IFL Goes Public AND Adds a New Team

by: DarthMolen 2 years, 3 days, 15 hours, 34 minutes ago 0

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The IFL has officially gone public. They just finished their reverse stock merger with Paligent and are now called International Fight League, Inc. They are traded under the symbol "IFLI". All this after only eight months of existence. Congratulations IFL!

INTERNATIONAL FIGHT LEAGUE (IFL) BECOMES PUBLICLY TRADED COMPANY

Completes Merger and Begins Trading Under New Stock Symbol: IFLI

NEW YORK, November 29, 2006- International Fight League, Inc. (OTC.BB: IFLI), the world's first team-based professional mixed martial arts league, today reached another milestone in its early history, becoming one of a handful of professional sports entities to be traded as a public company. Effective today, the IFL begins trading on the over the counter bulletin board under the symbol "IFLI."

"This is a landmark day for all fight sports, ranging from Mixed Martial Arts (MMA) to professional boxing," said IFL CEO Gareb Shamus. "As a publicly traded sports entity, the IFL will be able to help the sport grow beyond its current boundaries and move into the mainstream with both fans and business partners. MMA has seen some significant growth in the last few years, from the emergence of the Ultimate Fighting Championship (UFC) on Spike TV to increasing ratings and attendance numbers, and we expect our model to add to that success in this new expanded international sports marketplace."

"For a long time, champions of the sport like Ken Shamrock, Frank Shamrock, Renzo Gracie, Matt Lindland, Bas Rutten, Antonio Inoki and Pat Miletich have never been able to achieve the renown in the mainstream that they have long sought," said IFL Commissioner Kurt Otto. "By becoming a public company and having them part of the IFL, we feel that not only these legends, but the next wave of athletes, will get more of what they work for and deserve in terms of recognition. It's a great day for all fans, business partners and competitors in the sport of Mixed Martial Arts."

The IFL, which began less than eight months ago with the IFL "Legends Championship" at the Trump Taj Mahal in Atlantic City, New Jersey has already experienced success on every level.

Also, the IFL has announced their new, and final, team for 2007. It is an all-russian team based in Chicago named the Red Bears.

INTERNATIONAL FIGHT LEAGUE (IFL) COMPLETES 12 TEAM FIELD FOR INAUGURAL 2007 SEASON BY ADDINING CHICAGO-BASED TEAM OF RUSSIAN FIGHTERS

NEW YORK, November 27, 2006- The International Fight League (IFL) today announced that completion of its 12-team field for its 2007 season, adding a Chicago-based team of Russian fighters named the Red Bears. The inaugural IFL season will begin in the first quarter of 2007, with the 11 date full season schedule to be announced shortly.

"We are very pleased that we have been able to add this group of up-and-coming athletes as the 12th team for our first full season," said IFL Co-founder and Commissioner Kurt Otto. "Chicago is a hotbed for the sport and this will create a great natural rivalry with our Quad Cities team, as well as giving the strong Russian following of the sport a team to follow and connect with."

The Red Bears will be coached by MMA veteran Igor Zinoviev and will consist of a roster of athletes from Russia, who will live and train together in a renovated fire house in Chicago.