ProElite

ProElite, Inc.
Type	Public (OTC Markets Group: PELE)
Industry	Sports promotion
Founded	2006
Headquarters	Los Angeles, California, United States
Key people	William Kelly President & Chief Operating Officer, Chairman Paul Feller, Glenn Golenberg, Douglas De Luca
Subsidiaries	EliteXC, Cage Rage, Spirit MC, Icon Sport, King of the Cage
Website	http://www.proelite.com/

ProElite, Inc. (OTC Markets Group: PELE) is an American entertainment and media company involved in the promotion of mixed martial arts (MMA).

1 History
- 1.1 First incarnation
- 1.2 Second incarnation
2 List of Events
3 Results
4 Current Champions
5 Key people
6 References
7 External links

History

First incarnation

Founded in 2006 in partnership with Showtime Networks Inc. (a CBS Corporation subsidiary), the firm initially promoted live MMA events broadcast on Showtime and Showtime PPV under the EliteXC promotional banner.^[1]

CBS contracted with ProElite to show live events on prime time network television^[2] with the first airing scheduled for May 31, 2008.

A focal point of ProElite's live event promotions was Elite XC. Running its first show in 2007, it quickly became one of the most visible brands in mixed martial arts in the United States. ProElite also acquired several long-standing mixed martial arts promotions since its founding, including King of the Cage, Hawaii-based Icon Sport, and British promotion Cage Rage.^[3] The company also had working relationships with Rumble on the Rock,^[1] Japanese-based DREAM^[4], South Korean-based Spirit MC, and Northern California-based Strikeforce.^[5]

ProElite also operated ProElite.com, a web portal with social networking for MMA fighters and fans and live streams of MMA bouts not broadcast on Showtime.

Second incarnation

In March 2011 ProElite was rumored to be the unsuccessful second bidder against the UFC in an attempt to acquire rival MMA promotion Strikeforce. The offer was said to exceed 40 million dollars. Principals at ProElite immediately confirmed the companies intention to re enter the MMA live event promotional business as they had with the record breaking Kimbo Slice events on CBS.

Rumors immediately began circulating that ProElite was targeted as a strategic acquisition by either the UFC or an unidentified third party investor wishing to enter the MMA promotional space. PELE.PK stock jumped from .01 per share to more than .20 per share in two days as investors realized the stock routinely traded at $15 per share while ProElite was promoting live events.

In June 2011, Stratus Media Group secured a 95% ownership of ProElite.^[6] The group confirmed their intention to return to promoting mixed martial arts with former ICON owner T. Jay Thompson and former Strikeforce matchmaker Rich Chou brought on board to run the show.^[7] The company's return show took place on August 27, 2011 in Hawaii and streamed live on Sherdog.com.

List of Events

Event	Date	Location	Venue	Broadcast
ProElite 3	02012-01-21 January 21, 2012	Honolulu, Hawaii	Neal S. Blaisdell Center
ProElite: Big Guns	02011-11-05 November 5, 2011	Moline, Illinois	i wireless Center	HDNet
ProElite: Arlovski vs. Lopez	02011-08-27 August 27, 2011	Honolulu, Hawaii	Neal S. Blaisdell Center	Sherdog.com

Results

Pro Elite 3^[8]

Middleweight Championship bout: Kendall Grove vs. Ikuhisa Minowa
Heavyweight Tournament Semi Final: Ryan Martinez vs. Cody Griffin
Heavyweight Tournament Semi Final: Jake Heun vs. Richard Odoms
Catchweight bout: Kaleo Gambill vs. Brent Schermerhorn

Pro Elite 2^[9]

Heavyweight bout: Tim Sylvia def. Andreas Kraniotakes via unanimous decision (30-27, 30-27, 30-27)
Heavyweight bout: Andrei Arlovski def. Travis Fulton via KO (head kick) - Round 3, 4:59
Welterweight bout: Evan Cutts def. Reagan Penn via unanimous decision (30-26, 30-27, 30-27)
Heavyweight Tournament Opening Round: Ryan Martinez def. Mark Ellis via unanimous decision (30-27, 30-27, 30-27)
Heavyweight Tournament Opening Round: Jake Heun def. Ed Carpenter via TKO (punches) - Round 1, 3:17
Heavyweight Tournament Opening Round: Cody Griffin def. Justyn Riley via TKO (punches) - Round 3, 0:32
Heavyweight Tournament Opening Round: Richard Odoms def. Rodney Housley via unanimous decision (30-27, 30-27, 30-27)
Lightweight bout: Waylon Lowe def. Floyd Hodge via TKO (doctor's stoppage) - Round 2, 5:00
Heavyweight Tournament Reserve bout: Todd Monaghan def. Richard McCraw via submission (rear-naked choke) - Round 1, 0:29

