PHILADELPHIA, Aug. 2, 2017 /PR Newswire/ -- Integrated Ventures, Inc., (OTCQB: INTV), a holding company that acquires, invests and operates private companies, is pleased to provide the following Corporate Update:
- On 07/31/2017, the Company had received a confirmation from OTC Markets with an extension until August 29th to cure the Bid Price Deficiency directly related to maintaining OTCQB status.
- The Company had completed converting of the outstanding principal due on Note by Viva Entertainment Group., (Symbol: OTTV). The total amount received by the Company, including a debt forgiveness from another note holder, was $622,785.51 (unaudited). This transaction has occurred after 06/30/2017, thus it will appear on Form 10K as subsequent event.
- The Company had completed the first Inventory Financing Round to Viva Entertainment Group, Inc on 07/03/2017, in the amount of $50,000.00. The proceeds are to be used to fund the purchases of OTT equipment (set up boxes), to fund marketing initiatives and to fund software development and technical upgrades for the VivaLiveTV Platform. This transaction has occurred after 06/30/2017, thus it will appear on Form 10K as subsequent event.
- On August 1, 2017, Integrated Ventures, Inc has agreed to convert $50,000.00 into 55,555,555 restricted common shares of OTTV. As of market closing on August 1, 2017, an estimated market value of this holding was $322,222,222. This transaction has occurred after 06/30/2017, thus it will appear on Form 10K as subsequent event.
About Integrated Ventures, Inc:
Company acquires, invests and operates in private companies, primarily in the health care, medicinal cannabis, mobile technologies, transportation and consumer goods markets that have a seasoned management team, solid operating histories, minimum debt, high growth potential and tangible assets, designed to mitigate investor risk. The Company is focused on implementing unique business strategies, on creating liquidity through asset based infrastructure, on supporting and improving operations, on securing and infusing growth capital, on maintaining and expanding a market presence in their niche sectors, while constantly enhancing this process by a multitude of initiatives. For more details, please visit us at www.integratedventuresinc.com.
The aforementioned statement should be read in conjunction with the company's period filings made with the Securities and Exchange Commission.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
SOURCE Integrated Ventures, Inc.