SOURCE: Hollywood Stake, LLC

May 19, 2011 15:22 ET

Hollywood Stake Appoints J.B. Smith as Chairman and Chief Executive Officer

ATLANTA, GA--(Marketwire - May 19, 2011) - Hollywood Stake is pleased to announce that venture capitalist and seasoned entrepreneur J.B. Smith has officially joined the company as its Chairman and Chief Executive Officer.

It has also been announced that J.B. Smith has a sincere interest in ensuring the National Hockey League's Atlanta Thrashers remain in Atlanta. That news has sparked misleading media reports and releases as to Mr. Smith's professional and financial background. Smith plans to publicly address any concerns with the Atlanta media in the near future.

Most recently, Smith Co-Founded iSekurity in 2007, the nation's premier identity-theft-protection company, where he served the company in many different capacities -- most notably Chairman and Chief Executive Officer. Smith also founded Equity 11, Ltd., a Michigan-based, private-equity firm, serving as its Managing Partner. In November 2010, Smith shifted his primary focus to the acquisition of professional sports franchises and entertainment properties.

Hollywood Stake, LLC is an independent private-equity firm that specializes in creating strategic partnerships with entertainment-based companies and assets. Based in Las Vegas, Nev., Hollywood Stake is partnered with multiple venture-capital firms, positioning Hollywood Stake to offer its portfolio companies the most competitive and dynamic relationships in the industry.

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