Flash Sports & Media (Nasdaq: FLZH) Announces Planned Launch of Zimbabwe T20 League (ZT20)

New professional franchise cricket league is tentatively scheduled to debut in October-November 2026, subject to definitive documentation, required approvals, venue availability, player availability, financing, and other customary execution conditions.

Proposed ZT20 league is designed as a long-term sports, media, and sports-tourism property intended to showcase Zimbabwe as a premier destination for international T20 cricket, with a grand opening ceremony currently planned for Victoria Falls and matches expected across Harare Sports Club and Bulawayo.

HARARE, Zimbabwe and TAMPA, Fla., June 25, 2026 (GLOBE NEWSWIRE) -- Flash Sports & Media, Inc. (Nasdaq: FLZH) ("Flash" or the "Company"), a cricket-focused sports and media company, today announced plans for the Zimbabwe T20 League ("ZT20"), a proposed professional franchise T20 cricket league tentatively scheduled to debut in October and November 2026. The planned launch remains subject to definitive documentation, required approvals, venue availability, player availability, financing, and other customary execution conditions.

ZT20 is expected to be developed as a long-term sports and media property through the Company's subsidiary Innovative Production Group FZ, LLC ("IPG"), in collaboration with Zimbabwe Cricket ("ZC"), subject to the terms of applicable commercial arrangements and any required approvals. The proposed league is designed to showcase Zimbabwe as one of Africa's leading cricket and sports-tourism destinations, with a grand opening ceremony currently planned at the proposed cricket stadium in Victoria Falls and matches expected to be played across Harare Sports Club and Bulawayo.

Actual revenues, if any, will depend on the specific terms of the Company's contractual arrangements and on overall tournament outcomes, and may differ materially from any industry-level references included in this release. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, franchise interests, investment contracts, or other investment opportunities.

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