Strategic acquisition to accelerate growth in for both SHE Beverage Company shareholders and further diversify business for URBT (OTC)
Urban Television Network (OTCQB:URBT)
LOS ANGELES, CA, USA, January 3, 2023 /EINPresswire.com/ — SHE Beverage Company today announced it has entered into a 54 million asset purchase agreement with Urban Television Network to acquire SHE Beverage Company’s operating and non-operating assets.
SHE Beverage Company (SBC) CEO Lupe Rose is proud to create this opportunity for URBT as well as SHE Beverage Companyâ€™s Shareholders. Urban Television Network CEO Joseph Collins and CEO Rose has conducted several closed-door meetings to advance the acquisition of SHE Beverage Company.
SHE Beverage Companyâ€™s Assets, which include a Womenâ€™s Football League, Technology Applications, Brandyay and Building It, in addition to a host of Manufacturing Equipment, Real Property, SHE Beverage Companyâ€™s Beverage Formulations, Trademarks and more is pleased to make this announcement.
After URBT shared a tremendous interest in SHE Beverage Companyâ€™s Technology assets and the desire to diversify its company with a focus on a Female Demographic, both parties found it fitting to enter into this agreement to further develop Business growth and diversity with SHE Beverageâ€™s Business Portfolio, focused on women, business, and sports.
Rose further stated; â€œDeploying capital through organic acquisitions is a key part of URBTâ€™s long-term strategy to become a world-class Omnichannel Platform- Communication Management contender. This transaction will further diversify URBTâ€™s business, create operational synergies while establishing a focus in Womenâ€™s Sports TV placement and business that is focused on Women, and enhance SHE Beverage Companyâ€™s shareholder value.â€�
The Executive Team at SHE Beverage Company has agreed to this Acquisition / Asset Purchase Agreement and look forward to seeing the unveiling of URBTâ€™s future growth.
FORWARD LOOKING STATEMENT
Certain information set forth in this Press Release contains â€œforward-looking informationâ€�, including â€œfuture-oriented financial informationâ€� and â€œfinancial outlookâ€�, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Companyâ€™s business, projects, and joint ventures; (iv) execution of the Companyâ€™s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Companyâ€™s projects; (vi) completion of the Companyâ€™s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Companyâ€™s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand managementâ€™s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this Press Release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or managementâ€™s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SHE Beverage Company
email us here