MLFB Announces Letter of Intent for $120 Million in Equity and Credit Line Financing

$20 Million in Equity and $100 Million Line of Credit Offered to Fund MLFB s 2016 and 2017 Seasons LAKEWOOD RANCH, FL MLFB, (Marketwired Feb 17, 2016) Major League Football, Inc. (OTCQB: MLFB) ( MLFB , the League or the Company ), a new, professional spring-football league scheduled to kick off in 2016, today announced receipt of a Letter of Intent from Asian Global Capital, Ltd. to enter into a funding agreement with MLFB to provide MLFB with operating capital. The funding agreement is expected to include a $20 million equity purchase of MLFB common stock, a $100,000,000 line of credit, and a right of first refusal to purchase a future MLFB franchise in Orlando, Florida, should one become available. Based on MLFB s current business model, it has outlined future plans to sell off turnkey franchises to prospective franchise owners from its current, single-entity, league-ownership structure in its first two years of operations. Franchise sales of the League s teams are scheduled to open
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