A little over two months ago NewWorld.com Inc. announced the sale of the Cyberathlete Professional League (the CPL) to an investments group based in the United Arab Emirates, and Cyberathlete Amateur League (CAL) has now followed.

CAL had remained in the hands of Angel Munoz's company but Cadred.org can now confirm that the newly formed CPL Holdings Group LLC has "acquired the Cyberathlete Amateur League in an all cash transaction that divests NewWorld.com Inc. and its shareholders from any interest in CAL".

It is expected that this release will make it onto the CPL and CAL websites later today.

Angela Summers, a UAE based PR spokesperson that Cadred spoke to about the CPL deal two months ago, has said:

We are excited to have completed our first acquisition at the new CPL. We are also evaluating other media and gaming technology properties in Europe and Asia for either acquisition or partnership.

Cadred will keep you up to date with any other developements on this story.