**FORM      10-Q**

| x | QUARTERLY                  REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT                  OF                  1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION                  REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE                  ACT |
|--------|---------------------------------------------------------------------------------------------------|

**UNITED      STATES BASKETBALL LEAGUE, INC.**

| Delaware                                       |   | 06-1120072                            |
|------------------------------------------------|--------|---------------------------------------|
| (State                or Other Jurisdiction of |   | (I.R.S.                Employer       |
| Incorporation                or Organization)  |   | Identification                Number) |

----

| Large                accelerated filer  ̈                | Accelerated                filer  ̈    |
|--------------------------------------------------------------|--------------------------------------------|
|                                                         |                                       |
| Non-accelerated                filer  ̈                  | Smaller                reporting company x |
| (Do                not check if a smaller reporting company) |                                       |

----

**UNITED      STATES BASKETBALL LEAGUE, INC.**

**INDEX**

|                                    |                                                                                                                                           |   | PAGE   |
|-----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                                    |                                                                                                                                           |   |   |
| **PART                I.**              | **FINANCIAL                INFORMATION**                                                                                                       |   | 1      |
|                                    |                                                                                                                                           |   |   |
| Item                1.                  | UNAUDITED                  FINANCIAL STATEMENTS                                                                                                |   |   |
|                                    |                                                                                                                                           |   |   |
|                                    | Consolidated                Balance Sheets – August 31, 2008 and February 29, 2008                                                       |   | 1      |
|                                    |                                                                                                                                           |   |   |
|                                    | Consolidated                Statements of Operations for the three and six months Ended August                31,                2008 and 2007 |   | 2      |
|                                    |                                                                                                                                           |   |   |
|                                    | Consolidated                Statement of Stockholders’ Deficiency                                                                        |   | 3      |
|                                    |                                                                                                                                           |   |   |
|                                    | Consolidated                Statements of Cash Flows for the six months ended August 31, 2008                and 2007                          |   | 4      |
|                                    |                                                                                                                                           |   |   |
|                                    | Notes                to Consolidated Financial Statements                                                                                      |   | 5      |
|                                    |                                                                                                                                           |   |   |
| Item                2.                  | Management’s                Discussion and Analysis of Financial Condition and Results of                Operation                       |   | 10     |
|                                    |                                                                                                                                           |   |   |
| Item                3.                  | Quantitative                and Qualitative Disclosures About Market Risk                                                                      |   | 12     |
|                                    |                                                                                                                                           |   |   |
| Item                4T.                 | Controls                and Procedures                                                                                                         |   | 12     |
|                                    |                                                                                                                                           |   |   |
| **PART                II.**   | **OTHER                INFORMATION**                                                                                                           |   | 12     |
|                                    |                                                                                                                                           |   |   |
| Item                1.                  | Legal                Proceedings                                                                                                               |   | 12     |
|                                    |                                                                                                                                           |   |   |
| Item                5.                  | Other                Information                                                                                                               |   | 12     |
|                                    |                                                                                                                                           |   |   |
| Item                6.                  | Exhibits                                                                                                                                       |   | 13     |

----

**PART      I**

**FINANCIAL      INFORMATION**

| **ITEM              1.** | **CONSOLIDATED                FINANCIAL STATEMENTS.** |
|--------------------------|-------------------------------------------------------|

