The following press release has been issued:

January 3, 2011 - Philadelphia, PA

Worldwide Media Development Corporation (WMDC) of Reseda, CA is proud to announce the acquisition of CHIKARA, Inc./Five Star Promotions of Philadelphia, PA, effective today. Robert Lippincott, Executive Director for WMDC finalized the agreement of sale through the assistance of Karen Wright, acting vice-president of acquisitions.

"Karen (Wright) and Anton (Frady) deserve all the credit for bringing this exciting property to Worldwide. After nine seasons of reinventing an entire genre from the bottom up, CHIKARA is the premiere brand in its field, and it's time for the rest of the world to find out why."

It is expected that some of the directors from CHIKARA/Five Star will remain on during the transitional period. "I understand that Dave Coulier has an office there," Lippincott remarked, "and I'd really look forward to doing lunch with him (laughs.)"

Source: Wrestlezone.com

If that means more exposure for CHIKARA, good for them. They're a truly unique brand in pro wrestling and the business needs them to survive.

As long as the quality, booking and format doesn't change too much I'll be happy.

The good is that CHIKARA might get some much-needed exposure. The bad is that the media company might want to change it... a lot.

I don't know how this will go, but hopefully they won't change too much. I like chikara and I'd be most displeased if it was altered beyond recognition.

QUUUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACCCCCCCCCCCCCCCCK!!!!!!!!!!!!!!!

Do not change a single thing.

Um...or I'll join BDK!

Sounds pretty cool. I can't wait to see what happens because of this acquisition.