ProElite Partners With Spirit MC, A Premier Korean MMA Organization
ProElite, Inc [PELE.PK], a global entertainment and media company dedicated to producing mixed martial arts (MMA) events through EliteXC, its global MMA brand, today announced it has completed an agreement to make a capital investment in Entlian Corp., a Seoul, South Korea-based organization that promotes and produces MMA events through it’s premier brand, Spirit MC.
Los Angeles-based ProElite said the investment will be represented by an infusion of cash combined with the issuance of restricted shares of ProElite Inc’s common stock. The transaction is among a series of initiatives by the company that firmly establishes its commitment to growing and supporting MMA globally. Terms were not disclosed.
In its fifth year, Spirit MC has quickly established itself as the leading MMA brand in Korea, garnering 90 percent of the market share through its broadcast media partner, CJ Media. Currently, Spirit MC boasts more than 35 elite fighters under contract, including eight of Korea’s top ten. Contributing to Entlian Corp.’s success is its MMA brands, Spirit Martial Challenge (”Spirit MC”) and Interleague, in addition to its successful developmental system for young, up and coming Korean fighters, Spirit Ranger.
“We are extremely happy to welcome Spirit MC to the ProElite family and to continue to build our global MMA brand,” said William Kelly, chief operating officer of ProElite “Entlian has firmly established its position as Korea’s No. 1 MMA organization, and the increasing popularity of Korean fighters on the worldwide MMA stage makes it a victory for everyone involved.”
“ProElite stands alone as an organization dedicated to supporting MMA globally,” said Kwang Hyun Park, founder and President of SpiritMC. “It is clear they are committed to growing the sport throughout Korea, and we look forward to working together to expanding that effort worldwide.”
“Joining forces with Spirit MC is a direct reflection of what ProElite is all about,” said Douglas DeLuca, CEO of ProElite. “We are dedicated to empowering MMA organizations globally as a way of organizing and growing the sport and expanding our worldwide audience.. With Spirit MC and its media partner, CJ Media, we are doing just that.”
