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Posted On: 09/09/2021 9:13:13 AM
Post# of 99241
$GSFI Green Stream Holdings Inc. Releases Additional Information On Chuck's Vintage/ VGTel, Inc. Transaction
https://www.globenewswire.com/news-release/20...ction.html
NEW YORK, NY, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company" or “GSFI”) (https://greensolarutility.com), recently announced that its wholly owned subsidiary, Chuck's Vintage (https://chucksvintageoriginal.com), an iconic retail specialty brand in Los Angeles and New York City, had been sold to VGTel, Inc. (OTC Pink: VGTL).
Management wanted to further clarify its plans for the two companies.
Initially, Chuck’s Vintage, Inc. will place Jim DiPrima (GSFI’s CEO) as interim CEO of VGTL. He will lead the effort to file necessary reports for VGTL to effect an OTC Pink Current Information tier in conjunction with identifying officers and directors positioned to effectively manage and grow VGTL.
CEO James DiPrima said: “As both companies now have common control of the day-to-day activities of the two companies, it is the intent, after VGTL becomes current, we at GSFI, intend to acquire shares of VGTL for these services so that our GSFI shareholders will get additional consideration for the transaction. The initial consideration was the assumption of certain liabilities.
More information to follow in subsequent releases, as required.
https://www.globenewswire.com/news-release/20...ction.html
NEW YORK, NY, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company" or “GSFI”) (https://greensolarutility.com), recently announced that its wholly owned subsidiary, Chuck's Vintage (https://chucksvintageoriginal.com), an iconic retail specialty brand in Los Angeles and New York City, had been sold to VGTel, Inc. (OTC Pink: VGTL).
Management wanted to further clarify its plans for the two companies.
Initially, Chuck’s Vintage, Inc. will place Jim DiPrima (GSFI’s CEO) as interim CEO of VGTL. He will lead the effort to file necessary reports for VGTL to effect an OTC Pink Current Information tier in conjunction with identifying officers and directors positioned to effectively manage and grow VGTL.
CEO James DiPrima said: “As both companies now have common control of the day-to-day activities of the two companies, it is the intent, after VGTL becomes current, we at GSFI, intend to acquire shares of VGTL for these services so that our GSFI shareholders will get additional consideration for the transaction. The initial consideration was the assumption of certain liabilities.
More information to follow in subsequent releases, as required.
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