Milwaukee Iron Arena (GREY:MWKI)

WEB NEWS

Saturday, April 10, 2010

Reverse Merger Activity
On February 2, 2010, Genesis Capital Corporation of Nevada, in part, completed the acquisition of the Milwaukee Iron, a member of the Arena Football One, a professional arena football league. Pursuant to the terms of an Agreement and Plan of Merger dated January 26, 2010, Milwaukee Iron merged with and into Genesis Capital Corporation of Nevada, with Genesis Capital Corporation of Nevada continuing as the surviving corporation in the Merger as the Milwaukee Iron will be a wholly-owned subsidiary of Genesis. The members of the Milwaukee Iron were issued a total of 29 million shares of Genesis’ common stock in exchange for their membership interest in the Milwaukee Iron. The Merger also required Genesis to take the actions necessary to change its name to Milwaukee Iron Arena Football Inc.


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