SUN Founder & CEO CJ Comu Announces Retirement
July 31 2009 - 4:37PM
Marketwired
SUN Sports & Entertainment, Inc., (PINKSHEETS: SUNR) Founder,
Chairman and CEO CJ Comu officially announced his retirement today.
Mr. Comu helped build an aggressive path in Mixed Martial Arts
(MMA) with the creation of SUN's brands, "Art of War" and
"Mano-a-Mano."
CJ Comu has been an industry leader in MMA bringing an enormous
amount of color and character into the live events produced by SUN.
Comu stated, "The fight business is a great business and one that I
have thoroughly enjoyed for many years. I have the highest level of
respect for the professional fighters that have entered the Cage
and seen their growth into world caliber champions and celebrities.
I look forward to watching SUN rise and get bigger and brighter in
the future. This was a difficult decision, but I feel it's time
after three solid non-stop years and a chance to tend to some
personal matters long overdue."
Clyde Gentry, President of SUN who will now assume the
responsibility as Chairman, stated, "CJ has made tremendous
sacrifices for SUN, both personally and financially, and his work
ethic has been second to none. I'm proud to have served by him and
will continue to lead the charge for SUN to become a major player
in Mixed Martial Arts, leveraging the many relationships we have
cultivated over the years."
Tatum LLC (www.tatumllc.com) has been retained by SUN to provide
interim executive services for the Company. Tatum provides access
to seasoned interim executives including CFOs and other financial
leaders who offer hands-on, expertise to organizations in need.
Tatum LLC will appoint a professional to serve as SUN interim CEO,
during the executive search process.
Reed Wallace, President of White Chocolate Management
(www.whitecm.com) and the Revolution Fight Club, one of the
nation's premier MMA Production & Management Companies, stated,
"CJ Comu is truly one of the greats in the MMA business! He is a
pioneer and creative genius and one of the most honorable people we
have dealt with."
About Tatum, LLC:
Companies turn to Tatum when critical business challenges arise
because they immediately deliver financial and technology
operational expertise via solutions tailored to the Office of the
CFO. Tatum understands the urgency of NOW and can leverage nearly
1,000 executives in 37 Offices consulting professionals nationwide
to accelerate results to create more value. For more info, visit
www.TatumLLC.com.
About SUN:
SUN Sports & Entertainment, Inc. (www.sunorganization.com)
is a Professional Mixed Martial Arts (MMA) Event Production and
Promotion Company specializing in concept-driven MMA events. SUN is
a Certified and Licensed Combative Sports Promoter that produces
World Class MMA Events under the brand, Art of War
(www.artofwarlive.com).
Safe Harbor Statement -- This release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 27E of the Securities Act of 1934. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions. Such
statements are based on management's current expectations and are
subject to certain factors, risks and uncertainties that may cause
actual results, events and performance to differ materially from
those referred to or implied by such statements. In addition,
actual or future results may differ materially from those
anticipated depending on a variety of factors, including continued
maintenance of favorable license arrangements, success of market
research identifying new product opportunities, successful
introduction of new products, continued product innovation, sales
and earnings growth, ability to attract and retain key personnel,
and general economic conditions affecting consumer spending.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Sun Sports & Entertainment Inc. does not intend to update any
of the forward-looking statements after the date of this release to
conform these statements to actual results or to changes in its
expectations, except as may be required by law.
For Further Information: SUN Contact Email Contact
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