IFL To Award Champions with MMA's First Rings

Oct 24, 2006
INTERNATIONAL FIGHT LEAGUE (IFL) BECOMES FIRST MMA ORGANIZATION TO AWARD RINGS TO ANNUAL CHAMPIONSHIP TEAM MEMBERS

Five fighters and coach of year-end championship team to be provided with custom-designed rings

NEW YORK, October 24, 2006 -- The International Fight League (IFL) today announced that it will become the first fight organization to award the five team members and the coach of the annual season championship team with custom-designed rings. The awarding of rings to the league champion is a time-honored tradition in American team sports. The first full 11 date IFL season will begin in the first quarter of 2007, with the schedule to be announced shortly.

"We are very excited to be able to present all members of our championship team with a custom-designed ring," said IFL co-founder and Commissioner Kurt Otto. "The notion of playing for that championship ring is something fans and competitors in every team sport can clearly understand, and by awarding rings to our champions, it makes the IFL team concept a little clearer to the sports fan and gives each athlete something very unique in fight sports to aim for."

The rings were originally designed by Otto, who has also developed the logos for many of the IFL teams, utilizing his graphic design background. The detail includes 10 diamonds in 10-carat gold surrounding the IFL logo in gold inlay in the center. The winning team, athlete name and championship year will be featured on each side.

About the IFL

Founded in 2005 by Kurt Otto, a real estate investor and a life-long martial arts participant and Gareb Shamus, chairman of Wizard Entertainment Group, the International Fight League™ (IFL) was created to establish a centralized and structured organization that brings the power and influence of the mixed martial arts industry together. On August 25, 2006, IFL entered into an Agreement and Plan of Merger with Paligent, Inc. (PGNT:OTCBB), pursuant to which IFL would emerge as the surviving entity. For further information regarding the merger, contact Paligent at (212) 755-5461. For more information on the IFL, go to www.IFL.tv.