PokerQuest Entertainment Signs with Doc Hollywood's Artist International Management (DHYK) for ''The Quest'' Poker Tournament, Poker: Quest of Champions
LOS ANGELES--(BUSINESS WIRE)--July 26, 2005--Doc Hollywood Kidz (Pink Sheets:DHYK - News): - $15 Million Grand Prize will be Largest in Tournament History with Hollywood Celebrities and Poker Royalty Already Onboard - Lineup Includes 5 World Champions, 8 World Series Of Poker Bracelet winners, 3 World Poker Tour Champions and some of the largest Cash Game players in the world Las Vegas-based PokerQuest Entertainment has signed with Los Angeles based Artist International Management's manager Joel Newton to represent The Quest, a poker tournament featuring a whopping $15 million first prize. Doc Hollywood/Artist International's CEO Steven Saxton and Joel Newton are currently in talks to finalize a network television deal. To be held at THE PALMS Hotel "The Quest" is currently slated to be held in January 2006, with some of the biggest names in Hollywood and the poker world already onboard.
The tournament has caught the attention of Hollywood. James Woods, Michael Vartan, and Mimi Rogers who have already contracted to play as the remaining open seats are quickly filled by celebrity players from around the world.
Doubling the record $7.5 million prize from the most recent World Series of Poker, the $15 million dollar prize for the champion of The Quest is the highest first-place professional poker pay out in the history of the sport. The tournament buy-in of $250,000 is ten times higher than the sports previous record.
"We wanted to create a tournament that would catch the attention of the world and highlight the amazing talent of these great players," said Jason Augustine, CEO of PokerQuest Entertainment. The "great players" already contracted to play in the Quest include Chris Moneymaker, Sam Farha, Scotty Nguyen, Eli Elezra, Johnny Chan, Phil Helmuth, Amir Vahedi, John Juanda, Phil Laak, Phil Ivey, David Levi, Erik Seidel, Chip Reese, Annie Duke, Doyle Brunson, Jennifer Harman, T.J. Cloutier, Mel Judah, Howard Lederer, and Daniel Negreanu. Overall, the tournament includes 5 World Champions, 8 World Series Of Poker Bracelet winners, 3 World Poker Tour Champions and some of the largest Cash Game players in the world.
Augustine explained the enthusiasm for the tournament's extremely high price tag. "I expect a good mix of celebrities and the extremely wealthy poker enthusiasts based on the calls we've already gotten. Even at $250,000 people are lining up to be a part of The Quest."
"I see the final table of the Quest as the most exciting to ever take place in the history of poker, and we are extremely excited to work with PokerQuest Entertainment to bring this amazing event to television" said Joel Newton at the announcement.
Unlike many of the current tournaments, the Quest will feature only 100 players, at ten shoot-out tables. The winner from each table advances to the final table. The ultimate winner will take home $15 million dollars after beating the 18 other players. "We designed this format to showcase the drama inherent within professional sports" said Augustine.
"The stakes are incredible, the sport has never seen anything like this", Augustine added.
The tournament will be held at The Palms, one of Las Vegas's top casino resort hotels. PokerQuest Entertainment is also in talks with the WWE's Stacy Keibler to join the tournament's television broadcast as an on-air host.
Doc Hollywood Studios, Inc. is an entertainment holdings company and upon completion of the recently announced acquisition, will become majority stockholder to Doc Hollywood Kidz / Doc Hollywood Records (Pink Sheets:DHYK - News), Doc Hollywood Productions, DH1 Reality TV, Bop City Records, Artist International Management, and has a strategic alliance with Arclight Films. The company is in the business of producing innovative theatrical motion pictures, television programming, and recorded music dedicated for both traditional and new media formats. This entertainment programming is unique, commercial, highly creative, and designed to appeal to specific demographic groups. This occurs while taking advantage of the inherent synergies of a full service studio with integrated talent, financing, and distribution of motion picture, television, and music projects.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Doc Hollywood Kidz believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Doc Hollywood Kidz or any other person that the objective and plans of Doc Hollywood Kidz will be achieved.
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Wow the volume just shot up 300% on today within 15 minutes of posting the above PR. I imagine that this will be on everyones watch list untill Jan 2006. Im in at .06
Posts: 304 | From: Arizona | Registered: Jul 2005
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Holy spread Batman! b/a .045 x 8 This could be a great swing stock. I tried to get in @ the bid .045, but just missed. A few trades later and it was at .10
Take a look at the charts... great $200-500 swing stock
Posts: 123 | Registered: Apr 2005
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