MEMPHIS, Tennessee, September 21, 2016 /PRNewswire/ --
Platinum Pari-Mutuel Holdings, Inc., (OTC: PPMH) has announced its acquisition of TBX Group (TBX) and its subsidiaries.
To further enhance its strategic market positioning, Platinum Pari-Mutuel Holdings, Inc. has completed the private acquisition of TBX Group, Inc., whose subsidiaries include:
- mPathDiscovery, LLC
- Smacked Ventures, Inc.
- Smacktive, LLC
- Great Day, Inc.
TBX has operated as a management holding company acquiring and expanding the outreach of technologies and innovation.
Through its acquisition of TBX, PPMH has acquired:
mPathDiscovery, LLC is the leader in Digital Sociology, developing innovative systems that create Actionable Business Intelligence. mPathDiscovery is a unique, science-based intelligence firm offering deep levels of knowledge and awareness previously thought unattainable. The mPath Engine foresees how the decisions you make today will impact your company tomorrow. Welcome to a paradigm shift in marketing, planning, crisis management and more.
mPathDiscovery is led by Richard Neal, the foremost authority in Digital Sociology and credited as an original innovator for this Field of Study. mPathDiscovery hosts clients from all avenues of business, from small marketing firms to the likes of Microsoft, P&G, and BP.
Smacked Ventures, Inc. SmackedVentures.com, is a bold group of creative thinkers, mobile application designers and developers at the forefront of technology, founded by Sam Feuer. Mr. Feuer is a globally respected entrepreneur in his field with over 18 years of hard work and earned success. Smacked Ventures currently holds the rights to 21 apps and games, including the new "Celebrity Tap - The Trumpie Challenge", Apple's featured holiday shopping app "FastMall" which includes intelligent offline mapping technology (MapOS), and "ChosenApps", a fully monetized, internet based version of the App Store & Google Play. "ChosenApps" allows developers and/or agencies the ability to receive a higher ranking relative to other top apps and games in the world.
Smacktive, LLC The "Smacktive" (iPhone & Android) app is a real world, in-person social networking experience, which focuses on getting people out of the house and active - a healthier choice than typical social media applications. This app instantly enables anyone to chat (one on one or in groups) about doing any activity, then meet offline and in-person to enjoy the activity together. Built by our award winning, Apple featured design and development team and led by Sam Feuer and Marcelo Moyano, Smacktive's goal is to allow anyone to utilize technology to have meaningful, active, offline, in-person experiences.
PPMH has acquired the controlling interest of Smacktive with purchase rights for full ownership.
GreatDay, Inc. is a development stage company that is designing a consumer app for the burgeoning automotive software market.
The products and leadership involved in this acquisition have been featured across the globe in numerous articles and features from the likes of the Los Angeles Times and CNN Money to the Today Show.
"The acquisition of TBX represents a major positive step for our Company", says Paul Baioni, CEO of PPMH. "The increased shareholder value, potential revenue earnings and addition of TBX leadership, including our recent addition of Mr. John Miller, who has held senior management positions with Ford and Federal Express, will support solid future growth for our company."
Along with the aforementioned corporate acquisitions, PPMH has acquired a vast amount of intellectual property and assets.
Mr. Baioni added "PPMH started down this new path when we acquired Rugged Outdoor Computing Systems (http://www.rocomputing.com) just a few months ago. Their innovative and groundbreaking solutions for high social awareness markets, Public Safety and Homeland Security are what we feel PPMH stands for. Now we've added another group with more of the same: high visibility markets and innovative solutions promising great returns for our investors. With the addition of experienced management staff, I foresee a steady growth in value for the future."
For more information about Platinum Pari-Mutuel Holdings, Inc., (PPMH) please visit the newly redesigned web site: http://www.PPMHinc.com
This release contains forward-looking statements that are based on beliefs of Platinum Pari-Mutuel Holdings management and reflect Platinum Pari-Mutuel Holdings current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Platinum Pari-Mutuel Holdings with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of a salable market, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Platinum Pari-Mutuel Holdings and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release might incorporate by reference the Company's filings and other reports. Investors are encouraged to review all filings. There is no assurance Platinum Pari-Mutuel Holdings will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the acquisitions assets, companies, and projects will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in the market would affect the potential profitability of the proposed acquisition negatively.
Platinum Pari-Mutuel Holdings, Inc.
SOURCE Platinum Pari-Mutuel Holdings, Inc