SOURCE: Monolith Athletic Club

February 17, 2006 09:09 ET

Monolith Athletic Club LLC. Moves Into the Pro Sports Arena

MARCELLUS, NY -- (MARKET WIRE) -- February 17, 2006 -- Monolith Athletic Club (OTC: MNAB) announced today its intentions to move into the pro sports arena. Monolith intends to acquire and manage professional sports franchises throughout the United States. Focusing primarily on soccer, Monolith has identified the need for strong ownership and management in the professional soccer markets and intends on providing such leadership. The tremendous growth of youth and adult participation has created an opportunity for the professional game to grow exponentially over the next several years. Monolith Athletic Club LLC. will identify viable cities and acquire, grow and manage franchises in those markets.

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 grass roots 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 grass roots 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.

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