$8 Billion Lawsuit from Would-Be Competitor Against Ultimate Sports Entertainment and Matt Rose Dismissed

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Ultimate Sports Entertainment, Inc, the development group spearheading a $5 billion Las Vegas-based sports and entertainment mega resort, announced today the official dismissal of an $8 billion lawsuit against the organization and its President and CEO, Matt Rose. The suit filed in March, 2006 by Knockout Sports Network (KSPN) – now the “Las Vegas City of Sports” – a competitive group with designs on developing its own sports and entertainment complex in Las Vegas, is the second from KSPN to be dismissed in the past 12 months.

Ultimate Sports Entertainment, Inc, the development group spearheading a $5 billion Las Vegas-based sports and entertainment mega resort, announced today the official dismissal of an $8 billion lawsuit against the organization and its President and CEO, Matt Rose. The suit filed in March, 2006 by Knockout Sports Network (KSPN) – now the “Las Vegas City of Sports” – a competitive group with designs on developing its own sports and entertainment complex in Las Vegas, is the second from KSPN to be dismissed in the past 12 months.

KSPN filed the suit (case number 2:06-cv-00372) on March 24, 2006 in the wake of significant media coverage about the Ultimate Sports Entertainment project. The group issued a prepared news release championing the lawsuit and its claims, yet despite being given four months to serve their complaint to the defendants, the organization failed to take action of any kind and thus, the suit has now been dismissed.

“The inability of KSPN and their leadership to even serve the filed lawsuit to the defendants within their claim, illustrates that its claims were totally unfounded and without any legal bearing,” said Matt Rose, president and CEO of Ultimate Sports Entertainment. “Unfortunately, there are those who choose to resort to such underhanded abuse of our legal system merely as a PR ploy and smear tactic to publicly defame and undermine the credibility and progress of legitimate individuals and organizations such as ours.”

This is the second time that KSPN has filed a nearly identical lawsuit and is also the second time that it has failed to take any action to follow through on its claims.

A nearly identical lawsuit was filed by KSPN against Ultimate Sports Entertainment, Inc. in May, 2005. That complaint was heard by the Honorable Robert C. Jones of the United States District Court of Nevada and was dismissed without prejudice.

“It’s clear through this pattern that these suits have been part of a smear campaign on the part of an obviously bitter competitor,” said Rose. “While we’re pleased to have this chapter of our professional lives behind us, our sights and efforts remain fixed on our goal of developing the single-greatest sports and entertainment destination in the world here in Las Vegas.”

For more information regarding Ultimate Sports Entertainment, Inc. and this specific project visit http://www.ultimatesportsresort.com.

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Douglas Raggio
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