Dallas, TX (PRWEB) August 6, 2008
Citizens Capital Corp. (OTC:CAAP) today announced that its Dream League unit has launched the Dream League Football Association™ DLFA, a salary capped, professional football league, operating a fall season, predominately Saturday schedule. The DLFA shall play a (18) game regular season with playoffs extending through to its annual Dream Bowl™ championship game. The DLFA season will culminate with the annual DLFA Pro All-Star/Senior Collegiate All-Star game. The DLFA shall share national television revenues with its licensed team operators, with both local television and radio broadcast rights granted to its team operating licensees in each of their respective markets. The DLFA shall hold an open market player selection draft in March of each year, as well as, a supplemental player selection draft on a date subject to future announcement. The DLFA shall have both a soft and a hard salary cap. For further salary cap related details, please see full story at: BFNN Sports.
Players in the DLFA must be at least 18 years of age, possess a high school diploma or have a G.E.D. equivalent. By league mandate, no DLFA franchise may stage any organized team practice sessions prior to 3 p.m., Monday thru Thursday, during the September thru December period. All DLFA franchises shall be required to maintain an Executive level, Academic Advisory officer charged with coordination of University Degree studies; DLFA Players.
The DLFA shall place licensed operating teams in strategic, pre-selected consumer markets in two (2) phases. The Phase I initiative shall deploy twenty (20) DLFA teams in twenty (20) initial markets and be divided into the Republican and Democratic conferences with four (4) sub-divisions. DLFA Phase I consumer markets have a total current metropolitan population of 80,639,984; DLFA Markets.
The Dream League owns the master, licensed operating rights of each of its DLFA teams. The Dream League shall sell a DLFA team operating license; and a revenue interest in DLFA, L.P. thereof, directly to private ownership groups in each of its pre-selected markets; DLFA Ownership Groups.
In conjunction with its DLFA operating license purchase and DLFA, L.P. revenue interest, each DLFA ownership group may option to receive equity control of a publicly held, vertically integrated, industrial holding company (VIIHC). The VIIHC may be utilized both as a diversified corporate acquisition vehicle, as well as, a new stadium finance tool.
Says Billy D. Hawkins, CEO of Citizens Capital, "six years ago we formed the outlines of the DLFA as we under took a military review of the lay of the land as it stood in both professional and collegiate football. Combined with this we have a very unique perspective. In 1973, I was present as a fan in San Antonio to personally eye witness the arrival and rise of the then ABA's Spurs franchise. I saw George Gervin; Dr. J; Moses Malone; George McGinnis; Artis Gilmore; James Silas; David Thompson; Larry Kenon and Super John Williamson, as young professionals five years before the rest of the world ever got a glimpse. There was no national or regional television broadcast, no ESPN, no TNT and no internet at the time, today the landscape has changed. Also, I personally experienced the plight of the "athlete-student" as a scholarship, college football player. These experiences left a deep impression upon me. Today, as a businessman, the timing is appropriate to step in with a new product amongst the existing climate of greed, arrogance and comfort."
About Dream League Football Association
The Dream League Football Association is a Dallas, Texas based affiliate of Citizens Capital Corp.. The DLFA is a salary capped, revenue sharing, professional football league, operating in the Fall season with a predominately Saturday game schedule. The DLFA shall hold an open market, player selection draft in March of each year. Players in the DLFA must be at least 18 years of age, possess a high school diploma or have a G.E.D. equivalent. By league mandate, no DLFA franchise may stage any organized team practice sessions prior to 3 p.m., Monday thru Thursday, during the September thru December period. All DLFA franchises shall be required to maintain an Executive level, Academic Advisory officer charged with coordination of University Degree studies.
With a primary emphasis on its local, regional and national advertisers and a focus upon consumer markets, the DLFA considers no existing market as sacred. The DLFA shall place teams in pre-selected, consumer markets in (2) phases. Phase I shall deploy with twenty (20) initial DLFA franchises in twenty (20) consumer markets.
For further information, prospective ownership groups should contact the Dream League Football Association. Each prospective DLFA ownership group will be required to demonstrate its financial qualifications. Contact the DLFA.
About Citizens Capital Corp.
Citizens Capital Corp. (OTC:CAAP) is an emerging growth, acquisition oriented holding company that is engaged in the development of assets and/or the acquisition of businesses across several industry sectors and, through the application of well defined management strategies, pursues maximization of shareholder values.
For further information contact Citizens Capital Corp.; at: (214)764-9070; Ext. 1.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Citizens Capital Corp. to accomplish its stated plan of business. Citizens Capital Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Citizens Capital Corp. or any other person that the objectives and plans of Citizens Capital Corp. will be achieved.