Xtreme One Entertainment Completely Unaffected by SEC Actions
Xtreme One Entertainment Stands Apart from SEC Judgments
Xtreme One Entertainment, Inc. (OTC Pink: XONI), the parent company of XFC Global Inc., is making headlines as a leader in the mixed martial arts (MMA) sector. The Detroit-based company has reaffirmed that its operations, particularly its Xtreme Fighting Championships MMA division, remain unaffected by recent Securities and Exchange Commission (SEC) judgments against Xtreme Fighting Championships, Inc.
On April 15, the SEC announced sanctions resulting from a fraud case tied to Xtreme Fighting Championships, Inc. However, Xtreme One Entertainment has clearly stated that it has no affiliation with the parties involved in these actions. Chris Defendis, the President of Xtreme One Entertainment, emphasized, "We had no involvement in the SEC enforcement action, nor do we have any affiliation in any way with the parties involved." This clear distance from the SEC's findings enables Xtreme One Entertainment to focus on its growth without hindrance from past issues.
Understanding the SEC's Judgment
The SEC's rulings entail significant penalties totaling over $1.2 million against the Xtreme Fighting Championships, Inc., including a ban prohibiting CEO Steve A. Smith Jr. from holding any officer or director positions at public companies in the future. These measures stem from a fraudulent scheme that has drawn the attention of regulators. Xtreme One Entertainment expressed appreciation for the SEC's diligence in resolving this matter, ensuring that they can progress without the weight of previous governance failures.
About Xtreme One Entertainment
Since its establishment in 1995, Xtreme One Entertainment has grown into a diversified holding company, focusing on various sectors including media, entertainment, and sports. Its subsidiary, XFC Global, Inc. (XFC), represents a pivotal part of its operations by managing brands and intellectual property previously managed by Xtreme Fighting Championships, Inc. This encompasses over 50 professional MMA events that have captivated audiences across the U.S. and Latin America since 2006.
In 2023, Xtreme One Entertainment acquired XFC Global, enhancing its capabilities and outreach in the fast-paced MMA industry. The seasoned board and management team at Xtreme One Entertainment have been at the forefront, showcasing their commitment by delivering five televised professional MMA events that have received millions of viewers’ attention. Live broadcasts of XFC fights can be found on a variety of platforms including beIN Sports, Band Sports, and Pay Per View, ensuring a broad audience reach for the thrilling matches.
Investor Engagement and Future Growth
Xtreme One Entertainment is not just about exciting fights; it is also deeply committed to its investors. The company invites retail investors to participate in its Shareholder Rewards program, which offers exclusive discounts on merchandise, VIP access to events, and other exciting benefits. For those interested in staying updated with company news, additional details can be found on XtremeOne.com or XFC.global.
Contact Information
For investor-related inquiries, Zachary Mizener is the point of contact. Investors can reach out for assistance and additional information through the provided email contact.
Frequently Asked Questions
What is the significance of the SEC judgments against Xtreme Fighting Championships?
The SEC judgments highlight serious fraudulent activities associated with Xtreme Fighting Championships, Inc., including substantial financial penalties and management bans.
How is Xtreme One Entertainment related to the SEC judgments?
Xtreme One Entertainment has clarified that it has no involvement or affiliation with the parties tied to the SEC's actions, ensuring its operations remain unaffected.
What events does Xtreme One Entertainment's XFC promote?
XFC promotes a range of professional MMA events that have gained significant media coverage and popularity in both the U.S. and Latin America.
How can investors engage with Xtreme One Entertainment?
Investors can participate in the Shareholder Rewards program for exclusive benefits and stay updated on company developments through official channels.
What platforms broadcast XFC fights?
XFC events are streamed on numerous platforms, including beIN Sports, Band Sports, and various Pay Per View services, enhancing viewer accessibility.
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