SOURCE: Monolith Athletic Club

January 09, 2007 10:00 ET

Monolith Athletic Club Impressed by the USL Model for Future of Professional Soccer

MARCELLUS, NY -- (MARKET WIRE) -- January 9, 2007 -- Monolith Athletic Club, LLC (PINKSHEETS: MNAB), a sports and recreation holding company, has identified a potential opportunity in Syracuse, N.Y. to bring professional soccer back to the community. Syracuse, in the past, had a team that left after the 2004 season which was part of the United Soccer Leagues' First Division. "When we looked at Syracuse as a possibility it was important to be involved with a league that shared the same vision and grassroots commitments towards soccer that Monolith has. The United Soccer Leagues has a history of providing just that, from youth levels all the way up to premier professional soccer," stated Allen LaVenture, Executive Vice President of Monolith. "We are excited by this opportunity and look forward to speaking with the league and laying out a path that would bring a First Division team back to Upstate N.Y.," LaVenture added.

The United Soccer Leagues recently celebrated its 20th anniversary of being the largest organization of elite-level soccer leagues in North America. Dedicated to growing soccer at a grassroots level the USL has teams in the United States, Canada and the Caribbean. The league's vision and commitment to develop a soccer nation by fans, investors, administrators, coaches, and players has created the foundation for the growth of the sport, while presenting affordable, exciting family entertainment in over 100 cities and towns on the continent. "We look forward to applying and doing whatever is needed to become involved with an organization like the USL; their commitment to youth and the sport is unparallel in today's sports market," noted LaVenture.

About Monolith Athletic Club, LLC

Monolith Athletic Club, LLC is a sports and recreation holding and development corporation focused on creating, managing and building strong grassroots community programs through ownership of professional soccer franchises in the United States. Monolith is in its initial development stage. Soccer represents the largest growing participation market segment in the U.S. The growth of the sport on the professional level is predicated on the implementation of strong grassroots community involvement programs. It is anticipated that Monolith Athletic Club's primary focus will be on building those programs to support the professional franchises. Monolith's goal is to create a "cultural phenomenon" in the United States similar to that in Europe and around the globe. By bringing the "World's game" to American youth through various athletic and education programs Monolith intends on raising the interest and fan participation level of soccer to compete with the United States' four "major" professional sports.

Safe Harbor

This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among others things, statements about expectations of future business, revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to further develop its business, the company's ability to generate revenues, develop appropriate strategic alliances and successful development and implementation of its business plans, acceptance of the company's services, competitive factors, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.

Contact Information

  • For more information contact:
    Allen LaVenture