$FWDG - Sells FutureLand Properties, LLC
FutureLand Properties Second of Many to be spun-Off
ST. PETERSBURG, FL, March 24, 2015 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTC: FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announced today that on March 10, 2015 Aegea Inc. has purchased one hundred percent (100%) of FutureLand Properties, LLC, a wholly owned subsidiary of FutureWorld Corp for $120,000,000 in new issued common stock. The final valuation of the surviving company will be verified by a third party accounting firm with the acquisition of the FutureLand assets and corporation. FutureLand's current asset comprise of 240 acres of prime property in southern Colorado and two signed lease agreements for grow facilities on its land.
The transaction is an arm's length transaction and there are no material relationships and conflicts between the parties. Mr. Talari, Talari Industries or any insiders of FWDG, have no relationship or ownership of the other party of this transaction.
The details of transaction are as follows;
1- The Aegea Holders, post reverse division, will hold 4.9% of the ensuing outstanding and issued common shares for a period of one year post reverse division.
2- FutureWorld Corp Holders shall receive, post-reverse division, an amount of shares to be equal or greater to ninety four percent (94%) of the outstanding common shares of Aegea after such reverse division occurs.
3- Post reverse division, there shall be an issuance of common shares, and together with the remaining outstanding shares to a total of 30,000,000 shares issued and outstanding at the post reverse division price of $4 to $5 per share. Thereafter, FutureWorld Corp Holders to receive 28,200,000 shares of the new issued Common stock.
4- The final valuation of the surviving company will be verified by a third party accounting firm with the acquisition of the FutureLand assets and corporation. Such assets and matters being acquired into the Corporation shall include all the FutureLand properties and operations which shall be the main assets and operations of the Corporation.
5- The board of directors, post director change, purchased the assets and corporation being FutureLand from FWDG in exchange for the shares to be issued, which shall be distributed by FWDG. On March 16, 2015, the then current board of directors of Aegea, Inc. Keith Duffy, Scott Duffy, Carran Schneider, David Zajac and Lou Fuoco, did resign as directors of the Corporation, concurrent with the simultaneous appointment of Saed "Sam" Talari and John Verghese being appointed as the sole directors of Aegea, Inc.
Reasons for the sale and the transaction;
1- Extract value for the shareholders by spinning-off subsidiaries per our business model
2- Access to marketable securities and cash for corporate growth and dividend purposes
3- Increase balance sheet and overall financial health of the company
4- Access to capital for present and future purchase and leases of specialty zoned properties for the Cannabis industry by FutureLand
What shareholders should expect from this transaction;
1- dividend on part of the shares acquired through registration
2- stock dividends are only available to shareholders of record at the time of the coming notice
Based on its financial Proforma, by 2019, FutureLand will be one of the largest revenue producer in the grow industry in the nation. Its business plan is to continue attracting legal license holders to lease land and grow facilities on its 240 acres.
FutureLand Properties is one of many of FutureWorld subsidiaries planned spin-offs. FutureWorld has hastened its execution of its business plan to incubate and fund five (5) subsidiaries so far with award winning products in only 9 months. We plan on executing our business model in the next few weeks and months by our planned exit strategies (sale) for our subsidiaries, including URVape and CB Scientific.
As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.
https://globenewswire.com/news-release/2015/0...s-LLC.html
FutureLand Properties Second of Many to be spun-Off
ST. PETERSBURG, FL, March 24, 2015 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTC: FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announced today that on March 10, 2015 Aegea Inc. has purchased one hundred percent (100%) of FutureLand Properties, LLC, a wholly owned subsidiary of FutureWorld Corp for $120,000,000 in new issued common stock. The final valuation of the surviving company will be verified by a third party accounting firm with the acquisition of the FutureLand assets and corporation. FutureLand's current asset comprise of 240 acres of prime property in southern Colorado and two signed lease agreements for grow facilities on its land.
The transaction is an arm's length transaction and there are no material relationships and conflicts between the parties. Mr. Talari, Talari Industries or any insiders of FWDG, have no relationship or ownership of the other party of this transaction.
The details of transaction are as follows;
1- The Aegea Holders, post reverse division, will hold 4.9% of the ensuing outstanding and issued common shares for a period of one year post reverse division.
2- FutureWorld Corp Holders shall receive, post-reverse division, an amount of shares to be equal or greater to ninety four percent (94%) of the outstanding common shares of Aegea after such reverse division occurs.
3- Post reverse division, there shall be an issuance of common shares, and together with the remaining outstanding shares to a total of 30,000,000 shares issued and outstanding at the post reverse division price of $4 to $5 per share. Thereafter, FutureWorld Corp Holders to receive 28,200,000 shares of the new issued Common stock.
4- The final valuation of the surviving company will be verified by a third party accounting firm with the acquisition of the FutureLand assets and corporation. Such assets and matters being acquired into the Corporation shall include all the FutureLand properties and operations which shall be the main assets and operations of the Corporation.
5- The board of directors, post director change, purchased the assets and corporation being FutureLand from FWDG in exchange for the shares to be issued, which shall be distributed by FWDG. On March 16, 2015, the then current board of directors of Aegea, Inc. Keith Duffy, Scott Duffy, Carran Schneider, David Zajac and Lou Fuoco, did resign as directors of the Corporation, concurrent with the simultaneous appointment of Saed "Sam" Talari and John Verghese being appointed as the sole directors of Aegea, Inc.
Reasons for the sale and the transaction;
1- Extract value for the shareholders by spinning-off subsidiaries per our business model
2- Access to marketable securities and cash for corporate growth and dividend purposes
3- Increase balance sheet and overall financial health of the company
4- Access to capital for present and future purchase and leases of specialty zoned properties for the Cannabis industry by FutureLand
What shareholders should expect from this transaction;
1- dividend on part of the shares acquired through registration
2- stock dividends are only available to shareholders of record at the time of the coming notice
Based on its financial Proforma, by 2019, FutureLand will be one of the largest revenue producer in the grow industry in the nation. Its business plan is to continue attracting legal license holders to lease land and grow facilities on its 240 acres.
FutureLand Properties is one of many of FutureWorld subsidiaries planned spin-offs. FutureWorld has hastened its execution of its business plan to incubate and fund five (5) subsidiaries so far with award winning products in only 9 months. We plan on executing our business model in the next few weeks and months by our planned exit strategies (sale) for our subsidiaries, including URVape and CB Scientific.
As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.
https://globenewswire.com/news-release/2015/0...s-LLC.html
