WASHINGTON, DC, July 11, 2014 (GLOBE NEWSWIRE) -- via PRWEB - CIT University A Division of Oxford City Football Club, Inc. (OTCQB:OXFC) is a global leader in education, research, and testing. CIT University and Z-Square Technology, LLC. today announced that they have entered into an international joint venture to provide world class educational testing and proprietary technology globally to government agencies.
Z-Square Technology's CEO & President Syed Gilani stated, "Z-Square Technology's joint venture with CIT University is part of our efforts to expand the outreach of our knowledge based products and solutions across the world. This venture will bring significant value to both companies and shows our commitment for introducing cutting-edge smart and safe cities technologies".
The CEO of Oxford City Thomas Anthony Guerriero stated, "This joint venture is tremendous for CIT University and our parent company Oxford City Football Club, Inc. (OTCQB:OXFC) for it shows that we are a world leader in education, testing, and developing proprietary technology."
About CIT University
http://www.CITUniversity.org
CIT University A Division of Oxford City Football Club, Inc. (OTCQB:OXFC) is a global leader in education, research, and testing. CIT University is a university that provides men and women the opportunity to earn their master's degree in sports management and practically apply their knowledge and ideas in professional sports. CIT is a division of parent company Oxford City Football Club, Inc (OTCQB:OXFC). Our degree programs give students the opportunity to challenge both their minds and their passions for sports, while preparing them for a fast-paced and rewarding career.
CIT University's proprietary technology and curriculum are designed by Ivy League scholars and developers providing a state of the art educational platform and is unique to any ever seen. CIT University has officially secured their brick and mortar campus in South Florida in the city of Lakeworth. CIT is expecting 10,000 students to enroll in their degree programs, which go live in September 2014 at $9,900 per student, which is one of the most affordable degrees in the world.
About Oxford City FC (OXFC)
Oxford City is a diversified holding company, which controls five portfolios.
The First Portfolio (OXFC Sports Portfolio)
The OXFC Sports Portfolio have a controlling interest is the largest publicly traded diversified portfolio of professional sports teams in the world. Oxford City's portfolio contains a 132-year-old professional football club Oxford City FC, which plays in the Conference North Division of the English Football Association. They also own Oxford City Nomads, which plays in the Hellenic League Premier Division of the English Football Association. Oxford City owns Oxford City Futsal, which plays at the highest level of Futsal in England and has one of the best teams in the UK. The company has also acquired Oxford City Basketball, which plays their games in the EBL, English Basketball League. Most recently, Oxford City acquired two professional indoor soccer teams within the U.S., expanding the company's reach to Sioux Falls, South Dakota and South Florida. Becoming part of the MASL will leverage the Oxford City sports portfolio to maximize its sponsorship and advertising opportunities to a global level.
The Second Portfolio (OXFC Academic Portfolio)
The OXFC Academic Portfolio owns a diversified portfolio of academic institutions. OXFC owns Oxford City Sports College in Oxford and CIT University in the United States, which expects to have its first brick and mortar campus in the United States in South Florida in the near future to strategically put the University in a tremendous position for the future. CIT University's curriculum is designed by Ivy League scholars and developers providing a state of the art educational platform and is unique to any ever seen.
The Third Portfolio (OXFC Media & Entertainment Portfolio)
The OXFC Media & Entertainment Portfolio owns a diversified portfolio of media & entertainment companies. OXFC owns Oxford City Broadcasting Network (http://www.oxfordcitybroadcasting.com), which is broadcasted on 740AM in Florida that reaches from Miami, Florida to Jupiter, Florida. OXFC has acquired 1882.tv, which will become the global television platform for the company and their interests. Oxford City's 24 hour television programming which will broadcasted around the world will feature the live radio show "The Oxford City Financial Report", cover all of Oxford City's professional sports teams, and provide continuous programming.
The Fourth Portfolio (OXFC Real Estate & Property Management Portfolio)
The OXFC Real Estate & Property Management Portfolio controls a diversified portfolio of real estate including Oxford City Stadium, Oxford City Indoor Arena, and the Oxford City 3G Training Facility. OXFC benefits from these facilities both in usage and in rental income.
The Fifth Portfolio (OXFC Mergers & Acquisitions Portfolio)
The Mergers and Acquisitions Portfolio consists of the most experienced value specialists who implement proprietary methodology to identify and acquire equity positions in private and public companies with unlimited growth potential to bring tremendous synergies and value to Oxford City.
About Z-Square Technology
Z-Square Technology is a leading security technology management systems provider. Enabling organizations to better develop their electronic products and integrate different hardware and software in a faster and more cost-effective manner. Z-Square Technology provides complete consultancy, software and hardware development through already tested processes and hardware integration, while at the same time offering customized solution development support for unique performance in a competitive market.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the Company's actual results to differ materially those indicated in the forward-looking statements. Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be losses or business interruption. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstance change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable laws. The definitive agreement associated with this acquisition has not been signed and is subject to a shareholder vote.
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