|
Friday November 9, 9:00 am ET
DALLAS, TX--(MARKET WIRE)--Nov 9, 2007 -- SUN Sports & Entertainment Inc. (Other OTC:SUNR.PK - News) announced today a summary of milestones achieved during its first year in the Mixed Martial Arts (MMA) Industry.
During the past few years, the MMA industry has experienced explosive worldwide growth, expanded to include live events, pay-per-view and reality television shows. In the process, MMA has established itself as a growth vehicle in the sports industry. As an example, the UFC's September 8, 2007 title fight on Spike TV drew 4.7 million viewers, making it the most watched mixed martial arts event ever in North America. In 2006, an MMA Event broke the pay-per-view industry's all-time single year revenue record surpassing WWE and Boxing.
SUN Chief Executive Officer CJ Comu stated, "SUN has worked diligently on building our 'Art of War' brand as a premiere MMA property and developing strong strategic alliances while examining the changes in the landscape and preparing aggressive long-term strategies. We have identified great future opportunities and developed a business model unlike any other company in this industry, and have the potential to produce a long term and successful enterprise."
A summary of the Company's accomplishments achieved during its first year as an MMA Production and Entertainment Company are as follows."
- The Company produced four premiere events in 2007 under its brand "Art of War" in world-class arenas including the American Airlines Center in Dallas, Texas.
- The Company filmed and produced all its events on High Definition Television and created a library of great fights, great fighters, and great knockouts.
- The Company developed strategic partnerships in the area of Broadcast and Distribution, which include foreign and domestic rights and DVD sales.
- In September 2007, the Company produced its first LIVE Pay-Per-View Event with iN Demand networks, the nations largest PPV Distributor.
- In October 2007, the Company produced Art of War 4 for the world's largest Hotel/Casino organization at the Harrah's Grand Tunica Resort in Tunica, MS to a packed arena.
- The Company established and operates the United States Men's National Mixed Martial Arts Team (Team USA MMA).
- The Company acquired the Sports Radio Event Network that provided the first in stadium play-by-play broadcast for its Art of War 3 Event. Sports Radio has provided its unique service to professional and collegiate sporting events including the 2007 NFL Super Bowl.
- The company retained the Investment Banking services of Titan Securities Inc., a NASD Broker/Dealer and completed its first round of financing.
- The Company formed the UNDERGROUND Cage Fighting Division to provide a mobile marketing Events Production for regional Arenas and Casinos that wish to host an MMA Event with custom made cages, transport carrier, truck, sound and lighting equipment.
- The Company helped establish the International Fighters Association (IFA) a non-profit company based in Luxemburg to promote the MMA industry as well as rank, rate and sanction independent fights.
Brad Brooks, President of Titan Securities, issued the following comment, "Management has laid a solid foundation for the future of SUN over the next three years and beyond. The Company's strategy is a combination of what it takes to be successful, profitable and build a global brand in the world of MMA." |