ProElite, Inc. [PELE.PK], a sports entertainment and media company dedicated to producing world-class mixed martial arts (MMA) events, today announced the acquisition of King of the Cage, Inc. (KOTC), a prolific MMA promoter with an established stable of world-class fighters and global brand equity. As part of the agreement, KOTC will promote events in conjunction with Los Angeles-based ProElite’s respected and highly acclaimed live events division, EliteXC, which broadcasts MMA events on Showtime Networks. KOTC will also provide live-streaming video content through ProElite.com.
Financial terms of the transaction were not disclosed.
“We are extremely pleased that KOTC is joining the ProElite family, a natural extension of our brand as we continue to move forward with our global growth strategy,” said Douglas Deluca, CEO of ProElite, Inc. “Pound for pound, KOTC is the best brand out there and brings a deep breadth of industry experience to ProElite, providing a built-in infrastructure that will strengthen the impact of our organization on the world of MMA.”
Saturday, September 15, 2007
ProElite Acquires King Of The Cage - from Nokaut dot com
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