Chikara released this press release:
January 3, 2011 – Philadelphia, PA
Worldwide Media Development Corporation (WMDC) of Reseda, CA is proud to announce the acquisition of CHIKARA, Inc./Five Star Promotions of Philadelphia, PA, effective today. Robert Lippincott, Executive Director for WMDC finalized the agreement of sale through the assistance of Karen Wright, acting vice-president of acquisitions.
“Karen (Wright) and Anton (Frady) deserve all the credit for bringing this exciting property to Worldwide. After nine seasons of reinventing an entire genre from the bottom up, CHIKARA is the premiere brand in its field, and it’s time for the rest of the world to find out why.”
It is expected that some of the directors from CHIKARA/Five Star will remain on during the transitional period. “I understand that Dave Coulier has an office there,” Lippincott remarked, “and I’d really look forward to doing lunch with him (laughs.)”
This is, however, likely an angle, PWInsider is reporting: “After looking into the release, it appears this is actually some well thought out angle of some sort on CHIKARA’s end, as there’s no record of the company that I was able to find outside of the CHIKARA-related business and their website was launched just a few weeks ago. So, I apologize for any confusion.”
I love Chikara.
