MURRIETA, Calif., March 17, 2010 (GLOBE NEWSWIRE) -- ActionView International, Inc. (Pink Sheets:AVEW) and its wholly owned MatchFights LLC subsidiary today announced that financing for up to five World Championship Full Contact (WCFC) fight events, the first of which is being held on Saturday, April 3, 2010 at The Rail Event Center in Salt Lake City, Utah, has been arranged. The financing for the upcoming April 3rd event has been received, and no new shares of ActionView International common stock are being issued as part of this financing.
MatchFights delivers the most exciting brand of full contact fighting under its World Championship Full Contact banner. MatchFights' events are broadcast live in high definition to a worldwide audience over the Internet, and revenue is derived from pay-per-view buys. The fight card for the April 3rd event consists of two main event bouts and six main cards fights with fighters that range from flyweight to light heavyweight classifications.
"We are extremely pleased to have received the financing needed to stage the inaugural WCFC event and look forward to putting on a great show," said Chairman and Chief Executive Officer Gary Nerison.
"As we stated when previously discussing the types of non-toxic funding that ActionView would pursue to finance upcoming WCFC events, this financing is not market driven and is expected to have no impact on the company's common stock. The financing agreement contains a provision wherein this same arrangement can be made available to the company for four subsequent WCFC events."
Fight fans, fighters, promoters, trainers and ring girls are encouraged to visit the WCFC website at www.wcfc.com to set up a personal profile and join the first and only comprehensive content driven MMA web community dedicated to fighting. The site harnesses the power of social networks, allowing users to connect and share information about their favorite fighters, fights and events. A comprehensive marketing program is being implemented which is expected to result in the www.wcfc.com becoming the dominant fighting website in the world and draw consumers for WCFC events broadcast over the Internet.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.actionviewint.com.
About ActionView International, Inc.
ActionView International (www.actionviewint.com), its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver live, high-definition, pay-per-view events, including no-holds-barred, full contact fights, in an interactive venue over the Internet to a global audience. Revenue is derived from pay-per-view buys. The live events have broad appeal and include elements of fighting, music, ring girl contests, and other live entertainment as part of the broadcast. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.