USBL/ Shorepower Announces Company Name and Stock Symbol Change

USBL Formally Changes Name to Shorepower Technologies and Stock Ticker Becomes SPEV

DETROIT, MICHIGAN, USA, June 21, 2023/EINPresswire.com/ — United States Basketball League (Ticker USBL), following its merger with Shorepower Technologies, has successfully completed review by FINRA of its corporate action to change its name and stock symbol. United States Basketball League as of Friday, June 16th, will now be known as Shorepower Technologies Inc. and will trade under the symbol SPEV (Ticker SPEV). The Shorepower network represents one of the largest operators in North America, in aggregate, of Truck Stop electrification services as well as EV charging stations along major US commercial corridors. Currently, Shorepower operates over 1800 electrified parking spaces located in over 60 locations.

CEO and founder of Shorepower, Jeff Kim, said: “We are excited to have our name and stock symbol be representative of our core competency: transportation electrification and electric vehicle charging stations and related services. Since our inception in 2004, we have built out transportation electrification infrastructure based on our vision of the transition to electric vehicles, both passenger and commercial. It has arrived. We salute the Biden Administration and their commitment to developing the infrastructure required to enable the ubiquity of electric vehicles.” Kim added, “Being public and capitalized provides us the opportunity to upgrade and expand our footprint organically and through acquisitions. Our initial focus will be on bolstering our sales force and increasing our grant writing capabilities.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements in this press release pertaining to our expectations relating to this acquisition constitute forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, the accuracy of our estimates regarding expenses, capital requirements and need for additional financing, our ability to operate our business and generate profits, decline in global financial markets and economic downturn resulting from the coronavirus COVID-19 global pandemic, business interruptions resulting from the coronavirus COVID-19 global pandemic, and general risk factors affecting the restaurant industry, including current economic climate, costs of labor and energy prices

These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

For Investors:
Inflection Partners
Eric Dusansky
Eric@inflectionpartnersllc.com

Eric Dusansky
Inflection Partners
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