HOUSTON, July 25, 2014 /PRNewswire/ -- Solanbridge Group Inc (OTC: SLNX) is pleased to announce that SLNX has acquired the majority interest in Buzznbrewz.com and the Letter of Intent issued on July 11, 2014 has been replaced with a fully executed Purchase Agreement.
Charles R. Shirley, Managing Director of Solanbridge, stated "We are proud to have Mr. David Pecoraro and Buzznbrewz.com join SLNX's team. David has decades of experience in the private sector and developed a tremendous network of contacts who have been helpful to SLNX's effort in the past and will be again in the future."
David Pecoraro is a 52 year old entrepreneur. He writes a social media newsletter that follows trends of long term investment waves. At the same time, David developed a transportation business, specializing in high value items, successfully involved with high profile projects. In the previous 20 years, David was involved in the wholesale, retail and distribution of grocery/retail and restaurants. David held positions in sales and management for Durkee/Frenchs and other companies, in production, distribution specialist in opening new stores and accounts.
Solanbridge expects Buzznbrewz.com to generate revenues from its line of beer brewing, coffee, vapor, cigars, vitamin, and cannabis paraphernalia products within the next two weeks.
On July 11, 2014, SLNX signed a Letter of Intent (LOI) to acquire majority interest in Buzznbrewz.com, specifically an eighty percent (80%) interest. On July 24, 2014, SLNX and Buzznbrewz.com fully executed a definitive Purchase Agreement to acquire Buzznbrewz.com, closing the LOI and making Buzznbrewz.com SLNX's newest subsidiary.
About Solanbridge Group Inc
Solanbridge Group Inc, based in Greater Houston, is a diversified holding company looking to expand into the medical marijuana industry by developing commercial grower's licenses in Eastern Canadian medical marijuana jurisdictions, with the partnership of First Nations and developing CBD-infused products in Colorado and Nevada through its subsidiary Tasty Greenz LLC. Solanbridge is also pursuing other acquisitions in the growing medical marijuana field.
Buzznbrewz.com is your destination for all your product needs in: Beer Brewing, Coffee Products, Cigars, Pot/Hemp, Cannabis Shots, Chews, Vapors, E-cigs, Pipes, Hookahs, Bongs, Flavors, Parts/Supplies, Vitamins, Oils Supplements and other Dietary needs for your enjoyment. Also, Buzznbrewz.com offers a special line of Logo and Vice Apparel at buzznbrewz.com.
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based upon the current beliefs and expectations of Solanbridge's management and are subject to significant risks and uncertainties. There can be no guarantees with respect to that the products will prove to be commercially successful. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements. Solanbridge undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Solanbridge Group Inc