SNM Global also will take an equity stake in Healthy Beverages LLC, owner of the brand CoCo Cocktail.
"The share reduction of SNMN stock has been a six month process that has now come to a successful conclusion. The significant decrease will, in my opinion, make the remaining shares that much more attractive when you also take into account our current asset building efforts," stated SNM Global CEO Troy Lowman. "The Love the Game brand fits perfectly into our goal of acquiring attractive entertainment assets and CoCo Cocktail is another long term target of ours that will tremendously enhance our brand."
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
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SOURCE SNM Global Holdings