CARSON CITY, NV--(Marketwired - Mar 30, 2017) - Turbo Global Partners (TURBO) trading as DIBZ International, Inc. (
"I am pleased to announce that TURBO has signed a Letter of Intent to acquire Turbo Retail Management who holds the Master Lease for retail postal franchises that operate within Walmart Supercenters in the Southeast," states Bob Singerman, Chairman & CEO of TURBO. Turbo Retail Management is the sole Sub-Lessor for GP Brands, Inc. for their retail postal store franchises within Walmart Supercenters.
Robert Singerman, CEO of TURBO continues, "It's a great fit for TURBO on multiple fronts. What's truly exciting is that when the transaction closes, Turbo Retail Management will become a new operating Business Unit of TURBO, which is contemplated to close mid-May, 2017. We will subsequently report earnings from our lease revenue from our new Turbo Retail Management Business Unit, and at the same time, we can maximize synergies with our other service business units including Turbo Communications and Make It Happen Entertainment."
Robert W Singerman, Chairman and CEO Turbo Global Partners, Inc. Formerly DIBZ INTERNATIONAL, INC.
SOURCE: Turbo Global Partners, Inc.
About DIBZ International, Inc. ("DIBZ") dba TURBO GLOBAL PARTNERS, Inc. TURBO is the "Berkshire Hathaway business model of Small Cap Companies", a diversified investment management company that reports the earnings of its operating business units, subsidiaries, joint ventures and strategic partnerships.
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
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