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[brokenneverbeat]

ProElite Will Promote MMA Events Again -- MMA Fighting

ProElite Inc., the former company behind EliteXC, has been relaunched.

A live entertainment company called the Stratus Media Group, Inc. announced Tuesday that it has assumed control over the board of directors and management of ProElite. With the acquisition, ProElite will return to promoting MMA events.

Last October, Stratus Media acquired a 95% interest in ProElite for $2 million.

ProElite remains the owner of Cage Rage and a stake in Spirit MC in South Korea. Last July, Terry Trebilcock closed an agreement to reassume control over King of the Cage. In Cage Rage's absence, the founders created Ultimate Challenge UK. A few years ago, Cage Rage was the No. 1 promotion in the UK and the relaunch of ProElite could see the return of the promotion

[Pasha K]

We will see if they have learned from their mistakes.