|                                                                                                                                                         |   | August 31,2008 |       | February 29,2008 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|------------|-----------------------|--------|
|                                                                                                                                                         |   | (Unaudited)         |       |                  |   |
| ASSETS                                                                                                                                                       |   |                |       |                  |   |
|                                                                                                                                                         |   |                |       |                  |   |
| CURRENT                ASSETS:                                                                                                                               |   |                |       |                  |   |
| Cash                and cash equivalents                                                                                                                     |   | $                   | 79,847     |                  | $      | 17,975 |   |
| Marketable                equity securities                                                                                                                  |   |                | 67,173     |                  |   | 3,642 |   |
| Inventory                                                                                                                                                    |   |                | 5,000      |                  |   | 5,000 |   |
| Due                from related parties                                                                                                                      |   |                | 32,390     |                  |   | 28,895 |   |
| Total                current assets                                                                                                                          |   |                | 184,410    |                  |   | 55,512 |   |
|                                                                                                                                                         |   |                |       |                  |   |   |   |
| PROPERTY,                NET                                                                                                                                 |   |                | 249,790    |                  |   | 252,386 |   |
| Total                assets                                                                                                                                  |   | $                   | 434,200    |                  | $      | 307,898 |   |
|                                                                                                                                                         |   |                |       |                  |   |   |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY                                                                                                |   |                |       |                  |   |   |   |
|                                                                                                                                                         |   |                |       |                  |   |   |   |
| CURRENT                LIABILITIES:                                                                                                                          |   |                |       |                  |   |   |   |
| Accounts                payable and accrued expenses                                                                                                         |   | $                   | 200,486    |                  | $      | 73,375 |   |
| Credit                card obligations                                                                                                                       |   |                | 111,641    |                  |   | 96,688 |   |
| Due                to related parties                                                                                                                        |   |                | 1,079,922  |                  |   | 994,604 |   |
| Current                portion of mortgage payable                                                                                                           |   |                | 69,566     |                  |   | 74,245 |   |
|                                                                                                                                                         |   |                |       |                  |   |   |   |
| Total                current liabilities                                                                                                                     |   |                | 1,461,615  |                  |   | 1,238,912 |   |
| Due                to related parties, net of current portion                                                                                                |   |                | 50,000     |                  |   | 50,000 |   |
| Total                Liabilities                                                                                                                             |   |                | 1,511,615  |                  |   | 1,1288,912 |   |
|                                                                                                                                                         |   |                |       |                  |   |   |   |
| STOCKHOLDERS’                DEFICIENCY                                                                                                                |   |                |       |                  |   |   |   |
| Common                stock, $0.01 par value; 30,000,000shares authorized; issued and                outstanding3,522,502 and 3,522,502, shares respectively |   |                | 35,225     |                  |   | 35,225 |   |
| Preferred                stock, $0.01 par value; 2,000,000shares authorized; 1,105,679 shares                issued and outstanding                          |   |                | 11,057     |                  |   | 11,057 |   |
| Additional                paid-in-capital                                                                                                                    |   |                | 2,668,155  |                  |   | 2,668,155 |   |
| Deficit                                                                                                                                                      |   |                | (3,749,398 | )                     |   | (3,652,997 | ) |
| Treasury                stock, at cost; 39,975 shares                                                                                                        |   |                | (42,454    | )                     |   | (42,454 | ) |
| Total                stockholders’ deficiency                                                                                                          |   |                | (1,077,415 | )                     |   | (981,014 | ) |
|                                                                                                                                                         |   |                |       |                  |   |   |   |
| Total                liabilities and stockholders’ deficiency                                                                                          |   | $                   | 434,200    |                  | $      | 307,898 |   |

