It was the third singles championship established in SCW, having been introduced in 1998, in the finals of an eight-man tournament.
Montoya and Lou Marconi are tied for the record of most reigns, with two each.
At 140 days, Montoya's second reign is the longest in the title's history.
Joey Matthews' third reign was the shortest in the history of the title lasting less than a day.
Matthews was attacked by Lou Marconi during his acceptance speech and lost the title in the impromptu match; Marconi was pinned for the belt by Tom Brandi that same night.