LOS ANGELES, Sept. 19, 2008 (GLOBE NEWSWIRE) -- Stratus Media Group, Inc. (OTCBB:SMDI) today announced its common shares have been approved for trading on the OTC Bulletin Board. The company's common shares previously traded on the electronic quotation system operated by Pink OTC Markets under the symbol SMDI.PK.
The company, which will commence trading today, received notification of its approval from a sponsoring market maker following confirmation from the Financial Industry Regulatory Authority, a self-regulatory organization under the Securities Exchange Act of 1934 and the successor to the National Association of Securities Dealers, Inc. (NASD).
"The new trading status represents an important milestone in the company's evolution, providing improved liquidity and the potential to attract institutional support," said Paul Feller, chairman and chief executive officer of Stratus Media Group.
About Stratus Media Group, Inc.
Incorporated in November of 1998 as Pro Sports & Entertainment, Inc., 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.