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The K-1 Dynamite!! bout on New Year's Eve between Shinya Aoki (picture) and Eddie Alvarez will determine the first ever World Alliance of Mixed Martial Arts (WAMMA) Lightweight Champion.

With just a few days to go before the show, it's been made official by press release that WAMMA will recognize the winner of the bout between Aoki and Alvarez as their lightweight champion. The press release also states that the winner will not receive the physical belt at the event, but it will be presented to them in a ceremony at a later date.

"New Year's Eve is rich in both history and tradition for combat sports in Japan," WAMMA Chief Operating Officer Michael Lynch said. "FEG officials have put together an amazing night of fights and WAMMA is looking forward to recognizing the winner of the Aoki versus Alvarez fight as our first ever lightweight champion."

Aoki and Alvarez would have met in the finals of the DREAM Lightweight Grand Prix 2008, but Alvarez sustained an eye injury in his win earlier that night against Tatsuya Kawajiri. This brought in Joachim Hansen, who won the reserve bout, to step in for Alvarez. Hansen then defeated Aoki by TKO to become the first DREAM Lightweight Champion.

In the WAMMA rankings, Aoki is ranked number two in the lightweight division while Alvarez is ranked number three. UFC Lightweight Champion BJ Penn is ranked number one.

"WAMMA's board of directors supports the WAMMA pollsters in their recognition of BJ Penn as the number one rated lightweight fighter in the world," Lynch said. "However, Penn has not fought since May 24 and isn't scheduled to compete again until January 31. His January 31 fight will be contested at welterweight against Georges St. Pierre for the UFC's 170-pound crown. If Penn wins, UFC President Dana White has already stated that Penn's next fight will be a welterweight title defense against Thiago Alves. Needless to say, Penn's future as a regular competitor in the lightweight division is uncertain."

Lynch continued by saying that if Penn's returns to lightweight, WAMMA would approach the UFC to facilitate a fight between Penn and the WAMMA Lightweight Champion. However, that's only wishful thinking as the UFC has strongly opposed cooperating with WAMMA.

WAMMA is an independent sanctioning organization for mixed martial arts, with their own fighter rankings and championships. Earlier this year, Fedor Emelianenko became the first and only current WAMMA titleholder when he submitted Tim Sylvia in 36 seconds at Affliction: Banned. Fedor holds the WAMMA heavyweight title.

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