There's more good news coming from SUN Sports & Entertainment Inc. (PINKSHEETS: SSPE). Yesterday after the stock markets closed, the company (which began trading March 7th) issued a press release announcing that the "Art of War" Undisputed World Championship Fight will be seen for the first time on HDNet on Friday March 23rd, 2007 @ 9:30pm EDT.
"Art of War," the mixed-martial arts event at the American Airlines Center (Dallas) on March 9th, 2007, was a huge success for the company, which reported approximate gross revenue of $500,000. This is a combination of Live Gate, Sponsors, Merchandise and Media. The Company also stated that it had approximate net profit of $150,000.
"For SUN to draw a crowd of 6,722 (total attendance) for our first 'Art of War' event was beyond our expectations and certainly an indication that SUN is to be considered a serious player in the fast-growing sport of mixed-martial arts. We are confident that we delivered a world class event and from all indications the universal comments were -- when is the next event," stated SUN CEO CJ Comu.
Through this event, SUN has officially entered the MMA Arena as a new player in (according to Newsweek Magazine) "the fastest growing sport in America."
Wall Street News Alert continues to place Aggressive Investors on alert to monitor the progress and the results of SUN Sports & Entertainment! The nationwide MMA market is estimated to be $1 billion with one primary player in the space, which is privately held and controlled by UFC.
SSPE stock closed Tuesday at around Forty Three cents a share.
For Wall Street News Alert's updated and in-depth profile of SUN Sports & Entertainment, visit http://www.thenewssvc.com/SSPE032007.html
HDNet is the first national television network broadcasting all of its programming in 1080i HD, the highest-quality format of high-definition television (HDTV). Launched September 2001 by co-founders Mark Cuban and Philip Garvin.
In case you are not familiar with the company: SUN is a Professional Sports & Entertainment Marketing Company. SUN Production Group is a Certified Texas Combat Sports Promoter and produces World Class Boxing and Mixed Martial Arts. The properties of SUN (www.sunorganization.com), Art of War (www.artofwarlive.com) and International Fighters Association (www.ifapro.com) are pending trademarks. SUN management team has over 25 years' experience in sports and entertainment and has managed the largest boxing events of the past 30 years, events such as Chaves vs. Whitaker (Alamodome 1993, 65.000) and De La Hoya vs. Charpenter (SUN BOWL 1998, 52.000).
Clear Channel Radio (NYSE: CCU) down 0.3% on 5.4 million shares traded. Clear Channel Radio is a leading radio company focused on serving local communities across the U.S.
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"Home builders, in a survey done by the National Association of Home Builders, said that their index fell in March, the first decline since September. The index measures builders' optimism and sentiment regarding future building confidence," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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