Major League Football, Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2021
March 15, 2021 at 03:36 pm EDT
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Major League Football, Inc. announced earnings results for the third quarter ended January 31, 2021. For the third quarter, the company announced operating loss was USD 81,507 compared to USD 176,593 a year ago. Net loss was USD 3.127 million compared to net income of USD 39,285 a year ago. Basic loss per share from continuing operations was USD 0.01. For the nine months, operating loss was USD 277,890 compared to USD 436,376 a year ago. Net loss was USD 3.024 million compared to USD 990,021 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to 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. 
