USBL Profile

United States Basketball League

Recommended on June 11, 2001 at $0.80

Interview with Daniel Meissenheimer III, CEO US Basketball League.

Company Overview

Founded in 1984, USBL is the only publicly traded professional sports league. The company operates a professional summer basketball league through franchises in the United States. In April 2001, the USBL began its regular season summer schedule with the Atlantic City Seagulls, Brooklyn Kings, Long Island Surf, Pennsylvania ValleyDawgs, Dodge City Legend (Kan), Florida Sea Dragons, Gulf Coast Sun Dogs, Kansas Cagerz, Oklahoma Storm, and Lakeland Blue Ducks (Fl) as franchises.

USBL: The League of Opportunity
The USBL has provided an opportunity for players to improve and showcase their skills for the National Basketball Association and International clubs around the world. This league has been the springboard of many of NBA careers. The USBL season runs from late-April (to allow players who have concluded their collegiate careers and either have been drafted by the USBL or want to attend mini-camp) until mid-July (before the start of NBA rookie and free agent camps.) The USBL's rules are identical to the NBA's, with the added stipulation that each team carry at least three rookies on its twelve-player roster.

In addition to player development, the USBL offers excellent opportunities for coaches, referees and front office administrative personnel seeking to further their respective careers. Franchises also become more involved with their community by providing a professional sports team, which becomes an active vehicle for pleasure, community service and profit.

An emphasis on sound operations, proven business methods and a commitment to its players, coaches, owners and fans translates into winning a successful formula for the USBL and everyone involved with "The League of Opportunity".

Company Highlights

PROFITABLE!! For the year ending February 29, 2001, Net Income was $44,888.
Net Income $.01 per share.
Outstanding Shares 3,478,502 common shares, 1,105,679 preferred shares.
Free trading float is approximately 500,000 shares.
MANAGEMENT TAKES NO SALARIES; THEY USE THE FUNDS TO BUILD THE BUSINESS!
Gate attendance for 1st half of 2000 was 50% higher than corresponding period in 1999.
The Meisenheimer family controls 85% of the outstanding stock.
If you look at the S.E.C. Documents, they haven't taken a PENNY for the years 1998, 1999 and 2000. This is truly a labor of love.
The expenses to run this league are peanuts!
League has been in operation since 1985. There are currently 10 teams in the league:
Teams pay a one time $300,000 franchise fee directly to the league and an annual $20,000 royalty payment for ten years.
The USBL has plans to increase the number of teams to 40 in the next five years.
The yearly cost to run an USBL team is approximately $250,000.
It is very civic friendly to own a sports team, and a USBL franchise can be purchased for 2% of the cost of an NBA Franchise.
Since 1985, more than 100 players have graduated from the USBL to the NBA.
Former USBL players include Muggsy Bogues, Anthony Mason, Mario Elie, Avery Johnson, Charlie Ward and Chris Childs.
A family of four can attend a USBL game for less than the price of 1 ticket to an NBA game.
The USBL has received its second comment letter from the S.E.C. and is in the process of responding to the remaining questions. They hope to submit it to the S.E.C. by May 15th and then await a return to the O.T.C or a third letter.
They are in dialogue with SEVEN new investor groups for expansion teams next year. They hope to complete these negotiations by late summer. Announcements will follow as warranted.

Intangibles

Building the USBL brand name: USBL has an identity in sports pages both nationally and internationally
In the past 15 years, 130 USBL players have "graduated" onto NBA rosters
Twenty USBL logo license opportunities (expanding every year)
Growth of league is currently 30% per year
The USBL has increasing interest from television networks (cable) because of its 15-year history and its continued growth in attendance
Over 1,000,000 fans have watched USBL games, building a loyalty base throughout the eastern United States
Currently, the USBL is offering expansion teams for $300,000, and additional funds to properly capitalize a team and operate for a year would be another $250,000. This is quite low compared to recent prices for AAA baseball teams of $12 million as advertised in the Wall Street Journal.

Management

DANIEL T. MEISENHEIMER, III
Chairman and Commissioner

Daniel T. Meisenheimer, III founded the United States Basketball League in December, 1984. At the time he founded the USBL, Meisenheimer was the youngest Commissioner of any professional sports league in history at age 33.

RICHARD C. MEISENHEIMER
Vice President of Finance

Richard Meisenheimer, brother of Commissioner Daniel Meisenheimer, III, serves as the USBL's Vice-President of Finance. Meisenheimer, a graduate of Southern Connecticut State University with a Bachelor of Science degree in economics, has been actively involved in the League since its inception.