Pro Elite 1^[10]

Middleweight bout: Kendall Grove def. Joe Riggs via submission (guillotine choke) - Round 1, 0:59
Heavyweight bout: Andrei Arlovski def. Ray Lopez via TKO (punches) - Round 3, 2:43
Welterweight bout: Reagan Penn def. Paul Gardiner via submission (rear-naked choke) - Round 1, 1:10
Heavyweight bout: Mark Ellis def. Jake Heun via submission (rear-naked choke) - Round 2, 2:29
Women's (135lbs.) bout: Sara McMann def. Raquel Pa'aluhi via submission (keylock) - Round 3, 2:53
Catchweight (196lbs.) bout: Drew McFedries def. Garrett Olson via TKO (punches) - Round 2, 4:04
Middleweight bout: Kaleo Gambill def. Eldon Sproat via TKO (punches) - Round 1, 1:31
Lightweight bout: Dustin Barca def. Reno Remigio via TKO (doctor's stoppage) - Round 2, 5:00
Welterweight bout: Brent Schermerhorn def. Jesse Lundgren via KO (punches) - Round 1, 1:38
Heavyweight bout: Joey Palemia def. Chad Thomas via unanimous decision

Current Champions

Division	Upper weight limit	Champion	Since	Title Defenses
Heavyweight	265 lb (120 kg; 18.9 st)
Light Heavyweight	205 lb (93 kg; 14.6 st)
Middleweight	185 lb (84 kg; 13.2 st)
Welterweight	170 lb (77 kg; 12 st)
Lightweight	155 lb (70 kg; 11.1 st)
Featherweight	145 lb (66 kg; 10.4 st)
Bantamweight	135 lb (61 kg; 9.6 st)

Key people

T. Jay Thompson - Head of Fight Operations
Rich Chou - Matchmaker

References

^ ^a ^b "SHOWTIME TO TELEVISE MIXED MARTIAL ARTS EVENTS". 2006-11-13. http://www.sho.com/site/announcements/111306mma.do?source=shocom_home. Retrieved 2007-09-16.
^ "CBS to Air MMA Events". 2008-02-28. http://ap.google.com/article/ALeqM5hSvhYTTOdIpNNluc_L2QuJJ7WkRwD8V3M7N01. Retrieved 2008-03-03.
^ Pishna, Ken (2007-09-13). "PROELITE CONTINUES EXPANSION, ACQUIRES KOTC". MMAWeekly.com. http://www.mmaweekly.com/absolutenm/templates/dailynews.asp?articleid=4694. Retrieved 2007-09-16.
^ "PRO ELITE & DREAM ANNOUNCE PARTNERSHIP". 2008-05-10. http://www.mmaweekly.com/absolutenm/templates/dailynews.asp?articleid=6248&zoneid=4. Retrieved 2008-05-18.
^ "Elitxc and Strikeforce Create Strategic Alliance". 2007-01-31. http://www.proeliteinc.com/phoenix.zhtml?c=84499&p=irol-newsArticle&ID=1045205&highlight=. Retrieved 2007-09-16.
^ "Stratus Media Group Secures 95% Ownership of ProElite". 2011-06-21. http://mmapayout.com/2011/06/stratus-media-group-secures-95-ownership-of-proelite/. Retrieved 2011-07-05.
^ "Pro Elite Targeting August for Return; T. Jay Thompson & Rich Chou on Board as Executives". 2011-06-27. http://mmaweekly.com/pro-elite-targeting-august-for-return-t-jay-thompson-rich-chou-on-board-as-executives. Retrieved 2011-07-05.
^ "ProElite 3". 2011-12-10. http://mmajunkie.com/news/26482/proelite-3-official-with-grove-vs-minowa-grand-prix-semifinals-on-jan-21.mma. Retrieved 2011-12-11.
^ "ProElite 2: Big Guns". 2011-11-05. http://mmajunkie.com/event/867/proelite-2-sylvia-vs-kraniotakes.mma. Retrieved 2011-11-05.
^ "ProElite Results: Arlovski vs. Lopez". 2011-08-28. http://www.mmafighting.com/2011/08/28/proelite-results-arlovski-vs-lopez/. Retrieved 2011-11-05.

External links

Official Homepage