Glenn Golenberg Joins the Board of Directors of ProElite Business Wire SANTA BARBARA, Calif. -- March 18, 2010 Stratus Media Group, Inc. (OTCBB: SMDI), a live entertainment company, announced today that Glenn Golenberg has joined the board of directors of ProElite, Inc. (Pink Sheets:PELE). Mr. Golenberg has been on the Board of Directors at Stratus Media Group, Inc. since April 2009, where he also serves as Chairman of the Audit Committee. As part of its acquisition of a 95% voting interest in ProElite, Stratus assumed control of the board of directors and management of ProElite on February 22, 2010. Glenn Golenberg has been in the financial service industry since 1996 and has been involved in transactions that have historically included mergers and acquisitions, initial public offerings (IPOs), financial restructuring, venture capital financings and leveraged buyouts (LBOs). Mr. Golenberg has been a co-founder and Managing Director of Golenberg & Company, a merchant banking firm. He is also Managing Director of The Bellwether Group, a merchant bank which provides strategic and financial consulting services to expansion-stage emerging technology and life-science related companies, as well as general partner in University Equity Capital, a company involved in life sciences with leading universities. In addition, Mr. Golenberg has been a director of numerous publicly held companies in the past. "I’m happy to join the board of directors of ProElite and to be a part of rebuilding the company," said Glenn Golenberg. "There is a great team in place and I believe that with our combined experience and skills we will be able to make ProElite a profitable and driving force in the MMA world." About Stratus Media Group, Inc. Incorporated in November of 1998, Santa Barbara based-Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events. The company is primarily focused on internal growth and acquisitions within the live entertainment-related market -- including action sports, automotive shows, college sports, food events, motor sports, music concerts and festivals, running events, diversified media marketing, trade shows and expositions, and talent management. In addition, the company intends to expand its consumer rewards marketing and redemption activities through its Stratus Rewards Visa White Card -- providing exclusive redemption benefits to its cardholders in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards for specified levels of use. For more information on Stratus Media Group, Inc., go to www.stratusmediagroup.com by telephone (805) 884-9977. About ProElite, Inc. (www.proelite.com) Founded in 2006, ProElite still holds the record for highest ratings for a major network telecast of a MMA event. ProElite also owns a web portal with social networking for MMA fighters and fans and live streams of MMA bouts not broadcast on television. ProElite, Inc. historically has delivered exciting entertainment experiences in the world of mixed martial arts (MMA) with live arena-based entertainment events, cable television programming on Showtime Networks and community-driven interactive broadband entertainment via the Internet. ProElite plans to deliver live MMA fight events that showcase the world's top fighters internationally. Forward Looking Statements Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. Contact: Stratus Media Group, Inc. Christine Kolenik, 805-884-9977 firstname.lastname@example.org
Glenn Golenberg Joins the Board of Directors of ProElite
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