----

|                                                                               |   | Three Months Ended |      | Six Months Ended |   |
|------------------------------------------------------------------------------------|--------|------------------------------|-----------|----------------------------|--------|
|                                                                               |   | August 31, 2008    |      | August 31,2007        |   | August 31, 2008 |   | August 31,2007 |   |
|                                                                               |   |                         |      |                       |   |   |   |   |   |
| REVENUES:                                                                          |   |                         |      |                       |   |   |   |   |   |
| Initial                franchise fees                                              |   | $                            | -         |                       | $      | - |   | $ | - |   | $ | - |   |
| Continuing                franchise fees                                           |   |                         | 10,000    |                       |   | 30,000 |   |   | 20,000 |   |   | 85,000 |   |
| Sponsorship/advertising                                                            |   |                         | -         |                       |   | - |   |   | - |   |   | 45,000 |   |
| Other                                                                              |   |                         | 11,000    |                       |   | 16,581 |   |   | 22,000 |   |   | 33,123 |   |
|                                                                               |   |                         | 21,000    |                       |   | 46,581 |   |   | 42,000 |   |   | 163,123 |   |
|                                                                               |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| OPERATING                EXPENSES:                                                 |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| Consulting                                                                         |   |                         | 4,500     |                       |   | 30,000 |   |   | 4,500 |   |   | 78,500 |   |
| Referee                fees                                                        |   |                         | -         |                       |   | 8,600 |   |   | - |   |   | 20,200 |   |
| Salaries                                                                           |   |                         | 14,700    |                       |   | 14,950 |   |   | 29,400 |   |   | 29,900 |   |
| Travel                and promotion                                                |   |                         | 9,827     |                       |   | (2,394 | ) |   | 21,222 |   |   | 3,378 |   |
| Depreciation                                                                       |   |                         | 1,298     |                       |   | 1,298 |   |   | 2,596 |   |   | 2,596 |   |
| Other                                                                              |   |                         | 45,903    |                       |   | 20,737 |   |   | 76,215 |   |   | 48,358 |   |
|                                                                               |   |                         | 76,228    |                       |   | 73,191 |   |   | 133,933 |   |   | 182,932 |   |
|                                                                               |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| Income                (loss) from operations                                       |   |                         | (55,228   | )                          |   | (26,610 | ) |   | (91,933 | ) |   | (19,809 | ) |
|                                                                               |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| OTHER                INCOME (EXPENSES):                                            |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| Net                gain (loss) from marketable equity securities                   |   |                         | 13,291    |                       |   | (846 | ) |   | 13,291 |   |   | (1,021 | ) |
| Interest                expense                                                    |   |                         | (8,527    | )                          |   | (7,368 | ) |   | (17,831 | ) |   | (12,935 | ) |
| Interest                income                                                     |   |                         | 70        |                       |   | 2 |   |   | 72 |   |   | 14 |   |
|                                                                               |   |                         | 4,834     |                       |   | (8,212 | ) |   | (4,468 | ) |   | (13,942 | ) |
|                                                                               |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| NET                INCOME (LOSS)                                                   |   | $                            | (50,394   | )                          | $      | (34,822 | ) | $ | (96,401 | ) | $ | (33,751 | ) |
|                                                                               |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| Earnings                (loss) per common share:                                   |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| Basic                                                                              |   | $                            | (.01      | )                          | $      | (.01 | ) | $ | (.03 | ) |   | (.01 | ) |
| Diluted                                                                            |   | $                            | (.01      | )                          | $      | (.01 | ) | $ | (.03 | ) |   | (.01 | ) |
| WEIGHTED                AVERAGE NUMBER OF COMMON                SHARES OUTSTANDING |   |                         |      |                       |   |   |   |   |   |   |   |   |   |
| Basic                                                                              |   |                         | 3,482,527 |                       |   | 3,482,527 |   |   | 3,482,527 |   |   | 3,482,527 |   |
| Diluted                                                                            |   |                         | 4,588,206 |                       |   | 4,588,206 |   |   | 4,588,206 |   |   | 4,588,206 |   |

----

**(Unaudited)**

|                                     |   | Common Stock |      | Preferred Stock |   | Additional  |   |   |      |         |   | Total   |   |
|------------------------------------------|--------|-------------------|-----------|----------------------|--------|-------------|--------|--------|-----------|--------------|--------|---------|--------|
|                                     |   | Shares            |      |                 |   | Shares      |   |   |      | Paid-in      |   |    |   | Treasury |   | Stockholders’ |   |
|                                     |   | Outstanding       |      | Amount               |   | Outstanding |   | Amount |      | Capital      |   | Deficit |   | Stock |   | Deficiency |   |
|                                     |   |              |      |                 |   |        |   |   |      |         |   |    |   |   |   |   |   |
| Balance February 29, 2008 |   |              | 3,522,502 |                 | $      | 35,225      |   |   | 1,105,679 |    | $      | 11,057  |   | $ | 2,668,155 |   | $ | (3,652,997 | )  | $ | (42,454 | )  | $ | (981,014 | ) |
| Net                Income (loss)         |   |              |      |                 |   | -           |   |   | -         |         |   | -       |   |   |    |   |   | (46,007 | ) |   |   |   |   | (46,007 | ) |
|                                     |   |              |      |                 |   |        |   |   |      |         |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                May 31, 2008      |   |              | 3,522,502 |                 | $      | 35,225      |   |   | 1,105,679 |         | $      | 11,057  |   | $ | 2,668,155 |   | $ | (3,699,004 | ) | $ | (42,454 | ) | $ | (1,027,021 | ) |
|                                     |   |              |      |                 |   |        |   |   |      |         |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss                  |   |              | -         |                 |   | -           |   |   | -         |         |   | -       |   |   | - |   |   | (50,394 | ) |   | - |   |   | (50,394 | ) |
|                                     |   |              |      |                 |   |        |   |   |      |         |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                August 31, 2008   |   |              | 3,522,502 |                 | $      | 35,225      |   |   | 1,105,679 |         | $      | 11,057  |   | $ | 2,668,155 |   | $ | (3,749,398 | ) | $ | (42,454 | ) | $ | (1,077,415 | ) |

