USBL Completes Acquisition.Business Editors MILFORD, Conn.--(BUSINESS WIRE)--June 18, 2003 The United States Basketball League “USBL” redirects here. For other uses, see USBL (disambiguation). The United States Basketball League OTCBB: USBL is a professional men's spring basketball league. The league was formed in 1985 and has been in continuous operation every year except 1989. , Inc., the first and only publicly traded sports league (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: USBL USBL United States Basketball League USBL Ultra-Short Baseline (acoustic positioning system) ) has recently completed the acquisition of its corporate headquarters in Milford, Connecticut for $440,000.00. This purchase of approximately 6,000 square feet facility will allow the USBL to continue to build its asset base, while the company grows its business. With this recent transaction, the USBL, Inc. has taken the first step toward the asset requirements for higher market presence for its publicly traded shares. Management of the company is committed to reaching these necessary requirements for an improved listing from the OTC BB to another market for its publicly traded shares. The USBL a nineteen-year-old professional basketball league has ten teams and is in the middle of its 18th season. The League was established in 1985 and currently has teams in Kansas (Dodge City and Salina Salina (səlī`nə), city (1990 pop. 42,303), seat of Saline co., central Kans., on the Smoky Hill River; founded 1858 by settlers opposed to slavery, inc. 1870. ), Texas (Fort Worth), Oklahoma (Enid), Florida (Melbourne), New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (Brooklyn, Glens Falls and Westchester), Iowa (Cedar Rapids) and Pennsylvania (Easton). Over the past 18 years, 138 USBL players have gone onto the NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= . Our most notable players are Spud Webb, Manute Bol, Michael Adams, Anthony Mason, Charlie Ward, Michael Curry and Avery Johnson. The USBL has also had numerous former NBA players as head coaches, such as Kareem Abdul-Jabbar, Darryl Dawkins, John Lucas, John Starks, Eric Mussellman and Rick Barry. More information on the USBL, its players and its teams can be found at the USBL web site (www.usbl.com). |
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