ProElite, Inc. Names Jerold Rubinstein, Former Co-Owner of United Artists Records, as Chairman of the Board and Chief Executive

  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                                  to ProElite  Business Wire  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  ABOUT PROELITE  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. (  ABOUT STRATUS  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.  Forward-Looking Statements  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.  Contact:  Stratus Media Group, Inc. Billy Kelly Chief Operating Officer 310-526-8700  
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