This is the third time I've said that the announcement is coming soon but this time it is for real, I promise. According to Memphis Roar, The Latavious B.I.G stated:
"I plan on announcing between the 20th and the 25th."
Unfortunately, Latavious failed to provide a month and year to correspond to those dates, so according to my Latavious Random Number Generator, he was referring to November 20-25, 2013.
Some more tidbits about Latavious and his visit to Georgetown in the linked article above.