EliteXC Back from the Dead?

Now this is an interesting one:

MMAWeekly.com on Sunday learned that ProElite, Inc., parent company of Elite XC, has notified several fighter managers the company still intends to promote mixed martial arts events.

“Elite XC and ProElite are currently downsizing its staff in an effort to improve its business moving forward,” the notice states. “As this process is implemented, Elite XC cancelled the event previously scheduled for Nov. 8 in attempt to re-schedule another event in early 2009.”

The notice also disputes reports the embattled company is declaring bankruptcy.

I find this new development rather baffling. With fighters clearly itching to move on, a bare bones staff, and the bursting of the Kimbo Slice bubble, EliteXC is going to have an awfully hard time putting on successful events anytime soon.

My guess is that EliteXC is holding out until it can sneak itself into the government's bailout plan.