user name & password. I wonder how private investors such as we could go about investing.

If, as droopeyes said we would be lucky to buy 5,000 shares, that would not be much of an investment either for the company or the investor. For at the current price of .0001, that is only a fifty-cent investment. That would seem to be of little significance for a multi-billion dollar project that needs funding. Why would the company even bother?

I have had no experience with grey sheets, but I've always suspected that somehow a private investor would have to pay considerably more than just buying a few million shares for .0001/share. Just guessing here, but maybe there is a minimum amount of money you would have to invest, like maybe $50,000 or so. Then they would just issue new shares to you. Even that figure would require 500 investors to raise just half the capital needed to fund this project. Aside from that, the outstanding shares would become enormous. No, I think that in reality once shares start becoming actively solicited and traded (and generally know to the public) that the stock price will rise significantly. The company would go quickly to OTC then Nasdaq. When Wynn casinos went public, their stock was offered at $14/share.

Irregardless, any shares we would be able to get now should grow tremendously in value by the time the project is completed and the doors are open. That is not projected to happen for 3 years. I have had this company on the back burner over a year, just waiting for some volume to indicate that it was time for me to jump in. That has not happened yet(only a few shares traded once every month or so), but the project seems to still be going forward and I am still waiting.