Stratus Media Group Announces Upcoming ProElite MMA Event In Hawaii

ProElite Inc. to Begin New Era in the Cage

LOS ANGELES, June 29, 2011 -- ProElite, Inc (Pink Sheets: PELE), today announces its next step in mixed martial arts (MMA) with a fight in Oahu, Hawaii on Saturday, August 27th.

The chosen venue is the Neal S. Blaisdell Arena in Waikiki, the world-famous beach resort destination, marking the third time ProElite will bring its MMA event to the Arena.

The August event is ProElite’s first under the new ownership of Stratus Media Group Inc. (OTCBB: SMDI). Stratus Media Group recently closed the acquisition of 95% of ProElite.

“The timing could not be better!” said T.Jay Thompson, Vice President of ProElite Fight Operations. “MMA continues to see solid growth and has achieved mainstream acceptance across all visual media platforms in the last few years. It still has plenty of time to mature in the sporting arena.”

Fighter signings and match-ups for the August 27th Blaisdell Arena card will be released soon.

ABOUT PROELITE

Based in Los Angeles, California, ProElite is a major stakeholder in Spirit MC in South Korea and owns the U.K. based Cage Rage MMA Organization. Founded in 2006, ProElite still holds the record for highest ratings for a major network telecast of an MMA event and showcases live international MMA fight events where leading and promising up-and-coming MMA Fighters compete in the cage.

ABOUT STRATUS MEDIA GROUP

Headquartered in Santa Barbara, CA, with offices in Los Angeles, California; New York City, NY; Geneva, Switzerland; and Perugia, Italy, Stratus Media Group, Inc. (SMDI) is an owner, operator, producer, and marketer of live entertainment events. In addition, the company owns Stratus Rewards Visa White Card, an ultra-exclusive consumer rewards marketing and redemption program, providing premium redemption benefits to members in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards.
www.stratusmediagroup.com www.stratusmotorsports.com www.stratusrewards.com

Forward-Looking Statements

Statements in this press release relating to plans, strategies, projections of results, 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 and the Securities Acts of 1933 and 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. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance or achievements. The company has no obligation to update these forward-looking statements.

Source: Stratus Media Group, Inc.