FWBL Suspends Operations

MIAMI, FL - The Florida Winter Baseball League (FWBL) is suspending play for the remainder of the 2009 – 2010 season. Although the inaugural season was shortened, the FWBL will continue on with its mission to provide the only US-based winter baseball alternative for professional baseball players.

Being a first year league, the organization was built from a simple idea into reality, and though we are ending the inaugural season prematurely, we now see the commitment and organization needed by our staff in order to be successful long term. We acknowledge that start-up growing pains are real and sometimes overwhelming, but that has only strengthened our resolve. We will be recapitalizing the Company to better accommodate the financial requirements to operate the league more effectively in the future.

We thank our management company, the Global Scouting Bureau, for its organization, work ethic, and overall professionalism and look forward to restructuring our agreement with them for the future endeavors of the FWBL organization.

Some of the positives we displayed included a brand of baseball not seen in many years. Specifically, we had affiliated and independent players playing together with affiliated managers leading the way. The baseball scouting community took notice as well, and this was evidenced with viewership of our online broadcasting of games as well as the number of manager reports being reviewed.

In the coming weeks, we are ensuring that we do not leave anyone unaddressed, as all obligations of the Company have been or will be met, including those to our employees, players, season ticket holders and our corporate sponsors.

We are deeply saddened that we are unable to complete the inaugural season and regret the inconvenience we may have caused.

On behalf of the Florida Winter Baseball League,

Mickey Filippucci
President and CEO