DEERFIELD BEACH, Fla., Oct. 16, 2014 (GLOBE NEWSWIRE) -- via PRWEB - On September 23, 2013, Oxford City Football Club, Inc. (OTCQB:OXFC) entered into an equity purchase agreement with Tarpon Bay Partners LLC, a Florida limited liability company ("Tarpon"), whereby Tarpon will purchase up to $15,000,000 of the Company's common stock, to be registered in a Form S-1 registration statement. Our ability to access the full $15,000,000 of the financing, however, is subject to a number of factors including our share volume traded in the market, our stock price per share and the outstanding shares held by Tarpon. As a result, we may not be able to access the entire $15,000,000 of financing.
CEO Thomas Anthony Guerriero said, "This is a very exciting time in the history of Oxford City and Tarpon Bay Partners financial commitment is a testament to our vision for the future of Oxford City."
The entire 8K filing can be found at:
https://www.sec.gov/Archives/edgar/data/1414295/000125529414001025/0001255294-14-001025-index.htm
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 has 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. Oxford City now owns the MASL team The Texas Strikers in Beaumont, Texas. Becoming part of the MASL will leverage the Oxford City sports portfolio to maximize its sponsorship and advertising opportunities to a global level. Oxford City now owns a total of 7 professional sports teams around the world.
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 online globally. 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.
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.
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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