SOURCE: Monolith Athletic Club

May 18, 2007 17:39 ET

USL Talks Continue for Monolith Athletic Club, LLC.

MARCELLUS, NY -- (MARKET WIRE) -- May 18, 2007 --

Monolith Athletic Club, LLC. (PINKSHEETS: MNAB) announced today that it continues discussions with the United Soccer League to restore the franchise to Syracuse, NY. The return of a professional soccer team is close but appears to have some hurdles. Monolith believes that with an exceptional business plan, and its overwhelming support from the community that these challenges can be addressed.

About Monolith Athletic Club, LLC.

Monolith Athletic Club, LLC. is a sports and recreation holding and development corporation which focuses on creating, managing and building strong grassroots of community programs through ownership of professional soccer franchises in the United States. Monolith is in its initial development stage. Soccer represents the largest growing contribution market segment in the U.S. The expansion of the sport on the professional level is predicated on the achievement of the strong working 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 Europe and around the globe. Monolith intends to bring the "World's Game" to the American youth through various athletic and education programs, with hope to raise the interest and fan's participation level of soccer. Additionally, Monolith anticipates competing 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 that 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:

    Monolith Investor Relations