Major League Football Inc (OTCMKTS:MLFB) Gains Momentum: Here is Why

The world of professional sports remains a lucrative business all over the world and if you are currently on the lookout for any sports entity worth investing in, then it may be the right time to look into Major League Football Inc (OTCMKTS:MLFB).

Trading Data

On Thursday, MLFB stock moved up 7% to $0.0235 with more than 3.18 million shares, compared to its average volume of 1.92 million shares. The stock moved within a range of $0.0200 – 0.0240 after opening trade at $0.0200.

About The Company

Major League Football Inc is based out of Lakewood Ranch in Florida and is a public traded entity, which represents a professional football league. The aim of the league is to provide football players with the necessary growth opportunities so that they can get the requisite exposure to the National Football League and some of the other leading leagues.

That way it is possible for the players to give wings to their careers and dreams. In addition to the actual football players, the league also provides opportunities and training to trainers, coaches, and other front office personnel.

Major League Football (MLFB) Announces Mobile as Final Host City for Inaugural 2022 Season

The company was actually in the news yesterday after it made a major new announcement. Major League Football announced on Thursday that it had chosen Mobile in Alabama as the fourth and final home city for its first season that is going to kick off on August 9, 2022. In this regard, it is also important to note that the other cities that have been chosen by the league are Little Rock in Arkansas, Virginia Beach in Virginia, and Canton in Ohio.

These four cities are going to make up the ‘Core Four’ of the MLFB. The company chose these four cities because football is highly popular within the populace and Major League Football believes that the cities support its vision of exciting football that lies within a sustainable business framework.

In addition to that, the company also announced the names of the fourth teams from the four different cities. The teams in question are Alabama Airborne, Arkansas Attack, Virginia Armada, and Ohio Force.

The games of the Ohio Force are going to be played at the Canton Hall of Fame Bowl and the Alabama Airborne team will play their home games at the Ladd-Pebbles Stadium. The Virginia Beach Sportsplex will host the Virginia team’s games and the War Memorial Stadium will be the venue for homes games of the Arkansas team.

Key Quote

“Today I am delighted to announce Mobile as MLFB’s fourth host city,” said MLFB CEO Frank Murtha. “Mobile joins Canton, Little Rock, and Virginia Beach as our “Core Four.” These four unbelievably supportive markets provide not only a tremendous base for this season but also a solid foundation for Spring 2023 when we begin our quest to become America’s home for Professional Spring Football.”

Technical Data

MLFB stock is trading above the 20-Day and 50-Day Moving averages of $0.0225 and $0.0230 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0199.