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American Basketball Association Canada Inc. (“ABA Canada”), a subsidiary of Valiant Eagle, Inc (OTC:PSRU), is thrilled to announce a significant milestone in its growth strategy with the signing of two Memorandums of Understandings (MOUs). These groundbreaking agreements signify ABA Canada's commitment to expanding its presence into the Canadian basketball market, marking an exciting new chapter for both parent and subsidiary.
Under the terms of the MOUs, the new team owners are to have exclusive territory reservations granted by ABA Canada allowing access to specific parts of Provinces/Territories across Canada. As consideration, each team owner will pay a license fee of $200,000. This strategic move underscores Valiant Eagle's dedication to tapping into the immense potential of the Canadian basketball landscape and further solidifies its position as a desired prominent player in the sports industry.
"We are thrilled to embark on this exciting journey utilizing the American Basketball Association Canada Inc. With average income in Toronto being $57,000 as of January, we want to make sure price points are affordable for families. The league isn’t designed to compete with the NBA but is designed to provide sports entertainment for those who would not otherwise experience it,” said both Valiant Eagle and ABA Canada CEO, Xavier Mitchell. He continues, "These agreements represent a significant opportunity for us to expand our reach and engage with basketball enthusiasts across Canada. We are confident that this collaboration will yield tremendous benefits for both parent and subsidiary and allow us to be a player in the global sports market."
The ABA Canada league holds several responsibilities to its team owners and teams to ensure the smooth operation and success of the league. Some of these responsibilities include:
Overall, ABA Canada's responsibility to its team owners and teams is to foster a conducive environment for competitive basketball, promote the growth and success of the league and its stakeholders, and uphold the values of professionalism, integrity, and collaboration within the basketball community.
Professional basketball teams typically generate revenue from various sources, including ticket sales, sponsorships and advertising, broadcast rights, merchandise sales, concessions and hospitality, licensing and royalties, arena rentals and events, player transfers and endorsements, corporate partnerships, and digital media and content. These revenue streams may vary in significance depending on factors such as the team's market size, performance, brand recognition, and the overall economic climate. Additionally, teams may explore new revenue streams and business opportunities to diversify their income sources and maximize profitability.
Since the Toronto Raptors won the NBA championship in 2019, there has been a notable impact on basketball in Canada compared to other sports. The Raptors' victory has significantly boosted the popularity of basketball, inspired a new generation of players, spurred investment in infrastructure, attracted corporate sponsorship, had a positive economic impact, and raised Canada's profile on the global stage. Here are some key aspects of this impact:
ABA Canada is actively working towards expanding its presence across the Provinces and Territories by establishing additional teams, aiming to create a fully functional league. With this objective in mind, our primary goal is to introduce twelve new teams within the next year. In conjunction with expanding our team roster, we are committed to developing the necessary league infrastructure to support these additions. This includes implementing robust administrative frameworks, fostering community engagement initiatives, enhancing marketing strategies, and ensuring the provision of essential resources such as venues, equipment, and coaching staff. By fortifying the league's infrastructure, we aim to create an environment conducive to fostering talent, promoting competition, and ultimately elevating the standard of basketball in Canada.
For more information visit:
ABA Canada Contact
Address: 567 Roehampton Ave Suite 40
Toronto, ON N4P 1S5
Phone: 289-278-6001 (CA)
917-426-1666 (USA
Email: myabacanada@gmail.com
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Valiant Eagle, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Valiant Eagle, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
About Valiant Eagle:
Valiant Eagle, Inc. (OTC Pink: PSRU) is a publicly traded corporation focused on the energizing of celebrity entertainment, social media and TV communications. VE aims to achieve an unparalleled advancement towards media through music, sports and, with respect to the millennial generation, through technology.
Technology is an important part of our life especially in the last century more than ever. With benefits such as speed, accuracy, unlimited information and more, the internet has provided various means of communicating without delay nor difficulty. However, a level of consumer satisfaction has yet to be reached. Valiant Eagle, Inc. looks to fill this void.
With the technological infrastructure, individuals, organizations and government have created a huge platform which enables effective communication. As such, Valiant Eagle, Inc. features content on iPhone, Android phones, Tablets, and Computers. Evidently, traditional TV viewership will gradually decline due to the evolving media landscape. From statistical evidence, 2017 is the first year that the usage of digital video supersedes that of traditional TV. The replacing medium is smartphone and tablet devices, providing the audience with a truly discrete and satisfactory experience while downloading or streaming video.
The need for viewers to engage online and broadcast content for entertainment has proven and is still proving to be highly demanded by both individuals and groups.
Valiant Eagle, Inc. continues to be the handy solution, with access to set tools which allow viewers to get tuned in on topics such as Music, Sports and Entertainment in the most convenient and efficient way.
Contact:
info@valianteagle.net
Ir@valianteagle.net
www.valianteagle.ent
Phone: (747) 444 1542