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Strategic Global Investments Signs Memorandum of Understanding to Purchase Television 101
Last update: 08/09/2014 8:45:00 am
Strategic Global Investments Signs Memorandum of Understanding to Purchase Television 101
CARLSBAD, CA--(Marketwired - Sep 8, 2014) - Strategic Global Investments, Inc. (OTC Pink: STBV) (PINKSHEETS: STBV) is pleased to announce that the Company signed a Memorandum of Understanding (MOU) with Television101 for the purchase of the Company for a combination of cash and stock on September 5, 2014.
Strategic Global and Television 101 have initiated the Due Diligence process and expect to have the process completed within 30-45 days. The congruent nature of the synergies between the Companies makes the acquisition a mutually advantageous venture.
"The team at Television101 could not be happier about this opportunity. The relationship with Strategic has always been symbiotic in nature. Our goals, direction, and timing, align; making this decision a logical one. We have a whole host of projects and marketing prospects that have been presented to us, and teaming up with Strategic to propel these opportunities just made perfect sense," stated Jeff Orsa, Producer, Partner, Director and Cinematographer of Television 101.
"This is a very exciting undertaking. We anticipate that this relationship will yield in significant advancement; not only in our reach into the Marijuana marketplace, with 'The Collective' being taken to market, but also in our potential for growth into other realms of the entertainment industry. We believe this will be a very good move in light of our purpose to expand in entertainment as well as our focus on strengthening our bottom line," stated Andrew Fellner, CEO of Strategic Global Investments.
Strategic Global Investments Signs Memorandum of Understanding to Purchase Television 101
Last update: 08/09/2014 8:45:00 am
Strategic Global Investments Signs Memorandum of Understanding to Purchase Television 101
CARLSBAD, CA--(Marketwired - Sep 8, 2014) - Strategic Global Investments, Inc. (OTC Pink: STBV) (PINKSHEETS: STBV) is pleased to announce that the Company signed a Memorandum of Understanding (MOU) with Television101 for the purchase of the Company for a combination of cash and stock on September 5, 2014.
Strategic Global and Television 101 have initiated the Due Diligence process and expect to have the process completed within 30-45 days. The congruent nature of the synergies between the Companies makes the acquisition a mutually advantageous venture.
"The team at Television101 could not be happier about this opportunity. The relationship with Strategic has always been symbiotic in nature. Our goals, direction, and timing, align; making this decision a logical one. We have a whole host of projects and marketing prospects that have been presented to us, and teaming up with Strategic to propel these opportunities just made perfect sense," stated Jeff Orsa, Producer, Partner, Director and Cinematographer of Television 101.
"This is a very exciting undertaking. We anticipate that this relationship will yield in significant advancement; not only in our reach into the Marijuana marketplace, with 'The Collective' being taken to market, but also in our potential for growth into other realms of the entertainment industry. We believe this will be a very good move in light of our purpose to expand in entertainment as well as our focus on strengthening our bottom line," stated Andrew Fellner, CEO of Strategic Global Investments.
