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

press release

June 29, 2012, 7:33 p.m. EDT

Renowned Entertainment Executive Brings Proven Record of Business Leadership to ProElite

LOS ANGELES, Jun 29, 2012 (BUSINESS WIRE) -- ProElite, Inc. (otc pink ELE) 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 .

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. ( www.proelite.com )

http://www.marketwatch.com/story/proelite-inc...2012-06-29