Press Release & Photo – IFL First To Award Championship Rings

Press Release:

INTERNATIONAL FIGHT LEAGUE (IFL) BECOMES FIRST MMA ORGANIZATION TO
AWARD RINGS TO ANNUAL CHAMPIONSHIP TEAM MEMBERS

Five fighters and coach of year-end championship team to be provided
with
custom-designed rings

Click here to enlarge image

NEW YORK, October 24, 2006 — The International Fight League (IFL)
today announced that it will become the first fight organization to award
the five team members and the coach of the annual season championship
team with custom-designed rings. The awarding of rings to the league
champion is a time-honored tradition in American team sports. The first
full 11 date IFL season will begin in the first quarter of 2007, with the
schedule to be announced shortly.

“We are very excited to be able to present all members of our
championship team with a custom-designed ring,” said IFL co-founder and
Commissioner Kurt Otto. “The notion of playing for that championship ring is
something fans and competitors in every team sport can clearly
understand, and by awarding rings to our champions, it makes the IFL team
concept a little clearer to the sports fan and gives each athlete something
very unique in fight sports to aim for.”

The rings were originally designed by Otto, who has also developed the
logos for many of the IFL teams, utilizing his graphic design
background. The detail includes 10 diamonds in 10-carat gold surrounding the
IFL logo in gold inlay in the center. The winning team, athlete name and
championship year will be featured on each side.

About the IFL
Founded in 2005 by Kurt Otto, a real estate investor and a life-long
martial arts participant and Gareb Shamus, chairman of Wizard
Entertainment Group, the International Fight League,, (IFL) was created to
establish a centralized and structured organization that brings the power and
influence of the mixed martial arts industry together. On August 25,
2006, IFL entered into an Agreement and Plan of Merger with Paligent,
Inc. (PGNT:OTCBB), pursuant to which IFL would emerge as the surviving
entity. For further information regarding the merger, contact Paligent at
(212) 755-5461. For more information on the IFL, go to www.IFL.tv.

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