MLFB Provides Progress Report for Planned 2023 Season

Rhea-AI Summary

Major League Football, Inc. (MLFB) provided a progress report detailing preparations for the 2023 Spring Football Season. The company is utilizing funds from a $5 million Stock Equity Line registered with the SEC as of December 28, 2022. MLFB is finalizing its game schedule and expanding potential markets for its teams. The organization is actively scouting players during College All-Star games and engaging in serious investment discussions with high net worth and institutional investors. Broadcast negotiations are advancing, aiming for national coverage. Additionally, MLFB is enhancing its website and has initiated talks with major investor relations firms.

Positive

• Commenced drawdowns from a $5 million Stock Equity Line.
• Finalizing game schedules and expanding potential markets.
• Active scouting for players at College All-Star Games.
• Serious investment discussions with high net worth individuals and institutional investors.
• Broadcast negotiations progressing towards national coverage.

Negative

• None.

LAKEWOOD RANCH, FL / ACCESSWIRE / January 26, 2023 / Frank Murtha, President and CEO of Major League Football, Inc. ("MLFB" or "we")(OTC PINK:MLFB) is pleased to provide a progress report for the planned 2023 Spring Football Season.

• MLFB has commenced drawdowns of funds from the previously disclosed $5,000,000 aggregate Stock Equity Lines which were registered in the Form S-1 made effective by the Securities and Exchange Commission, on December 28, 2022.
• MLFB is finalizing its schedule, game dates, and times in the markets where it will be playing. In addition, MLFB has expanded the list of potential markets for its teams.
• MLFB will be scouting the College All Star Games for players who will participate in the 2023 MLFB season, as a continuation of the scouting efforts our coaches and Director of Player Personnel have undertaken throughout the last several college seasons.
• Serious new investment discussions are underway with both high net worth individuals and institutional investors.
• Broadcast and streaming negotiations are progressing well and on pace, with national coverage as the goal.
• Progress continues on the new MLFB website, when completed it will provide additional capabilities and support.
• MLFB has been contacted by and begun discussions with one of the largest multi-platform corporate communications and investor relations firms in North America. They are actively seeking to partner with MLFB. This is in addition to two other national firms previously disclosed.

Mr. Murtha stated that further information releases are planned in the near future.

Contacts:

Frank Murtha, CEO
F.murtha@mlfb.com

Martin Ryan, IR
martin@emerginggrowthservices.com
(952) 653-1888

SOURCE: Major League Football, Inc.

View source version on accesswire.com:
https://www.accesswire.com/736869/MLFB-Provides-Progress-Report-for-Planned-2023-Season

FAQ

What updates did MLFB provide for the 2023 season?

MLFB reported on funding, game schedules, player scouting, investment discussions, and broadcast negotiations for the 2023 season.

How much funding is MLFB drawing down?

MLFB has commenced drawdowns from a $5 million aggregate Stock Equity Line.

Is MLFB expanding its market for teams?

Yes, MLFB is finalizing schedules and expanding potential markets for its teams.

What are MLFB's current investment discussions about?

MLFB is engaged in serious discussions with high net worth individuals and institutional investors.

What progress is MLFB making in broadcasting negotiations?

Broadcast negotiations are progressing well, with a goal for national coverage.