$SEGN announces a snapshot of its renewed business
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Posted On: 05/20/2020 8:47:39 AM
$SEGN announces a snapshot of its renewed business model. Renavotio Infratech, Inc. ("RII"
was acquired on April 3, 2020 and in the past thirty days, RII has targeted three key of growth areas in the infrastructure space. Medical Infrastructure, Utility Infrastructure and Financial Infrastructure management. To facilitate the company's hypergrowth business plan, three divisions were formed to manage the opportunities presented to the Company . RII financial infrastructure management will seek investment capital, plan equity raises and provide capital to each of the operating divisions. The financial division since being acquired by SEGN has completed the retirement of one of the convertible debts of $75,000 it inherited, plans to retire the second for $75,000 and is renegotiated a long term relationship with the third one of $45,000. The Company has also negotiated a funding commitment of up to $975,000 with the first $103,000.00 convertible loan due in twelve (12) months with Power Up Lending group LTD. That amount is being used to retire debt and provide working capital . SEGN plans to retire all remaining convertible debt to eliminate future dilution. RII is seeking long-term relationships with Investment Banking firms in order to raise capital and to provide guidance for its targeted acquisitions.
was acquired on April 3, 2020 and in the past thirty days, RII has targeted three key of growth areas in the infrastructure space. Medical Infrastructure, Utility Infrastructure and Financial Infrastructure management. To facilitate the company's hypergrowth business plan, three divisions were formed to manage the opportunities presented to the Company . RII financial infrastructure management will seek investment capital, plan equity raises and provide capital to each of the operating divisions. The financial division since being acquired by SEGN has completed the retirement of one of the convertible debts of $75,000 it inherited, plans to retire the second for $75,000 and is renegotiated a long term relationship with the third one of $45,000. The Company has also negotiated a funding commitment of up to $975,000 with the first $103,000.00 convertible loan due in twelve (12) months with Power Up Lending group LTD. That amount is being used to retire debt and provide working capital . SEGN plans to retire all remaining convertible debt to eliminate future dilution. RII is seeking long-term relationships with Investment Banking firms in order to raise capital and to provide guidance for its targeted acquisitions. 
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