LYNN CASA
Director of Administration

Lynn Casa has worked in the USBL offices since it began operations in 1985, and has filled many important roles during the last 14 years. As the USBL's Director of Administration, her primary responsibility is to coordinate the internal operations of the League office. This well-rounded responsibility includes arranging the travel for League officials and maintaining correspondence with current and prospective franchises.

ED KRINSKY
Director of Operations

Ed served for five years (1991-1995) as the General Manager of the Long Island Surf and during that time six players, including Anthony Mason, Lloyd Daniels and Michael Curry, went on to play in the NBA. It was during Ed's tenure that the Long Island Surf established his Youth Outreach Program, which has since been replicated by other USBL teams. The purpose of the Youth Outreach Program is to expose school age youngsters to positive role models through a series of basketball clinics preceding USBL games. In addition to teaching basketball skills, current and former NBA coaches and players, high school and college coaches and prominent community leaders stress the importance of sportsmanship, education, drug and alcohol avoidance and career planning.

ORVILLE SWEENEY
Director of Public Relations

Orville Sweeney is in his first year as Director of Public Relations. Sweeney comes to the USBL with a diverse background in marketing, sales, banking and academia. Sweeney's transferable skills will be a great asset to his new position.

TOM PALMGREN
Supervisor of Officials

Tom came to the USBL with a long successful officiating career which began in 1977 and is current with the IBL, Pro-AM, UBA, NIKE Summer Pro League and the New Jersey Summer Pro League. Tom's success as a referee in the USBL earned him a spot on the playoff staff during his rookie season. Tom is Supervisor of Officials for the Greater New York Pro-AM as well as the programs' coordinator of Training and Development of Officials. He is extremely proud of his new non-profit corporation, D.O.C. (Dynamic Officiating Concepts) which provides expertise in the development of leagues and referee training programs for adults and youths.

Why is USBL different from most micro-cap stocks?
1. History 2. No dilution 3. Superior Management Commitment 4. Long term strategy 5. Profitability

Take one look at USBL and any micro-cap investor will know that this a unique opportunity. OTCLIVE.com challenges any serious micro-cap investor to find another company not listed on the major exchanges that exemplifies USBL's commitment to long term shareholders.

History - The United States Basketball League was incorporated in 1985. Beginning in 1985 the USBL has grown from a unique concept into an internationally known professional basketball league with over 125 USBL players earning positions on NBA rosters. USBL has been in business for over 15 years.

No Dilution - Those of you who know Don Penny and his micro-cap strategy, know that dilution is one of the most important factors when considering a OTC BB investment. Many shareholders have been burned by companies that continue to issue stock for pennies causing dilution that erases shareholder value. Nothing irks Don Penny more than watching blocks of stock being sold from management and insiders who acquired thousands of shares for pennies on the dollar. USBL has no present risk of dilution. There are currently 3,478,502 shares outstanding. Including the ownership of MCI by the Meisenheimer family, they effectively control 87% of the outstanding Common Stock of USBL. The public float is under 500,000 shares and most of it are in friendly hands. OTC Live asked Daniel Meisenheimer III about the history of the shares outstanding. Here is his response: "With regard to your questions, the outstanding shares in the USBL are 3,483,502 as of 8/31/00 and as of 2/29/00 the number was also 3,483.502 and as of 2/28/99 there were 3,478,502 outstanding and as of 2/28/98 there were 3,451,001 shares outstanding. Management has treated these shares like GOLD and will not issue shares very often and when it does, it will be in small amounts."

Superior Management Commitment - Historically, USBL only two officers, D. Meisenheimer III and Richard Meisenheimer, have not received or taken any salaries from USBL. USBL management in order to confirm its commitment to long term shareholder value, could of exceeded an investment of 10 million dollars in cash, service, etc. Daniel T. Meisenheimer III ("Mr. Meisenheimer III") has been Chairman of the Board and President of the Company since its inception in 1984. Mr. Meisenheimer III has also been the Chairman of the Board and President of MCI, USBL's parent, since 1983 and occupies the same positions in Cadcom and MCR, the other subsidiaries of MCI. Mr. Meisenheimer III is also a shareholder and director of Synercom, Inc. ("Synercom"), a Meisenheimer family-owned holding company which owns Spectrum Associates, Inc., a shareholder of USBL. Richard C. Meisenheimer ("R. Meisenheimer"), brother of Mr. Meisenheimer III, has acted as Chief Financial Officer and a Director of USBL since the inception of the business in 1983. R. Meisenheimer has also been associated with Spectrum Associates, Inc. ("Spectrum") since 1976 and is now the President of that Company. Spectrum owns 37.7% of the Preferred Stock and 6.7 % of our Common Stock. Spectrum is the main customer of Cadcom, MCI's other subsidiary. Daniel T. Meisenheimer, Jr. ("D. Meisenheimer, Jr.") was the father of Mr. Meisenheimer III and R. Meisenheimer and the husband of Mary Ellen Meisenheimer. D. Meisenheimer, Jr. served as a director of USBL from its inception to September, 1999, when he died. We have not replaced D. Meisenheimer Jr. with another director.

