Major League Football, Inc. Reports Earnings Results for the Second Quarter Ended October 31, 2020
December 15, 2020 at 06:34 am EST
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Major League Football, Inc. announced earnings results for the second quarter ended October 31, 2020. For the second quarter, the company announced operating loss was USD 77,018 compared to USD 81,044 a year ago. Net loss was USD 83,982 compared to USD 587,085 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, operating loss was USD 196,383 compared to USD 259,783 a year ago. Net income was USD 103,219 compared to net loss of USD 1.029 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
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. 
