WILMINGTON, Del.--(BUSINESS WIRE)--TFN, The Football Network, Inc. (Pink Sheets: TFNK) president Jantonio Turner has completed a reorganization revitalization plan to resurrect the company he founded. “Since the end of 1997, I have been working diligently to reposition the company. TFNK will evolve capitalizing on different moneymaking opportunities,” commented Turner.
Founded by Turner in 1996, TFNK was the first attempt at creating a national cable television network totally dedicated to football. “When I came up with the idea in 1996, I had no idea what I was in for. Through the assistance of many, I was able to see my dream come to life over the next years. When I first contacted the NFL, Val Pinchbeck who was then the head of television said to me that people laughed at Bill Rasmussen when he first talked about his project, ESPN, and look at how well it had done.”
TFNK hired Golf Channel's consultants, created two national television series for SpikeTV, specials for USA Network, radio network, and with help from the State of Louisiana launched its national television network. Turner added, “TFNK fell victim to investment bankers' broken financial commitments and a market showing signs of weakness which would later collapse. TFNK also succumbed to extraordinarily high expectations resulting in management ramping up before all the financing was completely secured.
“I never stopped believing this company could be salvaged/turned around. We have a new website to be released shortly, new advertiser relationships, funding opportunities, and new consulting. If you have a goal and continue to make small steps towards it each day, you will, by definition eventually make it there,” concluded Turner.
TFN, The Football Network, which has stock with the symbol TFNK that can be publicly traded, is an entertainment based company.
Statements about the Company's future expectations, including future revenue/earnings, all other statements in this press release other than historical facts are “forward-looking statements” within meaning of Section 27A of Securities Act of 1933, Section 21E of Securities Exchange Act of 1934, and as term is defined in Private Securities Litigation Reform Act of 1995. The company intends such forward-looking statements involve risks uncertainties, are subject to change at any time, the Company's actual results could differ materially from expected results.