August 19, 2009 (FinancialWire) — ActionView International, Inc. (OTCBB: AVEW) has closed its acquisition transaction with MatchFights, LLC in a share exchange deal.

MatchFights is launching live, pay-per-view entertainment events delivered in high definition over the internet. With the close of the transaction, MatchFights will now become the focus of ActionView’s operations.

Under the deal, California-based ActionView International acquired 100% of MatchFights’ issued and outstanding stock in exchange for ActionView series A preferred stock, which, in aggregate, convert into 51% of ActionView outstanding common stock.

An additional issuance of ActionView series A preferred stock, which converts to an additional 24% of ActionView outstanding common stock, has been place in escrow. The escrowed shares will be released to MatchFights if the company meets defined revenue targets.

MatchFights and its Bare Knuckle Brawlers property recently outlined its strategy to deliver live, high definition, pay-per-view events, including no-holds-barred bare knuckle fights, in an interactive venue over the internet.

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