We should be hearing something soon regarding this:
USBL's Winter Meetings a Success
> Business Wire - March 12, 1999 11:25
> %CT-US-BASKETBALL-LEAGUE USBL BOS %CONNECTICUT %NEW-YORK %SPORTS V%BW P%BW
>
> MILFORD, Conn.--(BUSINESS WIRE)--March 12, 1999--The United States
> Basketball League (OTCBB:USBL) held its Annual Winter Meetings the last
> two days at Harvard Club in New York City with all 13 USBL teams in
> attendance.
>
> The 13 member franchises mark the most ever in League history.
>
> The meeting was considered a success as many important issues were
> touched on. The League disclosed its plans for future expansion. The USBL
> is currently in discussions with five groups who are seeking franchises
> for the 2000 season. All these franchises are located along the East
> Coast and would complement the existing geographical configuration of the
> USBL. The League has set a deadline date of October 31, 1999 for all new
> franchises to come on board for the 2000 season.
>
> Also discussed at the meeting was a new fine system that will be put in
> place for the 1999 season. These fines will be determined and implemented
> by a new USBL Owners Association. Any team that is negligent in any of
> its duties and the standards set forth by the League and its member
> franchises will be penalized monetarily.
>
> The League notified the teams that it has set a date of April 7, 1999
> for the League Draft. This Draft will be eight rounds and will be held
> via teleconference call disseminating from League Office at 12:00 PM EST.
> The USBL's expansion franchise, the Pennsylvania ValleyDawgs, will have
> the first pick, overall.
>
> Finally, the League discussed the USBL Post-Season Format for 1999 with
> its member franchises. The possible host cities for the USBL Post-Season
> Festival are Atlanta, Washington and Sarasota/Bradenton. An answer on
> where the Post-Season Festival will be and the format of the tournament
> will be forthcoming in the next few weeks.
>
> The USBL is a summer professional basketball league. Since its
> inception in 1985 the USBL has sent 121 players on to the NBA. Among the
> number of Alumni are Muggsy Bogues, Anthony Mason, Mario Elie, Chris
> Childs and Charlie Ward.
>
> Although there are other publicly traded sports teams such as the
> Boston Celtics (NYSE: BOS) and Ascent Entertainment (NASDAQ: GOAL) owners
> of the Denver Nuggets and Colorado Avalanche, the USBL is the first and
> only publicly traded Sports League allowing fans to become owners.
>
> The USBL is just fifty (50) days away until it will tip-off on April
> 30th, 1999. The upcoming season will mark the Fourteenth Season of Play
> in the USBL.
>
> CONTACT: The United States Basketball League
> Sean Fisher, Public Relations Director, 203/877-9508
> 203-878-8109 FAX
> Web Site: usbl.com
>
>
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