| GOLDEN BOY PROMOTIONS EXPANDS ITS SHAREHOLDER BASE LOS ANGELES (May 30) – It was announced today that the leading boxing promotion company, Golden Boy Promotions, has expanded its shareholder base by adding Brener International Group, LLC, an investment vehicle of Mr. Gabriel Brener to its already impressive list of shareholders. Said company President Oscar De La Hoya, “I feel very fortunate having my long time friend and business partner Gabriel Brener join Golden Boy as a shareholder. Gabriel’s tremendous business acumen combined with his stellar track record makes his Group’s acquisition of a significant piece of Golden Boy Promotions a strategically important move in the still young history of Golden Boy Promotions. Together we will continue to grow the sport of boxing and develop our combined visions of the Hispanic market into a reality.” “I am honored to have the opportunity to join Golden Boy Promotions as a shareholder,” said Gabriel Brener. “I have known Richard Schaefer, the Chief Executive of Golden Boy Promotions, for almost 20 years and Oscar and I have established a deep respect and friendship over the past 8 years. First and foremost Brener International invests in people and we are very comfortable with this management team. It is remarkable what Oscar, Richard, Bernard Hopkins and Shane Mosley have achieved in such a short time. Our intentions are to be an active shareholder, to roll up our sleeves and support the continued growth of this Company, both domestically and internationally. Brener International Group is actively perusing opportunities in sports and entertainment focused on the US Hispanic community and we have traditionally been attracted to strong brands. We look at Golden Boy as one of the dominant brands in the Hispanic market with tremendous cross over appeal.” Added Richard Schaefer: “This is the first of several steps which will be implemented to aggressively expand the Golden Boy brand and underlines our strong continued commitment to the great sport of boxing. With Oscar De La Hoya, we have one of the top Hispanic athletes and celebrities, and with Gabriel Brener one of the top Hispanic business leaders in the United States. Further, we have Shane and Bernard, two of the all time greats of boxing among our shareholders. I feel privileged to work for such a distinguished group of shareholders and look forward to guiding Golden Boy Promotions to even greater success.” Los Angeles-based Golden Boy Promotions was established in 2002 by Oscar De La Hoya, the first Hispanic to own a national boxing promotional company. In 2006, in its fourth year of promoting, Golden Boy Promotions broke a record by selling over 2 million in pay-per-view homes. Golden Boy Promotions is one of boxing’s most active and respected promoters, presenting shows in packed venues around the United States on networks such as HBO, HBO Latino, Telefutura and ESPN. Golden Boy Promotions currently has close to 50 fighters under contract, from future hall of famers Bernard Hopkins, Marco Antonio Barrera, Sugar Shane Mosley to current world champions Daniel Ponce De Leon, Jhonny Gonzalez, Juan Manuel Marquez, Fernando Montiel and Joan Guzman. Also included on the company’s roster are top contenders Librado Andrade, Juan Lazcano, Rocky Juarez, Oscar Larios, Israel Vazquez, Demetrius Hopkins and Rey “Boom Boom” Bautista, as well as 2004 Olympians Abner Mares and Vicente Escobedo, and highly regarded Antonio Escalante, Rock Allen, Billy Dib and rising Lightweight Star Francisco “Panchito” Bojado. Brener International Group, LLC., is a family owned private investment firm based in Los Angeles. It makes investments in a wide variety of sectors with a particular focus on the US Hispanic market. |
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