2009-05-19 15:18:13 -
Stratus Media Group, Inc. (OTCBB:SMDI), a live entertainment company, today announced the appointment of Glenn Golenberg to the Board of Directors effective April 30, 2009.
“Glenn has been an investor in Stratus for over four years and I believe he will make a strong contribution to the board and to the success of Stratus as we begin to execute our business
plan,” said Paul Feller, President of Stratus. “His broad experience in developing and growing companies will be invaluable to us as we realize the growth potential within Stratus today.”
Mr. Golenberg added that “I have been watching Stratus assemble its team and portfolio of businesses for several years, and I believe that now is the right time to begin reestablishing the portfolio of events and the Stratus Rewards program as part of an exciting vision for domestic and global growth within the live entertainment space. I look forward to assisting the leadership team in realizing their plans for growth.”
Glenn Golenberg has been engaged in the financial services industry since 1966 and been involved in transactions that have historically included mergers and acquisitions, initial public offerings (IPO's), financial restructurings, venture capital financings, and leveraged buyouts (LBO's). Prior to that time, Mr. Golenberg was a C.P.A. with Arthur Andersen. Since 1978, Mr. Golenberg has been a co-founder and Managing Director of Golenberg & Company, a merchant banking firm that invests in and offers financial advisory services to a wide variety of businesses. He is also a Managing Director of The Bellwether Group, a merchant bank which provides strategic and financial consulting services to expansion-stage emerging technology and life-science related companies. Mr. Golenberg is a Director of Grill Concepts, Inc. and has been a director of numerous publicly held companies in the past. He is also Senior Advisor to Outsource Partners International, Inc., a director of Virtual Media Group Ltd., founder and director of K/E Medical Centers, and co-vice chairman of Skyview Capital. Mr. Golenberg was recently recognized by the Los Angeles Business Journal’s Angels of L.A. as one of the “29 Top Los Angeles-Area Investors.”
Mr. Golenberg was a member of the Business Advisory Council at his alma mater, Miami University in Oxford, Ohio, and served on the Graduate Executive Board of the Wharton Graduate School of the University of Pennsylvania, where he received his M.B.A. degree.
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.
Stratus Media Group, Inc.Stacy Morel, Public Relations323-656-2222
