Major League Football : MLFB Announces New Stock Equity Term Sheet
August 18, 2022 at 09:54 am EDT
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LAKEWOOD RANCH, FL / ACCESSWIRE / August 18, 2022 / Major League Football (OTC PINK:MLFB) President and CEO announced today that in conjunction with the Company's previously announced plan to cancel the remainder of its training camp for 2022, while moving forward with operations for a full season for 2023, that the Company has received from an institution an initial Stock Equity Term Sheet in the amount of $2,500,000, which it is reviewing. As previously announced, the Company plans on paying all obligations previously incurred for player expenses, and other trade obligations. Our excellent staff remains intact and dedicated to this plan. In addition, we expect to receive additional offers of financing in the near future from institutions who have previously invested in us. For more information click here.
Contacts:
Frank Murtha, CEO
F.murtha@mlfb.com
Kevin Mclenithan, IR
k.mclenithan@mlfb.com
SOURCE: Major League Football, Inc.
View source version on accesswire.com:
https://www.accesswire.com/712635/MLFB-Announces-New-Stock-Equity-Term-Sheet
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Major League Football Inc. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 13:53:04 UTC.
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. 
