NAPLES, Florida, December 7, 2017 /PRNewswire/ --
Sustainable Projects Group Inc. (the "Company") (OTCQB: SPGX) is pleased to announce the acquisition of myfactor.io AG, a business development company based in Liechtenstein. Sustainable Projects Group is gaining direct access to a company with the experience and infrastructure to develop SME's and issue bonds, allowing SPGX to further broaden the range of consulting and business development expertise represented within the Company.
"SPGX now has a platform in which it can fund and develop existing projects in its global network. This opens a gateway to new and exciting projects ahead," stated Christian Winzenried, CEO of Sustainable Projects Group Inc.
Through Sustainable Projects Group's acquisition of myfactor.io AG, the Company has the ability to profit from myfactor.io's focus on the development and growth of SME's. As part of its growth strategy for SME's, myfactor.io has the ability to place bonds in US Dollars, Euros and Swiss Francs.
"We are excited to join the team of Sustainable Projects Group Inc and the network of companies represented within the group of companies around it. We believe myfactor.io's expertise in international debt markets, coupled with the international network of SPGX will offer great potential for growth" stated Guenther Hotz, CEO of MyFactor.io.
Mr Hotz has more than 20 years of experience in the financial services field, serving in key leadership roles at various internationally known investment and financial services firm. He has served as CEO of myfactor.io AG since July of 2017 and will oversee the integration and expansion of myfactor.io into Sustainable Projects Group.
"Mr Hotz brings a long standing track record in the financial market into our company. We are excited that he will lead the myfactor.io team into the future and look forward to a fruitful future for all parties involved" stated Christian Winzenried, CEO of Sustainable Projects Group Inc.
About Sustainable Projects Group Inc.
SPGX as a member of SP Group is positioned to become a world-leading natural resources holding and development company through value-based investments and collaborative partnerships with global leaders across the natural resources sector.
SP Group has initiated its goals by pursuing investment and partnerships with some of the most diversified and integrated companies available on the market.
About myfactor.io AG
myfactor.io AG as a wholly owned subsidiary of SPGX, is a company incorporated in Liechtenstein. myfactor.io's primary focus is the development and growth of SME's and to strengthen their market position. As part of its growth strategy for SME's, myfactor.io has the ability to place bonds in US Dollars, Euros and Swiss Francs.
On behalf of Sustainable Projects Group Inc.
Chief Executive Officer
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Sustainable Projects Group Inc.
2316 Pine Ridge Road, #383
Naples, FL 34109
SOURCE Sustainable Projects Group Inc