Stratus Media Group Engages Advisory Firm to Provide Third-Party Valuation of Its Live Entertainment Properties
LOS ANGELES-(Business Wire)-January 27, 2009 - Stratus Media Group, Inc. (OTCBB: SMDI) today announced it has engaged The Mentor Group to conduct a valuation of the company’s live entertainment properties.
“We anticipate that 2009 will be a milestone year for our organization. Obtaining an independent valuation of the company’s live entertainment properties is critical as we continue to execute our domestic and international growth plans,” said Paul Feller, president and chief executive officer for Stratus Media Group, Inc.
“We look forward to working with management and providing services to support the company’s strategic growth through its current properties and future acquisition of events and related services,” said David Blaine, chairman of Mentor Group.
The Mentor Group is a full service, national investment banking, financial advisory, valuation and appraisal firm.
About Stratus Media Group, Inc.
Incorporated in November of 1998, Los Angeles based-Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events. The company is primarily focused on internal growth and acquisitions within the live entertainment-related market — including action sports, automotive shows, college sports, food events, motor sports, music concerts and festivals, running events, diversified media marketing, trade shows and expositions, and talent management. In addition, the company intends to expand its consumer rewards marketing and redemption activities through its recently acquired Stratus Rewards Visa White Card — providing exclusive redemption benefits to its cardholders in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards for specified levels of use.
Forward Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
