LOS ANGELES--(BUSINESS WIRE)--Stratus Media Group, Inc. (OTCBB: SMDI - News) a live entertainment company, today announced that it has established an office in Geneva, Switzerland to address the live entertainment markets in Europe, the Middle East and Africa. The Geneva office will focus on business development, acquisitions, sponsorship sales, media sales and the management and marketing of events. In the fourth quarter of 2009, the company intends to expand this office to address the European market for its Stratus Rewards Visa White Card program.
Paul Feller, President of Stratus, stated that “In the events and entertainment business, a successful event can readily cross borders and be easily adapted to new markets. One of our key strategic objectives is to provide sponsors and attendees a broad array of events, demographics and geographic markets to maximize the effectiveness of their investments and experiences. The Geneva office will be a key step in broadening the geographic markets we can provide to sponsors.”
Emanuele Rossi, Vice President of International Business Development, added “I am very encouraged by the initial responses received from potential event acquisition targets for automobile shows, auto racing and rallies, film festivals, music festivals and sporting events. I believe that Stratus is well positioned to aggregate key event properties in these new markets.”
The address for the Geneva office is: Stratus Media Group, Inc., Chateau du Martheray, 1268 Begnins, Switzerland, telephone +41 79 4212362.
About Stratus Media Group, Inc.
Incorporated in November of 1998, 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 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.
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