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Compress Technologies, Inc. Acquires Stadium Entertainment Corp.

^{Published on 2011-01-24 08:25:23 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Compress Technologies, Inc. (Pink Sheets: CTLI) announced today that it has acquired Stadium Entertainment Corp. pursuant to a share exchange transaction in which it issued shares of Compress Technologies, Inc. common stock in exchange for all of the outstanding shares of Stadium Entertainment Corp. common stock. As a result of the exchange transaction, Stadium Entertainment Corp. has become a wholly owned subsidiary of Compress Technologies, Inc.

Contemporaneous with the closing of the share exchange, Stadium Entertainment Holding Corp., the former owner of all of the outstanding shares of Stadium Entertainment Corp., acquired 162,000,000 shares of Compress Technologies, Inc. common stock from certain shareholders of Compress and now owns approximately 54% of Compress Technologies, Inc.a™s outstanding shares. At the time of the closing, the officers and directors of Compress Technologies, Inc. resigned their positions and were replaced by the officers and directors of Stadium Entertainment Holding Corp. The new Board of Directors intends to operate Stadium Entertainment Corp. as Compress Technologies, Inc.a™s sole line of business.

About Stadium Entertainment Corp.

Stadium Entertainment Corp. is a multi-faceted entertainment company active in all aspects of the entertainment industry and specializing in the music industry sector. Stadium has developed a unique business model that incorporates three key elements into its musical projects:

• Musical projects involving high profile recording artists that include a designated income stream earmarked for a worthy and reputable charitable organization;
• an extensive and powerful network of music industry contacts including executives, artists, managers and agents, record companies, music publishers, and charities which attract high profile talent as well as corporate partners; and
• a seasoned, experienced and successful project management team.

To date, Stadiuma™s primary business focus has been on the production, marketing and distribution of prerecorded music products by established and top selling recording artists, a portion of the proceeds earmarked for worthy charitable and philanthropic organizations via exclusive licensing agreements with participating charities. Each project is structured to also produce profits for Stadium. The use of top selling recording artists to participate in its projects, minimizes the risks inherent in start-up entertainment companies by capitalizing and building on the established retail power of star studded music compilations.

Stadiuma™s most recent project entitled aMy Country: Smash Hitsa features 13 gold and platinum selling artists performing their hits, including Rascal Flatts, Keith Urban, Brad Paisley, Lady Antebellum, Reba McEntire, Darius Rucker, Blake Shelton, Trace Adkins, Montgomery Gentry, Big & Rich, Randy Houser, Rodney Atkins and Dierks Bentley. The CD package features original cover artwork by Doonesbury creator, Gary Trudeau and a special message from President George W. Bush. The project benefits the Fisher House Foundation.

The first Stadium project, entitled aTrue to the Game,a benefits the Negro League Baseball Museum and includes tracks from high level hip-hop/urban artists, including Kanye West, Ludacris, Snoop Dogg, T-Pain, Mario and Macy Gray.

Forward-Looking Statements:

Certain matters discussed in this release may constitute "forward-looking statements." Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond the ability of Compress Technologies, Inc and Stadium Entertainment Corp. to control or predict, including, but not limited to, risks and uncertainties associated with consumer acceptance of musical compilations and risks generally inherent in operating an entertainment company. The statements made herein are made as of the date of this release, and Compress Technologies, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements contained in this press release, and Compress Technologies, Inc. undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.