Laguna Hills, California, June 14, 2018 (GLOBE NEWSWIRE) -- Publicly-held Megola, Inc. (OTC Pink: MGON) is providing stockholders with an update regarding the status of the corporation and its current strategic objectives.
Megola, Inc. (OTC Pink: MGON) and TheShare TV, LLC, is pleased to announce the following: 1. The Reverse Take-Over “RTO” of Megola, Inc. and TheShare TV, LLC is complete. 2. Terms of the transaction are as follows: 1) Rather than increase the public float, Megola, Inc. has agreed to issue 1 Share Super Preferred Class A Share and 20 Million Preferred Series D Shares with a conversion rate of 1 Preferred to 1 Common Share. 2) As part of the Reverse Take Over “RTO” with Megola, Inc. all MC Endeavor, Inc. shareholders will receive 1 share of MGON Preferred D stock for every 50 Shares of MSMY owned. Management will be coordinating the transaction with its legal team, Transfer Agent, and Cede & Company. 3. The company has engaged Richardson and Associates, LLP and the company intends to update information on OTC Markets as soon as possible to achieve “Current” status on OTC Markets. 4. To celebrate the completion of the “RTO”, Management is hosting an Open House for our shareholders, TV Show Host, and entire network team at the new Room 21 Media studio on Friday, June 15th, 2018 at 5pm. Management will be showcasing and announcing originally programming and will provide “sneak peaks” of the original shows and includes "meet and greets” of show hosts. The “sneak peaks” of the original shows will be featured on www.TheShare.TV at 5pm PST on June 15th, 2018.
Management continues to notify all shareholders and persons of interest to follow Megola Inc./ TheShare.TV on social media channels such as Facebook, YouTube, Twitter, Google Plus, and Instagram for updates and notifications of the company’s original programs and directives.
About TheShare TV, LLC.
TheShare TV, LLC is a wholly owned subsidiary of MC Endeavors, Inc. and is the first and only network channel for addiction treatment and recovery lifestyles. The network is developing, producing, and distributing original addiction treatment and sober lifestyle television programming to a worldwide audience. The original programming promotes long term recovery, inspiration and awareness through education, support, music, and entertainment.
For more information, please visit https://twitter.com/TheShareTV
About MC Endeavors, Inc. MC Endeavors, Inc. (OTC Pink: MSMY ), an innovator in social commerce platforms, is committed to becoming a leading global social commerce company that utilizes a single core platform, Room 21™, to produce, distribute and monetize online communities for individuals and businesses that interact with industries ranging from industrial business to healthcare to entertainment.
###
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although MC Endeavors Inc. and Megola, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, MC Endeavors Inc and Megola, Inc. are unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
SOURCE Megola, Inc. RELATED LINKS
http://www.room21media.com http://www.theshare.tv http://www.treatmentmedia.com http://www.getdetoxnow.com http://www.soberaftercare.com
For further information, contact: John Stippick President MC Endeavors, Inc/Room 21 Media/Megola, Inc. Phone: (310) 986-6373 E-mail: johns@room21media.com
