*AV* --- Got an oldie from you that I will catch up on. This is not an endorsement but rather coming acorss this info yesterday and getting to your real old post to me. Funny thing is that when we first started on this company, it was a $2 and there was no activity.
No one was able to get in at the $1.50 level, if I remember correctly. I do not know when this first popped up but it hasn't moved. Actually that could be considered a blessing to anyone who has seen there portfolio shrink from the stocks that did move (unfortunately down). So for your viewing pleasure and to get down to 16 messages that I have yet to answer:
New Jersey boy finally makes good.
The United States Basketball League (USBL) was on hand today when its newest franchise, the New Jersey Shorecats (based in Asbury Park, New Jersey), announced that they have named Rick Barry their new Head Coach. The former Golden State Warrior and current Hall-of-Famer will take over the post as the first Coach in the Shorecats history.
Barry comes back to New Jersey where he started his tremendous basketball career. (blah blah blah)
When I saw this I remember you posted on USBL...for the life of me I can't find where. Looking forward to Springsteen coming back to conduct the ompah band for the Fairfield Flagellators.
Subject: USBL:OTC
We first spotted USBL in Jan at $2. The stock has been
trading around that range ever since. USBL is about to begin a promotional
cycle, the technicals and fundamentals are in place. We have taken a piece
of the cake and are charging USBL a fee for dissiminating their news.
The float is extremely small, and we are aware of at least two other
newsletters following the story. On top of that, the February edition of
INDIVIDUAL INVESTOR magazine (about 500,000 subscribers) came out
on Friday with a write up on USBL. All this added publicity should start
propellingthe stock fairly soon.
USBL EXECUTIVE SUMMARY
Name of Principal: Daniel T. Meisenheimer, III
The United States Basketball League, Inc. is the first publicly owned
professional sports league currently trading Over The Counter under the
symbol USBL. The League is unique in its structure both as a publicly
traded company and by virtue of being the first franchiser of professional
sports teams. This structure enables the USBL to focus on sports
entertainment and national expansion while providing its shareholders with
great growth potential as the League expands across the country.
In its first twelve years, the USBL has had numerous teams compete with high
caliber athletes and hundreds of USBL players are being invited to NBA
camps. More than 110 of these USBL players have made NBA rosters. All
televised games are produced by USBL Productions (a division) and
broadcasted to a potential audience of nearly 40 million homes. In excess
of 1 million fans averaging 1004 per game attended the games the past twelve
years. National expansion and greater TV exposure on a new television
network are planned for the 1998 season. The USBL anticipates a total of 60
franchises in six divisions within five years.
Corporate structure comprises: USBL Properties (uniforms, license fees,
catalog items, souvenirs, promotions); USBL Productions (video and
marketing; and, USBL Career Opportunities (placement for players off season
and post career). Each component will serve the League as separate USBL
revenue generators.
Each franchise (currently selling for $300,000.) operates as a member of the
USBL under the Standard Franchise Agreement. In addition, each team must be
capitalized with an additional $250,000. Franchises (teams) are owned by a
corporation, a partnership, or by an individual, and operate autonomously
within the USBL (the League), but all teams follow the same approach in
advertising and marketing. The USBL coordinates all advertising, media
exposure and corporate sales to accomplish the best value for all teams.
Each team develops its own identity, players, coach, logo, etc. and markets
accordingly. During the first few years, the teams need to establish
themselves with the media, fans, sponsors and ticket-buying public. Each
year of operation and success enhances the overall team operation and should
add to overall appreciation of team value. USBL teams should certainly
follow the success of minor league baseball teams which have appreciated ten
fold in the last few years. The USBL anticipates increasing the franchise
fee to $500,000 within the next few years.
In addition to player development, the USBL offers excellent opportunities
for coaches, referees, and front office administrative personnel seeking to
further their respective careers. Head Coaches receive experience by
working with players and designing game strategies while referees are
presented with a challenge of officiating fast-paced, action packed
professional games. People involved with management aspects gain
unparalleled experience and insights into the operation of a professional
sports franchise. Franchises also become more involved with their community
by providing a professional sports team which becomes an active vehicle for
pleasure, community service, and profit.
Not only is the USBL a developmental forum, but it is also a revolutionary
business enterprise. Established as the only professional sports league to
utilize franchising techniques, the USBL offers potential owners one of the
least expensive franchises to purchase and operate in the professional
sports industry. In addition, the USBL is the first and only professional
sports league to be owned by the fans. The USBL went public and trades on
the OTC under the symbol USBL. The sensible expansion blueprint and
realistic budgets allow business persons the opportunity to become involved
at a reasonable investment level. Corporate sponsors, which seek to reap
the benefits of an association with professional athletes, also receive an
excellent return on their investment through the achievement of solid market
value and grass roots penetration.
The USBL, Inc. (OTCBB:USBL) is planning a secondary stock offering. The
Public Offering is targeted to raise additional capital from the sale of
common stock. The proceeds will be applied to expansion, growth in goods
and services, promotions, professional services, corporate developments and
acquisitions.
The only competition is the Continental Basketball Association whose
franchises dominate the Midwest and run on a fall and winter schedule.
The float is extremely small. Management holds 85% of shares,
leaving only 500,000 on the open market, but the Company is planning a
secondary offer, as mentioned previously. For now, like many of the
league's players, the stock remains largely undiscovered. It trades at
$2.50, sixteen (16) times expected earnings for 1998.
VISIT the USBL WEB SITE AT usbl.com. |
