Major League Football, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2020
March 13, 2020 at 04:44 pm EDT
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Major League Football, Inc. announced earnings results for the third quarter ended January 31, 2020. For the third quarter, the company announced operating loss was USD 176,593 compared to USD 95,662 a year ago. Net income was USD 39,285 compared to net loss of USD 372,290 a year ago. For the nine months, operating loss was USD 436,376 compared to USD 168,754 a year ago. Net loss was USD 990,021 compared to USD 484,967 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Major League Football, Inc. intends to establish, develop, and operate Major League Football (MLFB) as a professional spring/summer football League. The Company has four initial franchises located in cities overlooked in large part by existing professional sports leagues and provides fans with quality players and competition in the NFL's off-season. Its teams are located in Ohio, Virginia, Arkansas and Alabama. The Company primarily intends to operate the league as a single entity owned, stand alone, independent sports league. MLFB plans to serve as a pipeline to develop players, coaches, officials, scouts, trainers, and all other areas of the game that the NFL needs. MLFB intends to underscore the fan's access to team members, coaches, league officials and other fans. MLFB also intends to develop an Internet and mobile strategy, which includes developing a mobile initiative, where fans can interact with the league, its players, its coaches, and other fans using their mobile phones.
MAJOR LEAGUE FOOTBALL, INC. 
