Market Overview

Millennia, Inc. Completes Asset Purchase with Reunion Sports Group

Millennia, Inc. (MENA) today announced it has completed the Asset Purchase Agreement with Reunion Sports Group, LLC pursuant to which Reunion has conveyed to Millennia, Inc. the United League of Professional Baseball, which has now become United League Baseball, Inc., a new wholly-owned subsidiary of Millennia.

Additionally, six independent minor league professional baseball teams owned by Reunion have entered permanent affiliation agreements to play as part of United League Baseball, Inc. Reunion has contributed to Millennia cash and a note payable, totaling $300,000, and intellectual property rights.

Reunion has received in return 36,500,000 shares of Millennia's common stock. Millennia will now have the exclusive right to organize, own, and operate new expansion independent minor league professional baseball teams in the United League.

Posted-In: News M&A

 

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