Xtreme One Entertainment Announces Full Year 2024 Financial Results

• Investments in Revitalizing XFC Brand, Producing Three Live Arena Events Highlight First Full Year for New Management, Sports and Entertainment Strategy

DETROIT, March 31, 2025 – Xtreme One Entertainment, Inc. (OTCPink: XONI)  today announced its financial results for the full year ending December 31, 2024, details of which have been filed within the Company’s annual disclosure statement accessible at https://www.otcmarkets.com/stock/XONI/disclosure.

“This past year was one of growth and tremendous development for the team at Xtreme One Entertainment. We came back swinging with three fully produced live events in Florida, Michigan, and Wisconsin that marked the initial success in reinvigorating the storied, but orphaned XFC brand. I’m incredibly proud of the efforts of the entire team and their dedication to our mission of becoming the preeminent MMA development league in the industry,” said Chris Defendis, Xtreme One President. “As we continue to grow and execute, our fans and athletes continue to see our vision, and that is clear through the building success of our events. We’ve made incredible strides over the past year, and this is only the beginning as we seek to further expand into global MMA markets.”

For the 2024 fiscal year, the Company incurred a loss of $5.9 million, or ($0.04) per diluted share, primarily as a result of a $1.9 million non-cash charge for derivative liability related to the Company’s convertible Series A Preferred Stock, as well as significant investments in the production of live and globally televised events to elevate the XFC brand within the MMA category.  The Company views 2024 as a foundational year and a strong proof of concept for its business model as the “minor league” and talent development global player in the $11 billion MMA industry worldwide.

During the year, the Company achieved several significant milestones in pursuit of its strategy to build a global sports and entertainment business:

·       Successfully produced XFC 50: Resurrection held in April in Lakeland, Florida.  The event was held for a live ticketed audience and broadcast live to pay-per-view audiences in the United States and internationally and featured eight professional bouts.

·       XFC Grand Prix II held in late May in Detroit featured nine pro MMA bouts. The second main event marked sequential improvements in key performance measures, including increased ticket sales, increased streaming viewership, and significant improvements in fan engagement through the Company’s website and social media channels.

·       The Company announced an agreement with the U.S. Department of Defense to broadcast XFC events live on the American Forces Network to nearly half a million U.S. military personnel in 153 countries.

·       XFC 51: Evolution was held in late September in Milwaukee and featured seven professional bouts. The event was held for a ticketed audience and broadcast live to pay-per-view audiences in the United States and internationally.

·       The Board approved a strategic growth plan including a $10 million capital raise to increase the Company’s profile and fund future live event production as well as its potential expansion into other sports markets.

·       The Company entered into Name, Image, Likeness (NIL) agreements with several world-class college wrestlers and combat-sport veterans including UFC greats Henry Cejudo (@HenryCejudo) and Jeremy Stephens (@LilHeathenMMA).

·       Xtreme Shareholder Rewards were launched and include perks and VIP event access for verified retail investors. (TiiCKER.com/XONI).

·       The Young Guns gym-based series was relaunched beginning in the first quarter of 2025 at Kill Cliff Fight Club.  These smaller events featuring emerging MMA talent are produced for television and streaming services with a more attractive cost profile.

Defendis added: “We’re incredibly fired up for what this Company has to offer in the coming years, both in the MMA space, as well as in the development of other sports leagues and franchises. As a pure play sports and entertainment company, our ability to identify operational synergies, utilize data and analytics to enhance marketing strategy, and provide retail investors an opportunity to participate in our growth is a competitive advantage compared to our peers. We’ve focused on our live event model, showcasing experienced athletes who excel in their craft. In 2025, we have already brought back our storied ‘Young Guns’ brand with the first two events in the books, providing emerging athletes the opportunity to break into the industry.

“As we execute our strategy, we’re delivering increased sponsorship and media distribution opportunities, including our recent deals with beIN SPORTS and BAND in Brazil. On the operational front, we’ve enhanced our production process, resulting in continued cost reductions while dialing up the quality of our fights and broadcast production, paving the way for future profitability. We have the required experience, leadership, and roster of talent to follow through on our strategic plan starting with a killer main event this past Friday night in Iowa that marked our best viewership, attendance and revenue to date.”

Xtreme One is continuing to build out its fight calendar for 2025 and anticipates a combination of four Main Card fights and nine Young Guns series to source the next generation of professional MMA fighters.     

About Xtreme One Entertainment, Inc.

Founded in 1995 as a diversified holding company, http://www.xtremeone.com/Xtreme One Entertainment, Inc. (OTC: XONI) is focused on media, entertainment, live sports, and event marketing. The Company, through its wholly owned subsidiary, XFC Global, Inc. (XFC), is the licensee of all the brands and intellectual property formerly produced and promoted by Xtreme Fighting Championships Inc. worldwide, including over 50 televised professional MMA events spanning hundreds of fights in the U.S. and Latin America produced since 2006.  Xtreme One acquired XFC Global in 2023, and under the direction of the Company’s world-class Board and management team, the Company has produced five televised pro MMA events viewed by millions of fans. XFC fights are streamed live on beIN Sports, BAND, Pay Per View, Triller TV, the American Forces Network and a growing number of media platforms. 

For more information, visit XtremeOne.com or XFCFight.com. For retail investor rewards, discounts on merchandise, and VIP access to upcoming events, join the Xtreme Shareholder Rewards program at TiiCKER.com/XONI.

Contact:

Investor Relations for XONI 

Zachary Mizener

zmizener@lambert.com

Media Inquiries for XFC

Jen Wenk

jwenk@xtremeone.com