Hi, bamdesign. We do have support for recurring events in PRO. I’ll do my best to explain this ins and outs to you.
Recurring events can be configured on a daily/weekly/monthly/yearly/custom basis, using an admin interface consistent with that seen on other popular calendar tools like Google Calendar or iCal. Here’s a screenshot: http://d.pr/i/gTV5
The each recurrence will have its own distinct event page. At the top, under the event title, it will say “Recurring Event (See all)”, and if you hover over the text, the tooltip give a configurable description of the recurrence. Here’s a link to a recurring event on our demo site: http://wpshindig.com/event/wordpress-santa-cruz-meetup/2013-10-16/
Are there any further questions that you have that I can clarify?