Every so often they release news through one of their partner companies who promote the stock as an investment, this was the latest, that was released today
MILFORD, Conn., April 2 /PRNewswire-FirstCall/ -- The United StatesBasketball League is preparing for the 2010 season. The league has established a goal of ten teams in operation for next season. The company also anticipates the addition of several new franchises and corporate sponsors.
Despite the sluggish economy CEO and Commissioner, Daniel Meisenheimer, believes the USBL's historic accomplishments, share structure and franchise opportunities will attract investors as the economy rebounds. According to management, the USBL's market cap of $2,000,000 is approximately the lowest it has ever been.
Management is diligently working toward increasing sales and will be raising its marketing budget this year. Additionally, the company is reviewing several consulting options to bolster its tactical marketing initiatives and expects to make a hiring announcement soon.
About United States Basketball League, Inc. (USBL:$0.65,00$0.00,000.00%) :
The USBL is a 24 year old professional basketball league and the first publicly traded sports league. The United States Basketball League, Inc. (USBL:$0.65,00$0.00,000.00%) is traded on the NASDAQ Over-the-Counter Bulletin Board under the ticker symbol 'USBL.' For more information on expansion teams, the company and its publicly traded shares, visit (http://www.usbl.com/) online or call the USBL league office at 203-877-9508.
Safe Harbor Act Disclaimer: This release may contain forward-looking statements that involve risks and uncertainties including, without limitation, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the Company's dependence upon financing, third party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus.
CONTACT: Jacob Gordon
Director of Public Relations
SOURCE The United States Basketball League (USBL:$0.65,00$0.00,000.00%)
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"If games are missed, it hurts no one" ...... ABA CEO Joe Newman 2/9/09
Due to numerous threats of legal action from certain people.......all of the above is my opinion only and it should be noted that I have never invested in the ABA. It is simply one mans opinion.
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Little Rock, AR
Oklahoma City, OK
Tulsa, OK (new, looks like a travel team this season)
Throw in these previous USBL locations:
Dodge City, KS
and you have a nice, fairly tight cluster with the longest possible bus ride coming in at 10 hours.
Even if the UBL teams don't join, the USBL teams are really are too close to not play the better ones for variety if nothing else.