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MLFB Selling Shares To Two Investors, Plans On Paying Debt, Return In 2023 With TV Deal

Press Release

Frank Murtha, President and CEO of Major League Football, Inc. (“MLFB”) announced today that the Securities and Exchange Commission (“SEC”) approved the MLFB Form S-1 Registration Statement effective on December 28, 2022.

The Form S-1 approval with two identical Common Stock Purchase Agreements, allows MLFB, subject to the terms and conditions set forth, to sell to the two Investors up to a combined Five Million Dollars ($5,000,000) of registered common stock, $0.001 par value per share (the “Common Stock”).

This represents a potential $2,500,000 for each investor. We have a right to sell shares to these two investors in seven (7) day periods at a price tied to the MLFB stock trading price. This infusion of cash will allow MLFB to pay off certain obligations and continue our preparation for the 2023 season.

We remain in negotiations with our planned venues to set dates and times for our planned four team League. These venues will be announced when they are signed.

Additionally, we are in discussions with a major TV network to broadcast our games, several others have expressed an interest in doing so also. We will announce our two marketing and media firms when finalized, both have excellent national and international reputations in their respective fields. They will be heading up our marketing and sponsorship programs.

As noted previously, our key coaches, staff and executives remain committed and are working diligently on preparations for our planned 2023 season. We have moved our equipment used in the previous football camp in Mobile, Alabama, to our secured Texas warehouse for inventory and reconditioning, as needed.

With the infusion of the Form S-1 funds, we plan to make payments to trade creditors in Mobile and elsewhere from when we suspended the 2022 football season. We will provide further updates when appropriate.

Finally, while we are developing the MLFB website, all of the most recent filings, archived press releases, stock data, and the opportunity to follow MLFB by email can be accessed at MLFB.pro

* It looks like they lost their old website https://www.mlfb.com/


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Mark Perry, a passionate sports journalist and the founder and editor of XFL News Hub, has been at the forefront of covering the XFL since its revival in 2018. Within days of the XFL's announced return, Mark initiated XFL News Hub to keep the fans abreast of every detail, game, and development of the league. Mark's extensive knowledge of the sport, combined with his unwavering dedication to providing comprehensive and accurate reporting, has made XFL News Hub the go-to platform for all things related to the XFL. His work over the years has brought him recognition in the world of sports journalism, solidifying his place as a leading voice in XFL coverage. Beyond just reporting, Mark believes in fostering a community around the XFL, engaging fans through his innovative content and discussions. If you have any inquiries, comments, or insights you'd like to share, Mark welcomes you to contact him directly at mark.perry@xflnewshub.com.

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