Xtreme One Entertainment Affirms No Affiliation with or Impact from SEC Judgments Against Former Xtreme Fighting Championships Owner
Xtreme One Entertainment (OTC Pink: XONI) has officially clarified that its MMA business operations remain unaffected by recent SEC fraud judgments against Xtreme Fighting Championships, Inc. and its management. The company emphasized having no connection to the SEC enforcement action or the parties involved, including XFCI and CEO Steve A. Smith Jr.
The SEC judgments, issued on April 15, 2025, resulted in fines and payments exceeding $1.2 million and included a ban preventing Smith from serving as an officer or director of public companies. Xtreme One Entertainment confirmed that none of its subsidiaries, officers, directors, or employees were involved in the SEC investigation or settlement.
Xtreme One Entertainment (OTC Pink: XONI) ha ufficialmente chiarito che le sue attività nel settore MMA non sono state influenzate dalle recenti sentenze della SEC per frode contro Xtreme Fighting Championships, Inc. e il suo management. La società ha sottolineato di non avere alcun legame con l'azione esecutiva della SEC né con le parti coinvolte, inclusi XFCI e il CEO Steve A. Smith Jr.
Le sentenze della SEC, emesse il 15 aprile 2025, hanno comportato multe e pagamenti superiori a 1,2 milioni di dollari e hanno incluso un divieto che impedisce a Smith di ricoprire ruoli di dirigente o amministratore in società pubbliche. Xtreme One Entertainment ha confermato che nessuna delle sue controllate, dirigenti, amministratori o dipendenti è stata coinvolta nell'indagine o nella risoluzione con la SEC.
Xtreme One Entertainment (OTC Pink: XONI) ha aclarado oficialmente que sus operaciones comerciales de MMA no se ven afectadas por los recientes fallos de fraude de la SEC contra Xtreme Fighting Championships, Inc. y su dirección. La compañía enfatizó que no tiene relación alguna con la acción de la SEC ni con las partes involucradas, incluyendo a XFCI y al CEO Steve A. Smith Jr.
Los fallos de la SEC, emitidos el 15 de abril de 2025, resultaron en multas y pagos superiores a 1,2 millones de dólares e incluyeron una prohibición que impide a Smith desempeñarse como oficial o director en empresas públicas. Xtreme One Entertainment confirmó que ninguna de sus subsidiarias, oficiales, directores o empleados estuvo involucrado en la investigación o acuerdo con la SEC.
Xtreme One Entertainment (OTC Pink: XONI)는 MMA 사업 운영이 최근 SEC의 Xtreme Fighting Championships, Inc. 및 경영진에 대한 사기 판결과 무관하다는 점을 공식적으로 밝혔습니다. 회사는 SEC 집행 조치나 관련 당사자들, 즉 XFCI 및 CEO Steve A. Smith Jr.와 아무런 관련이 없음을 강조했습니다.
2025년 4월 15일에 발표된 SEC 판결은 120만 달러를 초과하는 벌금 및 지급 명령을 포함했으며, Smith가 공기업의 임원이나 이사로 활동하는 것을 금지하는 조치도 포함되었습니다. Xtreme One Entertainment는 자회사, 임원, 이사 또는 직원 중 누구도 SEC 조사나 합의에 관여하지 않았음을 확인했습니다.
Xtreme One Entertainment (OTC Pink : XONI) a officiellement précisé que ses activités dans le domaine des MMA ne sont pas affectées par les récents jugements de fraude de la SEC contre Xtreme Fighting Championships, Inc. et sa direction. La société a souligné qu'elle n'a aucun lien avec l'action de la SEC ni avec les parties impliquées, y compris XFCI et le PDG Steve A. Smith Jr.
Les jugements de la SEC, rendus le 15 avril 2025, ont entraîné des amendes et paiements dépassant 1,2 million de dollars et incluaient une interdiction empêchant Smith d'occuper des fonctions de dirigeant ou d'administrateur dans des sociétés cotées. Xtreme One Entertainment a confirmé qu'aucune de ses filiales, dirigeants, administrateurs ou employés n'a été impliquée dans l'enquête ou le règlement avec la SEC.
Xtreme One Entertainment (OTC Pink: XONI) hat offiziell klargestellt, dass seine MMA-Geschäftstätigkeiten von den jüngsten Betrugsurteilen der SEC gegen Xtreme Fighting Championships, Inc. und deren Management unberührt bleiben. Das Unternehmen betonte, keinerlei Verbindung zu der SEC-Vollzugsmaßnahme oder den beteiligten Parteien, einschließlich XFCI und CEO Steve A. Smith Jr., zu haben.
Die am 15. April 2025 ergangenen SEC-Urteile führten zu Geldstrafen und Zahlungen von über 1,2 Millionen US-Dollar und beinhalteten ein Verbot, das Smith untersagt, als leitender Angestellter oder Direktor öffentlicher Unternehmen zu fungieren. Xtreme One Entertainment bestätigte, dass keine seiner Tochtergesellschaften, Führungskräfte, Direktoren oder Mitarbeiter in die SEC-Untersuchung oder den Vergleich verwickelt waren.
- Company confirms no involvement or impact from SEC fraud investigation
- Business operations continue unaffected by SEC judgments
- Potential market confusion due to similar company names in MMA industry
DETROIT, April 17, 2025 (GLOBE NEWSWIRE) -- Xtreme One Entertainment, Inc. (OTC Pink: XONI), parent company of XFC Global Inc., the rapidly rising star in the world of mixed martial arts (MMA), clarified that its Xtreme Fighting Championships MMA business is unaffected by the Securities and Exchange Commission (SEC) fraud judgments against Xtreme Fighting Championships, Inc. and its management. The judgments and penalties were obtained by the SEC on April 15, 2025. https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26285
“We had no involvement in the SEC enforcement action, nor do we have any affiliation in any way with the parties involved – Xtreme Fighting Championships, Inc. (XFCI) and its CEO Steve A. Smith Jr.,” said Chris Defendis, President of Xtreme One Entertainment. “We appreciate the diligence of the SEC and the clarity and finality of this action as it affirms once and for all that Xtreme Fighting Championships and Xtreme One Entertainment are moving forward unencumbered by the issues and allegations of the past.”
Xtreme One Entertainment reported that neither the Company nor any of its Subsidiaries, Officers, Directors or Employees were involved in or a party to any aspect of the SEC investigation or settlement. The consent judgments for the fraudulent scheme ordered fines and payments of over
About Xtreme One Entertainment, Inc.
Founded in 1995 as a diversified holding company, Xtreme One Entertainment, Inc. (OTC: XONI) is focused on media, entertainment, live sports, and event marketing. The Company, through its wholly owned subsidiary, XFC Global, Inc. (XFC), is the licensee of all the brands and intellectual property formerly produced and promoted by Xtreme Fighting Championships Inc. worldwide, including over 50 televised professional MMA events spanning hundreds of fights in the U.S. and Latin America produced since 2006. Xtreme One acquired XFC Global in 2023, and under the direction of the Company’s world-class Board and management team, the Company has produced five televised pro MMA events viewed by millions of fans. XFC fights are streamed live on beIN Sports, Band Sports, Pay Per View, Triller TV, the American Forces Network and a growing number of media platforms.
For more information, visit XtremeOne.com or XFC.global. For retail investor rewards, discounts on merchandise, and VIP access to upcoming events, join the Xtreme Shareholder Rewards program at TiiCKER.com/XONI.
Investor Relations for XONI
Zachary Mizener
zmizener@lambert.com
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