Latest Solar Energy Initiat (SNRY) Headlines No
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Posted On: 03/11/2014 10:18:57 AM
Latest Solar Energy Initiat (SNRY) Headlines
Novation Holdings (NOHO) Announces Acquisition of Controlling Interest in SNRY
ACCESSWIRE - Tue Jul 02, 8:33AM CDT
Boca Raton, FL, July 2, 2013 - (eTeligis via Accesswire) - Novation Holdings (OTCQB: NOHO) today announced that it has acquired a controlling interest in Solar Energy Initiatives, Inc. (OTCQB: SNRY) in exchange for the stock of HB&G, Inc., parent of HB&G Temecula, Inc., which operates a local-themed, entertainment focused, bar and restaurant in Temecula California. The parent, HB&G, Inc. plans to start additional, local themed entertainment restaurants in Southern California, Arizona, Texas and possibly Florida over the next three years. The acquisition was in exchange for a combination of SNRY common stock and a convertible preferred stock with voting power equal to 51 percent of all voting stock of SNRY. Although originally announced in April, 2013, the final closing and transfer could not be completed until certain open issues with the restaurant's landlord were resolved, which has just been done. According to Michael Gelmon, CEO of Novation Holdings, "This acquisition will allow us to continue our acqui
Novation Holdings (NOHO) Announces Acquisition of Controlling Interest in SNRY
ACCESSWIRE - Tue Jul 02, 8:33AM CDT
Boca Raton, FL, July 2, 2013 - (eTeligis via Accesswire) - Novation Holdings (OTCQB: NOHO) today announced that it has acquired a controlling interest in Solar Energy Initiatives, Inc. (OTCQB: SNRY) in exchange for the stock of HB&G, Inc., parent of HB&G Temecula, Inc., which operates a local-themed, entertainment focused, bar and restaurant in Temecula California. The parent, HB&G, Inc. plans to start additional, local themed entertainment restaurants in Southern California, Arizona, Texas and possibly Florida over the next three years. The acquisition was in exchange for a combination of SNRY common stock and a convertible preferred stock with voting power equal to 51 percent of all voting stock of SNRY. Although originally announced in April, 2013, the final closing and transfer could not be completed until certain open issues with the restaurant's landlord were resolved, which has just been done. According to Michael Gelmon, CEO of Novation Holdings, "This acquisition will allow us to continue our acqui
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