Alliance MMA Acquires IT Fight Series
December 12 2016 - 1:30PM
Business Wire
First Acquisition Since Listing on NASDAQ
Delivers on Expansion Plans
Alliance MMA, Inc. ("Alliance MMA" or the "Company") (NASDAQ:
AMMA), a mixed martial arts organization offering premier
promotional opportunities for aspiring mixed martial arts fighters,
announced today the acquisition of Ohio-based MMA promotion Iron
Tiger Fight Series (IT Fight Series). This acquisition, the first
since the Company completed its initial public offering (IPO) and
listing on the NASDAQ stock exchange, is the initial step in
executing Company’s plan to expand its total number of MMA events
to at least 125 per year.
“Our vision is to acquire leading regional MMA promotions across
the country in order to build a national footprint including every
major media market,” said Paul K. Danner, Chief Executive Officer
of Alliance MMA. “The successful acquisition of IT Fight Series
will help achieve that goal by rounding out our presence in the
Midwest, and more importantly, provides conclusive validation that
our acquisition strategy is performing as planned. We further
expect that our objective of developing and showcasing fighters
through regional promotions across the country will result in
securing major brand sponsorship revenue for our live MMA events,
digital media and Alliance MMA fighters.”
In October, in conjunction with the successful completion of its
IPO, the Company acquired five regional promotions including New
Jersey-based Cage Fury Fighting Championship (CFFC),
Washington-based Combat Games MMA (COGA), Illinois-based Hoosier
Fight Club (HFC), Tennessee-based V3 Fights and Maryland-based
Shogun Fights. Later the same month, it announced its plan to
launch a regional promotion in Southern California. The Company
plans to promote ultimately over 125 events a year, showcasing more
than 1,000 fighters, through regional promotions operating under
the Alliance MMA umbrella.
“We are truly excited to be part of a publicly-traded entity
that plans to make such a significant impact on the MMA industry,”
said Scott Sheeley, the founder of IT Fight Series. “Joining the
Alliance MMA team not only allows us to reduce overhead by
centralizing common business functions, it creates the opportunity
to spend more time focusing on promoting superior events, boosting
ticket sales, and increasing our number of events each year through
geographical expansion.”
IT Fight Series was founded by Mr. Sheeley in 1995, and
currently hosts approximately ten MMA promotions per year in
various cities throughout the Ohio region. This past Saturday, IT
Fight Series promoted its 70th show in the Ohio Expo Center in
Columbus to a sold-out crowd. Since launching its inaugural event,
IT Fight Series has promoted more than a dozen fighters who went on
to compete at the highest level of professional MMA competition
with Ultimate Fighting Championship (UFC), Bellator and other
premier promotions. Mr. Sheeley is a former professional fighter
with over 40 bouts and 25 years of experience in various styles of
martial arts. He has appeared in several major motion pictures, and
has created and operated a number of successful business ventures
outside of his MMA promotion.
About Alliance MMA, Inc.
Alliance MMA, Inc. (NASDAQ: AMMA) is a mixed martial arts
promotion company offering premier promotional opportunities for
aspiring mixed martial arts (MMA) fighters to showcase their talent
and advance to the sport’s highest level of professional
competition. Alliance MMA’s mission is to identify and develop the
next generation of fighters and champions to eventually compete in
the Ultimate Fighting Championship (UFC) and other leading MMA
promotions.
With some of the world’s leading MMA promotions under the
Alliance MMA umbrella, the organization aims eventually to host in
excess of 125 events per year, showcasing more than 1,000 fighters.
Alliance MMA is also dedicated to generating live original sports
media content, attracting an international fan base, and securing
major brand sponsorship revenue for live MMA events, digital media
and Alliance MMA fighters.
MMA is the world’s fastest growing sport with worldwide fans of
approximately 300 million according to sports marketing research
firm Repucom. MMA is a full contact sport that allows a wide range
of fighting techniques, including striking and grappling from
various martial arts and disciplines including Boxing, Wrestling,
Brazilian Jiu Jitsu, Karate and Muay Thai. Professional MMA fights
are legal and regulated by state athletic commissions in all 50
states.
Alliance MMA, Inc. was incorporated in 2015 for the purpose of
acquiring businesses that engage in the promotion of mixed martial
arts (MMA) events. In 2016, the company completed an initial public
offering which culminated in a listing on the NASDAQ stock
exchange. Alliance MMA is the only mixed martial arts promotion
company that is publicly traded.
For more information visit, www.alliancemma.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. These statements relate
to anticipated future events, future results of operations or
future financial performance. In some cases, you can identify
forward-looking statements by terminology such as “may,” “might,”
“will,” “should,” “intends,” “expects,” “plans,” “goals,”
“projects,” “anticipates,” “believes,” “estimates,” “predicts,”
“potential,” or “continue” or the negative of these terms or other
comparable terminology. Actual results may differ materially from
historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, those discussed under the heading “Risk Factors” in our
registration statement on Form S-1 (Registration No. 333-213166)
declared effective by the Securities and Exchange Commission on
September 2, 2016. Alliance MMA encourages you to review other
factors that may affect its future results in Alliance MMA’s
registration statement and in its other filings with the Securities
and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20161212005994/en/
Alliance MMA, Inc.James Platek, 212-739-7825, x707Director,
Investor RelationsorRubenstein Public RelationsKristie Galvani,
212-805-3005kgalvani@rubensteinpr.com
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