ProElite, Inc. Names Jerold Rubinstein, Former Co-Owner of United Artists
Records, as Chairman of the Board and Chief Executive Officer
Renowned Entertainment Executive Brings Proven Record of Business Leadership
LOS ANGELES -- June 29, 2012
ProElite, Inc. (OTC Pink: PELE) announced today that Jerold Rubinstein has
been appointed CEO and Chairman of the Board of ProElite, Inc. and its parent
company Stratus Media Group, Inc. (OTCQB: SMDI). Mr. Rubinstein replaces Paul
Feller, who will remain a consultant to the company.
Mr. Rubinstein has been a member of the board of directors of Stratus since
March 2011 and has been chairman of the audit committee since that time. He is
a member of the board of directors and the chairman of the audit committee of
CKE Restaurants, the parent company of Carl’s Jr. Restaurants and Hardee’s
Restaurants, which had $1.3 billion in revenues in 2011. He also serves as the
non-executive chairman of U.S. Global Investors Inc., a mutual fund advisory
company which had $42 million of revenues in 2011 and $2.6 billion of assets
under management. Mr. Rubinstein has created and sold numerous companies
during his career, including Bel Air Savings and Loan and DMX, a cable and
satellite music distribution company. Mr. Rubinstein started and sold XTRA
Music Ltd., a satellite and cable music distribution company in Europe. Most
recently Mr. Rubinstein consults with, and serves on, 3 early stage
development companies. Mr. Rubinstein is both a CPA and attorney.
Details and updates for all ProElite events are available at www.proelite.com.
Founded in 2006, ProElite has been a major global force in the world of mixed
martial arts (MMA). ProElite, based in Los Angeles, California, continues its
legacy to hold key domestic and international live MMA events. The company
owns U.K. based MMA brand Cage Rage and is a significant stakeholder in Spirit
MC in South Korea. ProElite signed a broadcast deal with HD NET in October
2011 to broadcast fights live in the highest quality video for consumers and
fans. ProElite also holds the distinction of having produced one of the two
highest -rated televised broadcasts of a live major network MMA event.
Headquartered in Santa Barbara, CA, with offices in Los Angeles, California;
New York City, NY; Geneva, Switzerland; and Perugia, Italy, Stratus Media
Group, Inc. (SMDI) is an owner, operator, developer, producer, and marketer of
live entertainment events. In addition, the company owns Stratus White, a new
standard in personal lifestyle and card services for the global affluent.
Available by invitation only, Stratus White is a discreet, elite member &
partner community providing exclusive and unparalleled service and access
across the luxury product & travel, social, sporting, cultural and
philanthropic areas of life, including events and experiences.
Statements in this press release relating to plans, strategies, projections of
results, 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 and the Securities Acts of 1933 and 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. Although the company's management believes that
the expectations reflected in the forward-looking statements are reasonable,
it cannot guarantee future results, performance or achievements. The company
has no obligation to update these forward-looking statements.
Stratus Media Group, Inc.
Chief Operating Officer
Press spacebar to pause and continue. Press esc to stop.