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Thursday, February 25, 2010
Stratus Media Group, Inc.
STRATUS MEDIA AND PROELITE APPOINT NEW CHIEF OPERATING OFFICER WILLIAM KELLY
SANTA BARBARA, CA – (February 25, 2010) -- Stratus Media Group, Inc. (OTCBB:SMDI), a live entertainment company, announced today that William Kelly has been appointed to the position of Chief Operating Officer of both Stratus Media Group and ProElite, Inc. Mr. Kelly previously held the position of Chief Operating Officer of ProElite from its inception until October 2008.
"I am very pleased to appoint William as Chief Operating Officer," stated Paul Feller, President and CEO of Stratus, "Due to Stratus' plans for rapid growth over the next year, we identified the need to hire a person of exceptional talent and experience as COO to manage the daily operations of both our existing companies and the integration of newly acquired companies and events. In addition to his experience at ProElite and his knowledge of the MMA business, Mr. Kelly's background is an ideal fit for our requirements and we are happy to have such a valuable addition to our team."
"I'm pleased to be joining Stratus at this exciting stage of the company's growth," stated William Kelly. "I believe there are tremendous opportunities in expanding the Stratus model into new geographic and market areas to aggregate live entertainment content on a global basis."
Mr. Kelly brings over two decades of entertainment and media operations and management experience to Stratus. Prior to ProElite, Mr. Kelly Co-founded Television Korea 24 Inc. (tvk24) in 2003, where he served as Chief Operating Officer. In 2001, Mr. Kelly joined the Extreme Sports Channel as Chief Operating Officer International and prior to Extreme Sports Channel, Mr. Kelly held the following positions:
• NBC Internet - Vice President and Head of International
• CNBC Asia - Vice President
• Turner Broadcasting International (Asia)- President
• Long Term Credit Bank of Japan (Tokyo)
• Allied Irish Banks (Ireland)
Kelly, a native of Ireland, holds various qualifications in banking, international business and foreign languages. Mr. Kelly entered an eight year career in banking and finance in Ireland in 1982, which led him to entertainment banking in Japan, serving clients such as Walt Disney, Turner Broadcasting, Sony, Panasonic, Vestron, Lucas Film, NTT, Sega, Pioneer, Warner Bros, Orion Pictures and Softbank.
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
About ProElite, Inc.
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.
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