Edward M. Daspin, a/k/a “Edward Michael,” a/k/a “Ed Michael,”

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22871 / November 18, 2013

Securities and Exchange Commission v. Edward M. Daspin, a/k/a "Edward Michael," a/k/a "Ed Michael," Civil Action No. 13 Misc. 00389 (S.D.N.Y. November 14, 2013)

SEC Files Subpoena Enforcement Action Against Edward M. Daspin for Failure to Testify in Offering Fraud Investigation

On November 14, 2013, the Securities and Exchange Commission filed a subpoena enforcement action against Edward Michael Daspin, also known as "Edward Michael" and "Ed Michael" ("Daspin"). The action, filed in the U.S. District Court for the Southern District of New York, seeks a court order directing Daspin to comply with an investigative subpoena calling for his testimony in an ongoing investigation into, among other possible violations of the securities laws, potential fraud in the offer and sale of securities of three related companies, Worldwide Mixed Martial Arts Sports, Inc., WMMA Distribution, Inc. and WMMA Holdings, Inc.

A hearing on the Commission's application has been scheduled for November 27th. The Commission notes that it is continuing to conduct a fact-finding inquiry and has not concluded that anyone has broken the law.