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Monolith Athletic Club Announces U.S. Soccer Portal Monolith Athletic Club, LLC. (PINKSHEETS: MNAB) announced today its intention to develop and launch the premier U.S. soccer portal linking organizations, its players and managers with youth, high school, and college players and managers. The portal will provide approved premier online soccer training programs for players, coaches, associations, parents and teachers of the game and intends to create a centralized U.S. soccer community whose ultimate goal is to enhance U.S. soccer at the domestic and international levels. The portal intends to also host a robust fan/player interactive site with soccer subject chat rooms and bulletin boards managed by known U.S. and International soccer figures.
Monolith believes there is a clear need for full domestic collaboration among all levels and regions of U.S. soccer. Other than regional and national tournaments, no full service portal exists in the U.S. and this fact has created a local atmosphere which limits U.S. soccer development and progress at the international level. The United States has more official soccer players than any other nation in the world -- almost 18 million. Each player has 2 interested parents. So this site can minimally address a consistent annual data set of 50 million. The need is there, and so are the numbers.
The Company intends to develop the soccer portal with a model that will generate revenues from premium subscription based services and major advertisers.
About Monolith Athletic Club, LLC.
Monolith Athletic Club, LLC. is a sports and recreation holding and development corporation which focuses on creating, managing and building strong grassroots community programs through ownership of professional soccer franchises in the United States. Monolith is in its initial development stage. Soccer represents the largest growing contribution market segment in the U.S. The expansion of the sport on the professional level is predicated on the achievement of the strong working community involvement programs. It is anticipated that Monolith Athletic Club's primary focus will be on building those programs to support the professional franchises. Monolith's goal is to create a "cultural phenomenon" in the United States similar to Europe and around the globe. Monolith intends to bring the "World's Game" to the American youth through various athletic and education programs, with hope to raise the interest and fans' participation level of soccer. Additionally, Monolith anticipates competing with the United States' four "major" professional sports.
Safe Harbor
This news release may include comments that do not refer strictly to historical results or actions that may be deemed to be forward looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among other things, statements about expectations of future business, revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to further develop its business, the company's ability to generate revenues, develop appropriate strategic alliances and successful development and implementation of its business plans, acceptance of the company's services, competitive factors, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
For more information contact:
Monolith Investor Relations
315-567-1358
Source: Market Wire (May 21, 2007 - 7:21 PM EDT)
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