CMKI has been negotiating with a private investor for several months now to secure a loan of up to $US 5 million to expand our operations and to acquire other compatible gaming companies that the Company has identified. CMKI is hopeful that an initial closing and receipt of the first payment $US 2.4 million will take place on or about February 10th, immediately following the Chinese New Year.
It has taken CMKI a bit longer than expected to gear up the operations after the acquisition of GuanHauSoft by CMG Gaming. CMKI is updating its website, business plan and financial models and has completed posting current information on OTCMarkets. CMKI have arranged for an audit for 2016 and will file it on a timely basis. Now with the launch of 3D animation activities, combined with the development of new games and applications every 90 days and the several potential new clients with whom CMKI is presently negotiating, the Company is poised to produce strong results for its shareholders in this new year and beyond.
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Company management, are subject to risks and uncertainties, which could cause actual results to differ from such forward-looking statements.
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SOURCE GUANHUASOFT GAMING CO.,LTD