Before the season started, the Huntsville Blast moved their operations from Huntsville, AL to Tallahassee, FL and became the Tallahassee Tiger Sharks and the Louisville IceHawks suspended operations.
The Wheeling Thunderbirds finished first overall in the regular season and the Richmond Renegades won their first Riley Cup, defeating the Greensboro Monarchs four games to one.
League history was made on March 18, 1995 at the Norfolk Scope when Hampton Roads Admirals goaltender Corwin Saurdiff became the first goalie to score a goal against the Charlotte Checkers.
Note: GP = Games played, W = Wins, L = Losses, T = Ties, Pts = Points, GF = Goals for, GA = Goals against, Green shade = Clinched playoff spot, Blue shade = Clinched division
All stats come from Internet Hockey Database