| 8 Feb 2008 |
Zuma Beach Entertainment Acquires World Arena Rugby Union, LLC
On February 8, 2008, Zuma Entertainment, Inc. (“Zuma”) purchased all of the assets of World Arena Rugby Union, LLC (“WAR”) consisting of various intellectual properties in exchange for thirty-one percent (31%) of the issued and outstanding common shares of Zuma. The purchase agreement closed with the issuance of forty six million seven hundred fifty thousand, one hundred seventy-one (46,750,171) shares of Zuma common stock to members of the WAR LLC. Zuma hopes to establish and launch the inaugural season of WAR during the summer of 2010.
WAR will be the first professional indoor rugby league consisting of at least six teams in strategic markets in the United States. WAR will be a global sports organization leader by investing in cutting edge marketing and promotional strategies designed to capitalize on the expanding depth of interest in edgy sports entertainment by building WAR into a profitable sports entertainment product that generates revenue streams from ticket sales, licensing and merchandising and broadcast revenue.
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