Holographic Storage Acquires SUN and Moves Into the World of Championship Combative Fighting |
|
By: SUN Management Group, Inc. Posted: 2007-01-10 21:45:47 |
|
Holographic Storage Inc. (OTC Pink Sheets: HSTG), a publicly traded company under the symbol "HSTG" announced today that it has acquired 100% of SUN Management Group, Inc., a full-service professional sports and entertainment corporation.
In a tax free exchange of stock, HSTG issued 25,000,000 shares of its stock to the existing stockholders of SUN Management Group Inc., to be distributed on a pro-rata share based ownership. At the completion of this transaction, there will be 30,000,000 shares issued and outstanding with a publicly traded float of 48,123 shares. Holographic Storage Inc., Chairman, Todd Violette stated, "We are delighted with this transaction and the future of the SUN Organization. We feel SUN provides an exciting company in the world of Professional Sports and Entertainment and their role in producing and hosting MMA Fights and Boxing will serve as the key to their growth." Mr. Violette will be stepping down as Chairman and will be replaced by Mr. CJ Comu as the new Chairman of the Board. SUN Chairman & CEO CJ Comu, stated, "I am very pleased with the completion of this transaction and the future opportunities that are provided to us as a public company. As a former Chairman and CEO of a public company, this is a responsibility that requires a dedicated team that can manage the affairs of its business and develop market support of its stock". Comu added, "The Mixed Martial Arts (MMA) industry is the fastest growing Sports Entertainment business in the world. We hope to be a large player in this small but rapidly growing space and deliver high quality entertainment to the networks and fans around the world." Wholly owned, SUN Production Group, in association with International Fighters Association announced their premiere event for 2007 -- "ART OF WAR", Undisputed Arena Fighting Championship. The 10-bout fight card is set for March 9, 2007, at the American Airlines Center in Dallas, Texas, and will be televised in high definition by Mark Cuban's Company HDNet. Brazilian Jui Jitsu legend, Pedro "the Rock" Rizzo will take on American, Justin "The Hammer" Eilers, in the Main Event. Both Rizzo and Eilers are veterans of the highly successful UFC (Ultimate Fighting Championship). "It's going to be perhaps the biggest and most exciting MMA event in Texas history," said Comu. "We're anticipating a very large and enthusiastic crowd on March 9th!" World famous "Voice of MMA" announcer, Bruce Buffer, will serve as the Event's Master of Ceremonies and Ring Announcer. Because of the event being at Dallas' American Airlines Center, home of the Dallas Mavericks (NBA) and Dallas Stars (NHL), a number of local dignitaries and sports celebrities are expected to be in attendance, as well. Former UFC Champion, Guy Mezger, serves as an advisor and chief matchmaker for all SUN MMA events. Heading up event management and marketing will be Lester Bedford of The Bedford Agency. Bedford has marketed over 100 World Championship Boxing events over the past 20 years, including events televised on HBO, Showtime, NBC, ABC, CBS, ESPN, USA and other networks. The emergence of Mixed Martial Arts fighting has become a world-wide story, including a featured segment on CBS' 60 Minutes news magazine program and feature pieces throughout the newspaper and magazine industry. As stated by 60 Minutes, "MMA is the fastest growing sport in the country, appealing to the coveted demographic that advertisers have been losing steadily -- males ages 18 to 34." "Don't look now, but mixed martial arts has gone mainstream," says Julie Scelfo of Newsweek. Grapplearts Writer Donald Walter states, "Mixed martial arts is the fastest growing sport in the United States as mixed martial arts events and training centers spring up all over the country. And the money the sport is making continues to grow at a nearly exponential rate!" In its December 6, 2006 profile on Ultimate Fighting, USA Today writer Marco della Cava states, "Football and baseball may be American pastimes, but for a high-tech generation weaned on immediacy, such sporadic action doesn't compare with UFC's short and definitive flurries of violence." SUN Investment Banker and Broker Dealer, Titan Securities Inc., President Brad Brooks stated, "SUN has a very compelling business proposition and we are very excited to help in playing a role in their future." Titan Securities will be providing Investment Banking services as SUN looks at potential acquisition opportunities as well as Broker Dealer services for the Company. SUN will also be doing a $5,000,000 financing upon the completion of the merger, through the issuance of private stock. This will be in the form of a "Reg D" and "Reg A" financing with participating broker dealers in the US and Europe. Terms of the offering have not been released. About Titan Securities: TITAN SECURITIES Inc.,is a subsidiary of American Capital Securities, Inc., a financial services holding company, based in Dallas, TX. Titan is a fully disclosed broker/dealer conducting all of their stock, bond, and option business through Pershing, LLC. Pershing, LLC also holds client assets in custody worth over $700 billion. Accounts are protected under Security Investor Protection Corp (SIPC). About SUN: SUN Management Group is a Professional Sports - Entertainment - Events, Marketing Company. SUN Production Group is a Certified Texas Combat Sports Promoter and produces World Class Boxing and Mixed Martial Arts. The properties of SUN, Art of War and International Fighters Association are registered. Todd Violette - Chairman/CEO Holographic Storage Inc. 102 NE 2nd Street, Suite 265 Boca Raton, FL 33432 Phone: 561-542-6039 Fax: 800-859-4726 CJ Comu, Chairman/CEO SUN Management Group Inc. 15851 Dallas Parkway, Suite 225 Addison, TX, 75001 USA Tel: 972.392.1414 EXT 114 Fax: 972.392.1429 Forward-Looking Statements: This release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and SUN's management's expectations, hopes, beliefs, intentions or strategies regarding the future financial condition, and results of operations. There can be no assurance that future developments actually affecting SUN will be those anticipated. Important factors that could cause actual results to differ (favorably or unfavorably) from the expectations stated in this release include the risks and uncertainties such as the conditions of the markets for live events, broadcast television, cable television, pay-per-view, Internet, entertainment, professional sports, and licensed merchandise; acceptance of the Company's brands, media and merchandise within those markets; uncertainties relating to litigation; risks associated with producing live events; uncertainties associated with international markets; risks relating to maintaining and renewing key agreements, including television distribution agreements; effects of competition, including locations of competitors and operating and market competition. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. SUN undertakes no obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. This press release may include the opinions of SUN and does not necessarily include the views of any other person or entity. The names of all SUN, televised and live programming, images, and logos are trademarks, which are the exclusive property of SUN Management Group, Inc. All other trademarks and trade names mentioned in this release are the property of their respective owners, and are not affiliated with SUN in any way. |
| Trackback url: https://press.abc-directory.com/press/914 |