Thursday, February 16, 2006
NLL Commissioner Jim Jennings
Commissioner Jim Jennings
Chicago to become league's twelfth franchise as league expands in Midwest.

The National Lacrosse League announced it has awarded a franchise to the city of Chicago for the 2007 season. The Chicago team becomes the league's twelfth franchise, and will play its home games at the Sears Centre, a brand new, state-of-the-art, indoor arena in Hoffman Estates, a northwest suburb of Chicago.

"Chicago is a key market for us in the United States as the focal point of the Midwest. We are excited to be placing a franchise here and to have such a strong ownership group," said Commissioner Jim Jennings.

The ownership group will be headed by Kevin Loughery Jr, son of former NBA player and Chicago Bulls coach, Kevin Loughery Sr., who is also a minority partner in the franchise. Loughery Jr. will act as Governor for the Chicago NLL club. Loughery Jr. started his own asset management company, KLM Investments LLC, after spending 15 years in the financial marketplace, previously, working as a stockbroker with Bear Stearns, a currency trader for Thomas Cook, and as an investment banker. The ownership group will also consist of Donald Sallee, former CEO of Invesco Global Strategies and a founding partner of Invesco Capital Management Inc. Sallee has also acted as private investor in numerous and various business ventures. The final piece of the ownership group is Concept Entertainment Group LLC, a sports and entertainment asset development company and KLM holding, run by Doug Schaer. His practice in the sports industry spans over nine years as an agency owner, arbitration consultant, and marketer. Doug, who is a certified player agent with the MLBPA and a member of the California Bar, will have an integral strategic management role with the new franchise.

"On behalf of my family and partners, we are thrilled to be back in the city of Chicago as the newest member of the National Lacrosse League", said co-owner Kevin Loughery Jr. "For those of you who have not yet experienced the indoor lacrosse game, you don't know what you are missing! You will become hooked, just as we now are. By bringing a team to Chicago, we expect to continue to advance the growth of this wonderful sport not only in and around the city but in the entire Midwest."

"This is the best thing I've done for Chicago since drafting Michael Jordan in 1984", said Kevin Loughery Sr., on bringing the NLL to Chicago.

"Our goal is to join the other legendary franchises in Chicago sports, as evidenced by how we support and respect the sport of lacrosse, the community, the media as well as our players, coaches, employees and fans" said Schaer. "In addition, we fully intend to bring an exciting, entertaining and, most importantly, winning team to suburban Chicago in 2007 and beyond. The fans are going to love it!"

The Chicago NLL team has begun accepting deposits for season tickets for their inaugural 2007 season. A $25 deposit is all that is required at this time to ensure great seats to catch all the NLL action. The team also plans to conduct a name the team contest in the coming weeks. For more information visit the team's website at ChicagoNLL.com or call 866-4CHI-NLL.

About Concept Entertainment Group, LLC
Concept Entertainment Group is a sports and entertainment asset development company whose mission is to grow through minority acquisitions and/or creative affiliations with synergistic properties. This unique arrangement allows CEG unlimited access to these holdings so it can broker effective funding, marketing, production and operational solutions that help these investments interact to realize their full potentials. For more information visit www.conceptentgroup.com.

About KLM Invetments, LLC
KLM Investments is an Atlanta-based investment firm involved in all stages of financing, from early stage to later stage growth financings and buyouts. The firm has an unrivaled approach in this industry and through professionalism and hard work, is able to meet its established goals. KLM brings both operational experience and a desire to make strong investments for its clients. Included in KLM's diverse portfolio of holdings are the Blue Ridge Golf and River Club development in Blue Ridge, Georgia, 3D Pipeline Simulation Corp (a defense technology company), Hollywood-based film company Persistent Entertainment, as well as Concept Entertainment Group. For more information visit www.klminvest.com.

About the NLL
The National Lacrosse League ("NLL") is North America's professional indoor lacrosse league, featuring the best lacrosse players in the world. The League was formed in 1987 as the Major Indoor Lacrosse League, making this the NLL's 20th season. However, only the last four years have shown the exponential growth that the original founders hoped for. Today's NLL has eleven teams playing in the major markets of the United States and Canada. NLL teams each play a 16-game regular season schedule (eight home & eight away) that begins in December and runs through April, followed by the Champion's Cup Playoffs. All games are played on the weekends.

The NLL plays in the premier arenas of North America, including the Wachovia Center in Philadelphia, the Glendale Arena in Arizona, the Pepsi Center in Denver, and the Air Canada Centre in Toronto. For the 2005 regular season, the NLL averaged 10,252 fans per game, with its franchises in Toronto and Denver averaging over 16,000 fans per game. The average league attendance for the 2004 season was 10,089 per game. So far this season, average attendance is over 11,000 per night. The last 3 major NLL events, the 2005 All-Star Game, as well as the 2004 and 2005 Champion's Cup Final games were complete sellouts with over 19,000 fans attending. For more information visit www.nll.com.

About the Sears Centre
Sears Centre is an 11,000-seat multi-purpose family entertainment, cultural and sports center under construction in Hoffman Estates' Prairie Stone Business Park. Sears Centre will host more than 135 events each year, attracting more than 750,000 visitors annually. The arena will bring a significant boom to Hoffman Estates.

With first events anticipated in October of 2006, the Sears Centre Arena will play an important role in developing the quality of life in the surrounding communities because of the types of entertainment programs it is expected to showcase. The arena is designed to accommodate a variety of events including concerts, family shows, and sporting events. For more information visit www.searscentre.com.

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