Millennia, Inc. Completes Asset Purchase Transaction with Reunion Sports Group, LLC

PRESS RELEASE – Millennia, Inc. (OTCBB: 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.

For further and complete information on the transaction, please refer to the Form 8-K filed by the Company on September 15 with the Securities and Exchange Commission.

Millennia, Inc.John W. Bryant, CEO, 972-792-8873

3 Comments

Filed under Legal, Money & Financials, Personnel & Operations

3 responses to “Millennia, Inc. Completes Asset Purchase Transaction with Reunion Sports Group, LLC

  1. John Dittrich

    I admit to being a complete novice when it comes to these kinds of transactions…. but how is it that Reunion can purchase 36.5 million shares for less than a penny per share…. and yet, the stock is showing a price of almost two dollars per share on the stock exchange? Also, does this mean that the old United League, LLC will not have to be responsible for debts, etc. since it is now United League, INC??? JPD

    • Hi John.

      I hope all is well now up north.

      The 36,500,000 Millennia, Inc. shares were issued to Reunion Sports Group, LLC by Millennia, Inc. in return for payment and for Reunion’s agreements. This made Reunion owner of 94% of the shares of Millennia, Inc.

      Reunion Sports Group, LLC and each of its six teams’ legal status is unchanged: each remain obligated for all existing liabilities. Nothing has changed in that regard.

      United League Baseball is now United League Baseball, Inc. a wholly-owned subsidiary of Millennia, Inc. Neither United League Baseball, Inc. nor Millennia, Inc have any debt.

      If you would like more information about this call me at 214.538.4000.

      Thanks.

      John Bryant

      • John Dittrich

        John. I was thinking of buying a few shares on my TD Ameritrade account , but I still don’t understand how the shares are valued. I put the stock on my watch list. Thanks.

        John Dittrich

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