SOURCE: Takedown Entertainment Inc.

Takedown Entertainment Inc.

September 01, 2011 13:42 ET

Takedown Entertainment Announces Significant Cancellation of Stock

LONDON--(Marketwire - Sep 1, 2011) - Takedown Entertainment Inc. ( (OTCBB: TKDN), an authority in the business of mixed martial arts, is pleased to announce the cancellation of 30 million shares of the Company's common stock in order to increase overall shareholder value for the Company.

"This is a very important step to boost shareholder value and support future growth," stated Peter E. Wudy, President and CEO of Takedown Entertainment. "This is a key milestone as Takedown continues in its business development and will help the Company to fuel growth without unnecessary dilution to the current shareholders."

The share cancellation represents a reduction of the outstanding shares by approximately 27%. The share cancellation reduces Takedown Entertainment's total outstanding shares from 111,861,086 to 81,861,086.

About Takedown Entertainment
Headquartered in London, UK with offices in Beverly Hills, California, Takedown Entertainment Inc. is a sports entertainment company with subsidiaries involved in the acquisition, production, distribution and marketing of mixed martial arts (MMA) programming, content and licensed products for North American and International markets.

Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: this release may contain forward-looking statements that are affected by known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed, implied or anticipated by such forward-looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

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