----

|                                                                                                                            |   | Six Months Ended |    |
|---------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|---------|
|                                                                                                                            |   | August 31,2008        |    | August 31,2007 |   |
|                                                                                                                            |   |                       |    |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                                            |   |                       |    |   |   |
| Net                Income (loss)                                                                                                |   | $                          | (96,401 | ) | $ | (33,751 | ) |
| Adjustments                to reconcile net income(loss) to net cash (used in) provided by operating                activities: |   |                       |    |   |   |   |   |
| Depreciation                                                                                                                    |   |                       | 2,596   |   |   | 2,596 |   |
| Change                in operating assets and liabilities:                                                                      |   |                       |    |   |   |   |   |
| Marketable                equity securities                                                                                     |   |                       | (63,531 | ) |   | (1,886 | ) |
| Accounts                payable and accrued expenses                                                                            |   |                       | 127,111 |   |   | (7,496 | ) |
| Credit                card obligations                                                                                          |   |                       | 14,953  |   |   | 4,870 |   |
|                                                                                                                            |   |                       | 81,129  |   |   | (151,916 | ) |
| Net                cash (used in) provided by operating activities                                                              |   |                       | (15,272 | ) |   | (185,667 | ) |
|                                                                                                                            |   |                       |    |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                                                                            |   |                       |    |   |   |   |   |
| Loans                from (Repayments to) related parties                                                                       |   |                       | 81,823  |   |   | 188,088 |   |
| Decrease                in mortgage payable                                                                                     |   |                       | (4,679  | ) |   | (5,269 | ) |
|                                                                                                                            |   |                       |    |   |   |   |   |
| Net                cash provided by financing activities                                                                        |   |                       | 77,144  |   |   | 182,819 |   |
|                                                                                                                            |   |                       |    |   |   |   |   |
| NET                INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS                                                              |   |                       | 61,872  |   |   | (2,848 | ) |
|                                                                                                                            |   |                       |    |   |   |   |   |
| CASH                AND CASH EQUIVALENTS, beginning of period                                                                   |   |                       | 17,975  |   |   | 4,061 |   |
|                                                                                                                            |   |                       |    |   |   |   |   |
| CASH                AND CASH EQUIVALENTS, end of period                                                                         |   | $                          | 79,847  |   | $ | 1,213 |   |
| SUPPLEMENTAL                DISCLOSURES OF CASH FLOW INFORMATION:                                                               |   |                       |    |   |   |   |   |
| Interest                paid                                                                                                    |   | $                          | 12,930  |   | $ | 11,247 |   |
| Income                tax paid                                                                                                  |   | $                          | -       |   | $ | - |   |

----

| **1.** | **Description                of Business and Basis of Presentation**: |
|--------|-----------------------------------------------------------------------|

| **2.** | **Summary                of Significant Accounting Policies**: |
|--------|----------------------------------------------------------------|

***Principles      of consolidation***

***Fair      value disclosures –***

***Cash      and cash equivalents -***

----

***Marketable      equity securities ***
*–      *

***Inventory      -***

***Depreciation      expense -***

***Revenue      recognition -***

***Income      taxes***

***Estimates ***

***Advertising      costs***

----

***Stock-based      compensation***

***Earnings      (loss) per share***
**      - **
*.*

***Comprehensive      income***

***Referee      fees***

| **3.** | **Due                from Related Parties –** |
|--------|-----------------------------------------------------|

|   | Due                from related parties consist of: |
|--------|-----------------------------------------------------|

