WAR reversed the action that would have made the company a wholly owned subsidiary of ZUMA. Based on several mitigating factors WAR has elected to terminate the Memorandum of Understanding between the two entities. WAR looks forward to working with ZUMA in the future as it relates to production & distribution of licensed video products.
Burbank, CA (PRWEB) April 16, 2006 -- World Arena Rugby Union, LLC (“WAR”) announce the termination of their Memorandum of Understanding with Zuma Beach Entertainment, Inc. (“ZUMA”)
WAR announces that on April 7th, 2006 what once was a promising relationship has been dissolved.
WAR reversed the action that would have made the company a wholly owned subsidiary of ZUMA. Based on several mitigating factors WAR has elected to terminate the Memorandum of Understanding between the two entities. WAR looks forward to working with ZUMA in the future as it relates to production & distribution of licensed video products.
WAR is a privately held Company that owns, operates and manages all aspects of the new sports league, World Arena Ruby Union.
Our new sport is known for its irreverent "kill-the-man-with-the-ball" style, will be hitting the scene next year with 6 teams and a planned international expansion. The game showcases 14 of the toughest men on earth battling for 52 minutes in a seven-a-side version of rugby, on artificial turf within the confines of an indoor arena. It is a rough, physically demanding, electrifyingly entertaining, and above all fan-friendly sport.
The sports industry is $375B business. Sponsorship spending in sports is larger than the U.S. Banking Industry, Auto Industry or the Transportation Industry. According to the Street and Smith Sports Journal, annual spending for sports advertising is $25B.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" relating to World Arena Rugby Union, LLC (“WAR”) within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements.
Editorial Contact:
Mark Savoy
World Arena Rugby Union, LLC
(818) 333-2620
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