"We look forward with great anticipation to having continuous interactions with our fellow owners."
Milwaukee (PRWEB) January 27, 2010
Genesis Capital Corporation of Nevada (OTC.BB:GCNV), through a wholly owned subsidiary, is pleased to announce it has completed an agreement and plan of merger to acquire a 100% interest in the Milwaukee Iron Arena Football Team. In accordance with the agreement Genesis has changed its name to “Milwaukee Iron Arena Football, Inc.”.
The Milwaukee Iron Arena Football, Inc. will be the only Professional Football Team to be publicly trading in the United States.
“This is a terrific opportunity for the Milwaukee Iron,” says team President and CEO Andrew Vallozzi III. “Our team will be very excited to have shareholder owners in Wisconsin and throughout the United States and beyond. We look forward with great anticipation to having continuous interactions with our fellow owners.”
About Milwaukee Iron Arena Football, Inc.:
The Milwaukee Iron is a professional arena football team that plays their home games at the Bradley Center, the premier sports and entertainment venue in downtown Milwaukee, Wisconsin. The Iron are members of the Arena Football One league and compete on the field against legendary arena football teams such as the Arizona Rattlers, Cleveland Gladiators, Iowa Barnstormers, Orlando Predators and Tampa Bay Storm. After the merger the wholly owned subsidiary will continue to be led by Andrew Vallozzi III, President/CEO, and Jason Clark, Vice President/General Manager.
“With the rich history in Wisconsin of fan ownership in professional football we felt this would be another great opportunity that would engage football fans throughout the state.”, said Jason Clark, Vice President and General Manager of the Iron. “The Arena Football One season is right around the corner and there is definitely a buzz in this community about the Iron and the highest level of arena football being back at the Bradley Center. As training camp approaches, the announcement that the Iron is going to be publicly traded will only add to the excitement.”
The head coach of the Milwaukee Iron is Bob Landsee, a former University of Wisconsin All-American offensive lineman and draft choice of the NFL’s Philadelphia Eagles. In the past two months, the Milwaukee Iron have added some of the best arena football players in the country including 2007 AFL MVP, quarterback Chris Greisen, as voted by the AFLWA. The Iron have also signed 2008 AFL All-Rookie wide receiver Tiger Jones. The duo of Greisen and Jones will be one of the most explosive offensive threats in Arena Football One. The quarterback and wide receiver will pair up for the second time in their careers after being AFL teammates in 2008. The Milwaukee Iron will open their 2010 regular season on the road against the 2009 ArenaCup Champion Spokane Shock in Arena Football One’s inaugural game on April 2. In addition to strong team that will be on the field, the Milwaukee Iron will have one of the premier dance teams in arena football in the Platinum Dance Team.
About Arena Football One, LLC:
Arena Football One is led by Commissioner Jerry Kurz and is the only professional league in the world that plays arena football. Arena Football One features the sport’s most talented players and boasts teams from coast to coast in major U.S. markets such as Chicago, Cleveland, Dallas, Orlando, Phoenix, Salt Lake City and Tampa. Arena Football One’s business model is based on using the best methods that have worked in the sport over the past 22 years with a focus of building franchise values based on operational profitability. Arena Football One is organized as a single entity with players and coaches employed by the league. Arena Football One is in the process of selecting a national television partner to produce games of the week along with other media content.
This News Release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
Contact: Jason Clark