|                                                                                                                                                                    |   | August 31, |   | February 29, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|--------|-------------------|--------|
|                                                                                                                                                                    |   | 2008            |   | 2008              |   |
|                                                                                                                                                                    |   | (unaudited)     |   |              |   |
|                                                                                                                                                                    |   |            |   |              |   |
| Due                  from Meisenheimer Capital, Inc. (“MCI”),controlling stockholder of USBL,                  non-interest bearing, due on demand          |   | $               | 30,390 |              | $      | 26,895 |   |
|                                                                                                                                                                    |   |            |   |              |   |   |   |
| Due                  from Synercom (“Synercom”), a corporation controlled by the two officers                  of USBL, non-interest bearing, due on demand |   |            | 2,000  |              |   | 2,000 |   |
|                                                                                                                                                                    |   |            |   |              |   |   |   |
| Total                                                                                                                                                                   |   | $               | 32,390 |              | $      | 28,895 |   |

| **4.** | **Property,                Net** |
|--------|----------------------------------|

|                                    |   | August 31, |    | February 29, |   |
|-----------------------------------------|--------|-----------------|---------|-------------------|--------|
|                                    |   | 2008            |    | 2008              |   |
|                                    |   | (unaudited)     |    |              |   |
|                                    |   |            |    |              |   |
| Land                                    |   | $               | 121,253 |              | $      | 121,253 |   |
| Building                                |   |            | 155,747 |              |   | 155,747 |   |
| Total                                   |   |            | 277,000 |              |   | 277,000 |   |
|                                    |   |            |    |              |   |   |   |
| Accumulated                depreciation |   |            | (27,210 | )                 |   | (24,614 | ) |
|                                    |   |            |    |              |   |   |   |
| Property,                net            |   | $               | 249,790 |              | $      | 252,386 |   |

----

| **5.** | **Credit                Card Obligations** |
|--------|--------------------------------------------|

| **6.** | **Due                to Related Parties** |
|--------|-------------------------------------------|

|                                                                                                                                                                                                       |   | August 31,2008 |       | February 29,2008 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|------------|-----------------------|--------|
|                                                                                                                                                                                                       |   | (Unaudited)         |       |                  |   |
| USBL                loans payable to Spectrum Associates, Inc. (“Spectrum”), a corporation                controlled by the two officers of USBL, interest at 6%, due on                demand |   | $                   | 612,420    |                  | $      | 553,919 |   |
| USBL                loans payable to the two officers of USBL interest at 6%, due on                demand                                                                                                 |   |                | 327,502    |                  |   | 300,685 |   |
| MCREH                note payable to the two officers of USBL, interest at 6%, due December                31,                2011                                                                         |   |                | 50,000     |                  |   | 50,000 |   |
| MCREH                note payable to Spectrum, interest at 7%, due on demand, secured                by MCREH                property                                                                      |   |                | 25,000     |                  |   | 25,000 |   |
| MCREH                note payable to president of USBL, interest at 7%, due on demand,                secured                by MCREH property                                                             |   |                | 45,000     |                  |   | 45,000 |   |
| MCREH                note payable to the two officers of USBL, interest of 7%, due on                demand,                secured by MCREH property                                                      |   |                | 70,000     |                  |   | 70,000 |   |
| Total                                                                                                                                                                                                      |   |                | 1,129,922  |                  |   | 1,044,604 |   |
| Less                current portion                                                                                                                                                                        |   |                | (1,079,922 | )                     |   | (994,604 | ) |
| Noncurrent                portion                                                                                                                                                                          |   | $                   | 50,000     |                  | $      | 50,000 |   |

----

| **7.** | **Mortgage                Payable** |
|--------|-------------------------------------|

| **8.** | **Stockholders’                Equity** |
|--------|-----------------------------------------------|

| **9.** | **Related                Party Transactions** |
|--------|-----------------------------------------------|

| **10.** | **Commitment                and Contingencies** |
|---------|-------------------------------------------------|

----

| **ITEM              2.** | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS.** |
|--------------------------|--------------------------------------------------------------------------------------------------------------------------------|

----

----

| **ITEM              3.** | **QUANTITATIVE                AND QUALITATIVE DISCLOSURES ABOUT MARKET                RISK.** |
|--------------------------|-----------------------------------------------------------------------------------------------|

| **ITEM              4T.** | **CONTROLS                AND PROCEDURES.**** ** |
|---------------------------|-------------------------------------------------------|

