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Copyright 2005 BUSINESS WIRE
July 30, 2005
Headline: The Quest Poker Tournament, Poker:
Quest of Champions
Body:
LOS ANGELES--(BUSINESS WIRE)--Doc Hollywood Kidz:
-- $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), 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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