"Elvis Presley is the greatest cultural force in the 20th century."

(Leonard Bernstein)


"If you're an Elvis fan, no explanation is necessary; If you're not an Elvis fan, no explanation is possible."

(George Klein)


"For a dead man, Elvis Presley is awfully noisy."

(Professor Gilbert B. Rodman)


"History has him as this good old country boy, Elvis is about as country as Bono!"

(Jerry Schilling)





Welcome to the "Elvis Information Network", home to the best news, reviews, interviews & articles about the King of Rock & Roll, Elvis Aaron Presley...

Elvis listing plan rocks OTC stock

Shares of Sports Entertainment Enterprises soar

By Steve Gelsi, CBS.MarketWatch.com

Sports Entertainmnt Enterprises Inc.'s stayed hot for a second straight day Friday after shares soared more than 6,000 percent on plans to convert the shell company into a vehicle to market Elvis Presley's estate.

In a $100 million deal cleared by Presley's sole heir Lisa Marie Presley, entertainment producer and founder of SFX Entertainment Robert Sillerman said Thursday he'll buy Elvis Presley Enterprises Inc., founded after the star's 1977 death.

At the same time, Sillerman set plans to buy about 94 percent of Sports Entertainment Enterprises, a mostly inactive, publicly traded company, and roll the Presley estate into a new business. The new company will operate under the name CKX Inc., with plans for a public listing of stock.

Shares of Sports Entertainment Enterprises tacked on another 33 percent on Friday, rising $2.15 to $8.55. On Thursday, shares rocketed to $6.31 from its close of 10 cents the day before. The transaction was structured so that the title to the Graceland estate and its 13.6-acre grounds in Memphis and most of Elvis's personal effects remain with Lisa Marie Presley, the singer's daughter.

The new partnership includes all trademark rights to the name, likeness and image of Elvis Presley, as well as intellectual property, including photographs, archival documents and footage, and the music publishing catalog. The deal also includes the Graceland visitor center complex and Heartbreak Hotel across the street from the mansion and all other real-estate investments.

Sillerman is founder of SFX Entertainment, a major concert venue and entertainment firm sold to Clear Channel in 2000 for about $4.4 billion in stock. On a combined and unaudited basis, the "Elvis" businesses reported net operating income of $9.4 million and revenue of $37.9 million for the nine months ended Sept. 30.

Sports Entertainment Enterprises is a Las Vegas-based shell company whose principals operate a golf and tennis sporting goods center.

(News, Source: CBS.MarketWatch.com)










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