Here are some SPAC type deals that have recently been completed. Again, this review is informational only and is in no way a recommendation to purchase any of these stocks.

1. Israeli Blank Check.

ROSH HA’AYIN, Israel, October 17 /PRNewswire-FirstCall/ — Fortissimo Acquisition Corp. (OTC Bulletin Board: FSMOU News) announced today that it has completed its initial public offering of 4,000,000 units. Each Unit consists of one share of common stock and two warrants. The units were sold at an offering price of $6.00 per unit, generating gross proceeds of $24,000,000 to the Company. EarlyBirdCapital, Inc. acted as underwriter for the initial public offering. A copy of the prospectus may be obtained from EarlyBirdCapital, Inc., 275 Madison Avenue, Suite 1203, New York, New York 10016.

2. An Unspecified Specified Blank Check Raises $39 Million.

Rhapsody Acquisition Corp. (RPSD), a specified purpose acquisition company, raised $41.4 million in an initial public offering led by EarlyBirdCapital after enacting its over-allotment. The SPAC sold 5.18 million $8 units, each consisting of a common share and a warrant, on Oct. 10 and also closed a private placement of 1.14 million insider warrants. At $1.10 each, generating $1.25 million. This one is not trading yet.

3. Restaurant Acquisition Corp (RAPI) to Raise $30 Million.

Our executive officers, Christopher R. Thomas (Sizzler, Planet Hollywood), Clyde E. Culp III (Wendy’s, Long John Silvers) and John M. Creed (Chart House), each have over twenty-five years of experience in the Restaurant and related industries and intend to participate actively in our business. All three executive officers have led major acquisitions and divestitures in the restaurant industry, and Messrs Thomas and Creed have led successful public offerings. In addition, all of them have extensive operating experience with the three major types of chain restaurants ¬full service, quick casual and fast food. All have experience in company operated restaurants, franchising, system growth, concept branding and concept revitalization. This one is also not trading yet. You can view the registration statement here.

4. Publicly Traded Fight Club.

SANTA MONICA, Calif., Oct 9, 2006 (PrimeZone Media Network via COMTEX) Pro Elite, Inc. (Pink Sheets:PETE ) announced today the acquisition of Real Sport, Inc. through an exchange of stock (reverse merger) with the shareholders of Real Sport, Inc. Concurrently with the closing of the reverse merger, Pro Elite, Inc. (the “Company”) raised $10 million in gross proceeds from institutional investors in a private placement of units. WARNING – This deal has a huge management fees. See below.

This isn’t a Blank Check but it is interesting and it sounds like a crazy idea, until you see who is behind it. David Marshall, Director. Mr. Marshall is co-founder of Youbet.com, Inc., Douglas De Luca, Chief Executive Officer Mr. De Luca is co-executive producer for ABC’s high profile, late-night vehicle, “Jimmy Kimmel Live.” Kurt Brendlinger, Director Mr. Brendlinger was co-founder and partner. In AFA Management Partners, an asset management firm and hedge fund Managing $600 million in assets Gary Shaw, Director and President of Live. Mr. Shaw is currently President and Chief Executive Officer of Gary Shaw Productions, LLC, one of boxing’s most successful promotion companies Mr. Shaw has promoted or co-promoted many of the biggest grossing fights in boxing history, including Lennox Lewis vs. Mike Tyson….

Now onto the “Hollywood” management fees and salaries…

The Company has entered into consulting/employment agreements as follows:

William Kelly — $175,000 per year, subject to 5% annual increases and bonus up to $50,000 based on performance to act as the Company’s Chief Operating Officer.

Gary Shaw — three-year initial term at $250,000 per year to serve as President of Live.

Santa Monica Capital Partners II, LLC (”SMC”) — three-year consulting agreement to provide services relating to strategic planning,investor relations, acquisitions, corporate governance and financing for $30,000 per month. The members of SMC are David Marshall, Kurt Brendlinger and Eric Pulier or their affiliates.

Douglas De Luca — $200,000 per year to act as Chief Executive Officer.

Eric Ficksman — $120,000 per year to act as Chief Financial Officer.

Add it up…that’s a hefty $10 million in overhead for “management salaries” before the company earns a dime.

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