Latest news appears to be good:
USBL Gearing Up for 2010
--(www.USEquityNews.com)-- 04/02/2009 - The United States Basketball League (OTCBB: USBL) 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.:
The USBL is a 24 year old professional basketball league and the first publicly traded sports league. The United States Basketball League, Inc. 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 (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.
Source: Financial News USA (April 2, 2009 - 11:30 AM EDT)
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