**PART      II**

**OTHER      INFORMATION**

| **Item              1.** | **Legal                Proceedings.** |
|--------------------------|---------------------------------------|

| **Item              5.** | **Other                Information.** |
|--------------------------|---------------------------------------|

----

| **Item              6.** | **Exhibits.** |
|--------------------------|---------------|

| *3(i)   | Certificate                of Incorporation (May 29, 1984)                                                                                                         |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                               |
| *3(i)a  | Amended                Certificate of Incorporation (Sept. 4, 1984)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)b  | Amended                Certificate of Incorporation (March 5, 1986)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)c  | Amended                Certificate of Incorporation (Feb. 19, 1987)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)d  | Amended                Certificate of Incorporation (June 30, 1995)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)e  | Amended                Certificate of Incorporation (January 12, 1996)                                                                                             |
|    |                                                                                                                                                               |
| *3(i)f  | Certificate                of Renewal (June 23, 1995)                                                                                                              |
|    |                                                                                                                                                               |
| *3(i)g  | Certificate                of Renewal (May 22, 2000)                                                                                                               |
|    |                                                                                                                                                               |
| *3(ii)a | By-Laws                of USBL                                                                                                                                     |
|    |                                                                                                                                                               |
| *3(ii)b | Amended                By-Laws                                                                                                                                     |
|    |                                                                                                                                                               |
| +10.2   | Standard                Franchise Agreement of USBL                                                                                                                |
|    |                                                                                                                                                               |
| 31.1    | Certification                of President (principal executive officer)                                                                                            |
|    |                                                                                                                                                               |
| 31.2    | Certification                of Chief Financial Officer (principal financial                officer)                                                               |
|    |                                                                                                                                                               |
| 32      | Certification                pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 |

----

*****

**+**

----

**SIGNATURES**

|                                 | UNITED                STATES BASKETBALL LEAGUE, INC. |
|--------------------------------------|------------------------------------------------------|
|                                 |                                                 |
|                                 |                                                 |
|                                 | By:                                                  |                  /s/ Daniel T. Meisenheimer III |
|                                 |                                                 |  Daniel                T. Meisenheimer III |
|                                 |                                                 |  Chairman                and President |
|                                 |                                                 |   |
|                                 | By:                                                  |                  /s/ Richard C. Meisenheimer |
|                                 |                                                 |  Richard                C. Meisenheimer |
|                                 |                                                 |  Chief                Financial Officer and |
|                                 |                                                 |  Director |
|                                 |                                                 |   |
| Date:                October 7, 2008 |                                                 |   |

----

**EXHIBIT      INDEX**

| *3(i)   | Certificate                of Incorporation (May 29, 1984)                                                                                                         |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                               |
| *3(i)a  | Amended                Certificate of Incorporation (Sept. 4, 1984)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)b  | Amended                Certificate of Incorporation (March 5, 1986)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)c  | Amended                Certificate of Incorporation (Feb. 19, 1987)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)d  | Amended                Certificate of Incorporation (June 30, 1995)                                                                                                |
|    |                                                                                                                                                               |
| *3(i)e  | Amended                Certificate of Incorporation (January 12, 1996)                                                                                             |
|    |                                                                                                                                                               |
| *3(i)f  | Certificate                of Renewal (June 23, 1995)                                                                                                              |
|    |                                                                                                                                                               |
| *3(i)g  | Certificate                of Renewal (May 22, 2000)                                                                                                               |
|    |                                                                                                                                                               |
| *3(ii)a | By-Laws                of USBL                                                                                                                                     |
|    |                                                                                                                                                               |
| *3(ii)b | Amended                By-Laws                                                                                                                                     |
|    |                                                                                                                                                               |
| +10.2   | Standard                Franchise Agreement of USBL                                                                                                                |
|    |                                                                                                                                                               |
| 31.1    | Certification                of President (principal executive officer)                                                                                            |
|    |                                                                                                                                                               |
| 31.2    | Certification                of Chief Financial Officer (principal financial                officer)                                                               |
|    |                                                                                                                                                               |
| 32      | Certification                pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 |

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