AWBL, a subsidiary of Godfather Media, Inc., announces 2nd acquisition agreement for Territory
MISSION VIEJO, Calif., May 30, 2012 /PRNewswire/ — Godfather Media, Inc. (OTC: GFMD) is pleased to announce the signing of an acquisition agreement between its subsidiary American West Baseball League (AWBL) and James Hoynes for the San Diego, California Territory.
James Hoynes spent a career as an artillery and logistics officer in the United States Marine Corps. He served in various leadership assignments and deployed throughout the globe including Operation Restore Hope in Somalia and Operation Iraqi Freedom in Iraq for 20 months. Following his military career James worked for Lockheed Martin as the Logistics Modernization Coordinator for the Marine Corps’ west coast logistics command at Camp Pendleton, California.
Mr. Hoynes grew up in Winnetka, Illinois just north of Chicago often riding the El down to Wrigley Field to cheer on the Cubs. He attended Ripon College in Wisconsin graduating with a bachelor’s degree in Economics. He also has a master’s degree in Executive Leadership from the business school at the University of San Diego.
James’ personal and professional passion is minor league baseball. His desire is to bring a professional minor league baseball franchise to San Diego County to provide safe, affordable, family entertainment for all to enjoy.
Mr. Hoynes commented, “I am very excited to have this opportunity to bring a baseball franchise to San Diego County. The new American West Baseball League is sure to provide a great baseball entertainment venue for residents of all ages.”
“The agreement between GFMD’s subsidiary AWBL and Mr. Hoynes is another great addition to our league and new business strategy, our goal is to continue to grow rapidly through strategic territories, such as the San Diego, California. With this 4th addition, we’ve achieved a significant milestone and I look forward to our continued success,” stated Michael Cummings, Godfather Media’s Chief Executive Officer. “In addition, the synergies and partnership will play a significant role in Godfather Media’s growth while the expansion of American West Baseball League will enhance our ability to be one of the top rated minor baseball leagues on the West Coast.”
The American West Baseball League Founding Members are:
Orange County Flyers, Yuma Panthers, Long Beach-South Bay and San Diego
About Godfather Media, Inc.
Godfather Media, Inc is an American holding company headquartered in Mission Viejo, California, United States, that will take ownership with minor or 100% interest in a number of subsidiary companies. Godfather Media’s (“GFMD”) portfolio will be comprised primarily of long-term investments in small to medium market companies using cash, preferred/common stock and other equity interests. Our targeted investment will typically range between $500 thousand and $5 million, although this investment size may vary proportionately as the size of our capital base changes.
The Company’s principal focus is to invest in growth opportunities in sports, entertainment, and mobile and social media industries. Godfather Media generally seeks to target companies that generate free cash flow, have experienced management teams and possess strong competitive positions within their respective industries.
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FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Mobile and Social Media industry; the positioning of Godfather Media in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Godfather Media can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
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