MAJOR INDOOR SOCCER LEAGUE
ANNOUNCES LAUNCH

NPSL dissolved; former team
operators make application for new League

(Westport, Conn., August 8, 2001) - Commissioner Steve Ryan announced the launch of the Major Indoor Soccer League (MISL) on Wednesday. The League will feature an integrated business structure and will operate as a limited liability company. The League is owned by a collection of individual team operators who each hold a financial stake in the single-entity.

The launch of the MISL comes on the heels of the decision by the National Professional Soccer League's Board of Directors to dissolve the company due to an economic structure that prevented the 17-year old league from being financially viable.

The MISL has established the opportunity for founding members to invest in the League and apply to be a team operator up to October 1, 2001.

"We believe the new MISL provides the best opportunity for professional indoor soccer across North America," Ryan stated. "We are currently engaged in several conversations that we believe could elevate the game to a status never before achieved by any of the previous indoor soccer leagues. We have a lot of work ahead of us between now and the founding member deadline, but we are confident in our direction."

The owners of eight former member clubs of the dissolved NPSL have indicated that they will invest in the MISL and obtain rights to operate League teams. MISL expects that Baltimore, Cleveland, Harrisburg, Kansas City, Milwaukee, and Philadelphia will participate in the upcoming 2001-02 season. The owners of Detroit and Toronto will also invest in the League and will participate in the 2002-03 season as the member clubs work toward meeting the specific business and marketing criteria set forth by the Commissioner. The operators of all eight teams plan to participate in the MISL Management Committee during the 2001-02 campaign.

"The MISL has a high set of business and operating standards that must be met by member clubs," Ryan stated. "We now have a strong foundation of teams from which we can move forward, build, and grow. The investor group is extremely committed to the direction of the League."

Ryan, the former President and COO of NHL Enterprises, will serve as the League's Commissioner. During his tenure as the Chief Executive Officer of the NPSL, Ryan was responsible for the re-location of the League offices to the New York City area while building alliances with prestigious sports marketing and public relations companies.

"We began building the foundation for growth last year and are now ready to make a giant leap forward," Ryan stated. "The restructuring of our business and the repositioning of our brand are necessary for the future growth of our sport. The economic structure of the NPSL, as it has existed for the past several years, produced unsustainable losses and was not a platform to support a plan for growth. Under the new business model, we will be better prepared to manage and market our product, attract new capital investors, obtain cost certainty, and expand our geographic reach. In fact, we are already in conversations with interested parties about establishing MISL teams in new markets."

The new league is branded with the familiar name of MISL, a moniker adopted by the first professional indoor circuit in North America. The original MISL operated from 1978 to 1992 with 32 different teams located in 26 cities across the United States. By introducing a fast-paced, high scoring product, combined with cutting-edge marketing and promotions, the MISL enjoyed considerable success on the North American sports landscape.

"The name Major Indoor Soccer League better describes who we are; it truly defines our product," said Ryan. "Additionally, the original MISL was an innovative, pioneering league and its name signifies tradition and history in our sport. We're proud to reintroduce the name to soccer fans across North America."

The MISL has been advised on the League's launch by Boston-based Game Plan, LLC and Cleveland-based Baker & Hostetler, LLP.