STRATUS MEDIA GROUP, INC. NAMES JEROLD RUBINSTEIN,
FORMER CO-OWNER OF UNITED ARTISTS RECORDS,
AS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER
Renowned Entertainment Executive Brings Proven Record of Business Leadership to Stratus
SANTA BARBARA, CA (June 29, 2012) - Stratus Media Group, Inc. (OTCQB:SMDI) announced today that Jerold Rubinstein has been appointed CEO and Chairman of the Board of Stratus Media Group, Inc. and its subsidiary ProElite, Inc. (OTC Pink:PELE). Mr. Rubinstein replaces Paul Feller, who will remain a consultant to the company.
Mr. Rubinstein has been a member of the board of directors of Stratus since March 2011 and has been chairman of the audit committee since that time. He is a member of the board of directors and the chairman of the audit committee of CKE Restaurants, the parent company of Carl’s Jr. Restaurants and Hardee’s Restaurants, which had $1.3 billion in revenues in 2011. He also serves as the non-executive chairman of U.S. Global Investors Inc., a mutual fund advisory company which had $42 million of revenues in 2011 and $2.6 billion of assets under management. Mr. Rubinstein has created and sold numerous companies during his career, including Bel Air Savings and Loan and DMX, a cable and satellite music distribution company. Mr. Rubinstein started and sold XTRA Music Ltd., a satellite and cable music distribution company in Europe. Most recently Mr. Rubinstein consults with, and serves on, 3 early stage development companies. Mr. Rubinstein is both a CPA and attorney.
Details and updates for all Stratus Media Group events are available at www.stratusmediagroup.com.
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, developer, producer, and marketer of live entertainment events. In addition, the company owns Stratus White, a new standard in personal lifestyle and card services for the global affluent. Available by invitation only, Stratus White is a discreet, elite member & partner community providing exclusive and unparalleled service and access across the luxury product & travel, social, sporting, cultural and philanthropic areas of life, including events and experiences.
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.
Chief Operating Officer