Long term strategy - After completing their 15th and most successful season, USBL's future plans appear brighter than ever. Next season USBL plans to limit the expansion to a total of 14 franchises. Cultivating new areas of the country will allow more exposure with increased awareness. Next season the USBL projects attendance figures of 50% or more from this years totals.

Profitability - For the first time in its 15 year history, USBL posted a profit for the year ending February 29, 2000. Net income rose to $44,888 or one cent + .01 a share versus a loss of $160,965 or ($.05) cent a share, for the year ended February 28, 1999. Management estimates that for the year ending 2001, earnings should increase from 2000 levels.

Atlantic City
Seagulls

Brooklyn
Kings

Dodge City
Legend

Florida
Sea Dragons

Kansas
Cagerz

Lakeland
Blueducks

Long Island
Surf

Maryland
Mustangs

Oklahoma

Pennsylvania
ValleyDawgs

Disclaimer

This profile published by OTC Live, Inc is an independent electronic publication providing information and factual analysis on selected companies. All statements and expressions are the opinion of OTC Live, Inc and are not meant to be either investment advice or a solicitation or recommendation to buy, sell, or hold securities. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. OTC Live, Inc is not a registered investment advisor or a broker dealer. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. Profiles rely on information provided by the featured Companies and/or Edgar filings. While OTC Live, Inc believes its sources to be reliable, associates of OTC Live, Inc, or any affiliated parties make no representation or warranty as to the accuracy of the information provided. Readers should not rely solely on the information contained in this publication, but should consult with their own independent tax, business and financial advisors with respect to any investment opportunity, including any contemplated investment in the advertised Company.

Factual statements in this publication are made as of the date stated and are subject to change without notice. OTC Live, Inc is not responsible for any claims made by the Company. We have prepared this report, drawing upon a range of public news, the company's website and information from sources in the industry, as well as data and opinions provided by the company. Prior to issuing this report, the Company reviewed and approved the contents in writing hereof. OTC Live, Inc has not independently verified the Company's representations. Any opinions expressed in this report are statements of judgment as of the date of publication. We urge readers to carefully verify all presentations within the report independently. The receipt of this publication shall not create, under any circumstances, any implication that there has been no change in the affairs of the company profiled since the date of review. This advertisement does not provide an analysis of the Company's financial position. OTC Live, Inc of this advertisement has been compensated $2,000 by a third party for the preparation and electronic dissemination of this report. This should be viewed as a potential conflict of interest. Furthermore, associates of OTC Live, Inc may have stock positions on profiled companies from time to time. We may profit in the event the shares of the Company profiled by us increase in value. These positions may be liquidated from time to time even after we have made positive comments regarding the Company. The receipt of this information constitutes your acceptance of these terms and conditions.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS: Except for historical information contained herein, the statements on this website and newsletter are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the companies operations. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ``anticipate,'' ``estimate,'' ``expect,'' ``project,'' ``intend,'' ``plan,", "anticipate", "guess", "think", "hear", "suggest", ``believe,'' and other words and terms of similar meaning in connection with any discussion of future operating or financial performance.

As a suggestion, "Never, ever, make an investment based solely on what you read in an online newsletter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known," said Nancy M. Smith, Director of SEC's Office of Investor Education and Assistance. "Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research." "Internet Fraud" is available on the SEC's Web Site, at http://www.sec.gov/consumer/cyberfr.htm.

The United States Basketball League, Inc. 46 Quirk Road Milford, Connecticut 06460 Phone: 203-877-9508 or 1-800-THE-USBL Fax: 203-878-8109 Email: usbl@usbl.com Website: www.usbl.com

DANIEL T. MEISENHEIMER, III Chairman and Commissioner

RICHARD C. MEISENHEIMER Vice President of Finance

LYNN CASA Director of Administration

ED KRINSKY Director of Operations

ORVILLE SWEENEY Director of Public Relations