Veteran Allen & Company Executive and Advisor to Stratus Ups Involvement to Become Board Member
LOS ANGELES--(BUSINESS WIRE)-- Stratus Media Group, Inc. (OTCQB:SMDI), a global live events company, announced today the appointment of Jack Schneider as an Independent Member of its Board of Directors. Mr. Schneider has served as an Advisor to the Board of Stratus Media Group since December of 2011.
Mr. Schneider served for over 30 years as Managing Director of Allen & Co., an international investor, underwriter, and broker to some of the biggest names in entertainment, technology, and information. He also pioneered The Allen & Company Sun Valley Conference, widely considered one of the most influential gatherings of international business leaders, annually. Mr. Schneider is Chairman of the Buoniconti Fund to Cure Paralysis, a role he has held for 25 years. He has contributed for over a decade as a board member of the National Mentoring Partnership and has extensive contributions with the St. Vincent’s Services to kids. He currently makes his offices at Dominick & Dominick, a Wall Street investment firm founded in 1870.
“Having served as an Advisor to Stratus Media Group I have come to recognize the tremendous opportunity the Company has to contribute to a positive shift in the global live events culture, where ownership of intellectual property extends to all forms of media and promotion,” commented Mr. Schneider. “With Jerry Rubinstein at the helm, Stratus Media is well positioned to execute on the opportunity. I’m honored that I have been invited to become more involved with the Company and to help extend the reach of its portfolio throughout multiple business segments.”
Stratus Media Group Chairman and CEO Jerry Rubinstein added, “Jack brings a wealth of relationships and expertise to Stratus Media that we will be able to better leverage now that he is on our Board. I have known Jerry for many years and am very excited to work more closely with him to unlock value in the platform we have here at Stratus Media and to build a truly innovative leader in live entertainment events.”
ABOUT STRATUS MEDIA GROUP
Headquartered in Los Angeles, California, Stratus Media Group, Inc. (OTCQB:SMDI) is an owner, operator, developer, producer, and marketer of live entertainment events. The company’s 95% owned subsidiary ProElite, Inc. produces and promotes mixed martial arts events, one of the fastest growing sports. 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.
Stratus Media Group
William Kelly, Chief Operating Officer
310-526-8700, Ext. #3
Source: Stratus Media Group