We are excited about being a partner to Milwaukee Iron Arena Football and providing funding to the company.
Milwaukee, WI (PRWEB) March 3, 2010
Milwaukee Iron Arena Football, Inc. (“Milwaukee Iron”) (OTC.BB:GCNV), an Arena Football League team that plays its games at the Bradley Center in downtown Milwaukee, announced today that it has signed a $15 million equity line with Kodiak Capital Group, LLC of New York City.
Ryan Hodson, Managing Director of Kodiak stated, “We are excited about being a partner to Milwaukee Iron Arena Football and providing funding to the company. The facility provides management inexpensive and flexible access to capital when and as needed in order to continue the growth efforts already achieved by the Arena Football League.”
Under the terms of the agreement, the Milwaukee Iron may elect to receive as much as $15 million from Kodiak in common stock purchases over the next three years.
“We have selected Kodiak Capital Group to invest in our company because they understand the operations and functions of a professional sports team,” said Andrew Vallozzi III, President and CEO of the Milwaukee Iron. “Kodiak will provide us with the necessary capital to reach our short and long term goals, allowing us to take another step in the direction to making the Milwaukee Iron one of the most successful sports franchises in the country.”
About Kodiak Capital Group, LLC:
Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets of their long-term strategy by providing capital and progressive business solutions. Kodiak manages a portfolio of investments in public and private equities. Founded in 2009, Kodiak has already transacted in excess of $250 million in financing for companies across a multitude of industries including biotechnology, business services, consumer products, defense, healthcare, Internet, manufacturing, medical devices, natural resources, oil and gas, renewable energy and wireless communications. Headquartered in New York City, Kodiak has assisted companies throughout North America and Australia.
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 League and compete on the field against legendary Arena Football League teams such as the Arizona Rattlers, Chicago Rush, Cleveland Gladiators, Iowa Barnstormers, Orlando Predators, Tampa Bay Storm and Utah Blaze. The Milwaukee Iron is led by Andrew Vallozzi III, President/CEO, and Jason Clark, Vice President/General Manager.
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, and 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 the Arena Football League. 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 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 the AFL in the Platinum Dance Team. The Milwaukee Iron will be showcased to a national television audience on May 14 when the Utah Blaze battle the Iron at the Bradley Center on the NFL Network.
More information about the Milwaukee Iron can be found at http://www.mkeiron.com.
This release contains statements that constitute 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, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Milwaukee Iron Arena Football LLC, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Milwaukee Iron Arena Football, LLC’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Milwaukee Iron Arena Football LLC’s filings with the Securities and Exchange Commission.