Shawshank, VA 9/12/2011 (PennyPayDay) – Takedown Entertainment Inc. (www.takedownentertainment.com) (OTC:TKDN), an authority in the business of mixed martial arts, announced today, in a press release, that it has signed a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with League S-70 of Russia, plus certain rights to the brand and sponsorship representation. As I write, shares of TKDN were up 5 percent at $1.04 per share on volume of nearly 280,000 shares.
League S-70, operating under General Director Sergey Solomatin, is one of the premier MMA organizations in Russia. The promotion consistently features the best MMA athletes in the Russian Federation including Bellator Fighting Championships middleweight tournament champion, Alexander Shlemenko, and the Sherdog.com #1 ranked European prospect, Alexander "Tiger" Sarnavskiy. League S-70's unique approach of importing MMA athletes from across the globe to compete against Russia's finest has garnered the promotion a great deal of national attention. Guests of League S-70 events have included the former MMA Heavyweight Champion Fedor Emelianenko, boxing Heavyweight Champions Vitali and Wladimir Klitschko, and the Prime Minster of Russia Vladimir Putin.
"League S-70 has ambitious plans for the future and those include our collaboration with Takedown Entertainment," said S-70 General Director Sergey Solomatin. "We are very excited to be working together with Takedown and we look forward to a mutually beneficial and prosperous future with them."
"League S-70 is the first MMA promotion outside of North America to sign with us," expanded Peter E. Wudy, President and CEO of Takedown Entertainment. "This officially establishes Takedown in the broader, international markets and is the start to working with many great MMA promoters worldwide."
Headquartered in London, UK with offices in Beverly Hills, California, Takedown Entertainment Inc. is a sports entertainment company with subsidiaries involved in the acquisition, production, distribution and marketing of mixed martial arts (MMA) programming, content and licensed products for North American and International markets.
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