NetworkNewsBreaks – ECGI Holdings Inc. (ECGI) Si
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Posted On: 06/13/2024 4:39:50 PM
NetworkNewsBreaks – ECGI Holdings Inc. (ECGI) Signs Binding LOI to Acquire Pacific Saddlery
ECGI Holdings (OTC: ECGI), a diversified holding company with a unique portfolio in viticulture and luxury fashion, is announcing the signing of a binding Letter of Intent (“LOI”) to acquire all outstanding shares of Pacific Saddlery, Inc., a renowned manufacturer and retailer of luxury equestrian tack, apparel and accessories, in exchange for $5,000,000 in ECGI-restricted shares. According to the announcement, these shares will remain restricted until ECGI uplists to a national exchange. The acquisition aligns with ECGI’s objectives of expanding its presence in the luxury brands sector. It is expected to generate new recurring revenue streams and enhance ECGI’s position in the luxury equestrian market. The announcement noted that Nick Collins, a well-known professional in the equestrian luxury market, will take up the role of president of ECGI, with Jamie Steigerwald, CEO of ECGI, assuming the additional role of president of Pacific Saddlery. Together, they will serve as co-chairmen of ECGI. “We are thrilled to finalize this acquisition and further our commitment to building high-quality, luxury brands,” commented Steigerwald. “Nick Collins brings unparalleled experience and a deep understanding of the equestrian luxury market, which will be invaluable as we integrate Pacific Saddlery into our portfolio. “
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://nnw.fm/ECGI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
ECGI Holdings (OTC: ECGI), a diversified holding company with a unique portfolio in viticulture and luxury fashion, is announcing the signing of a binding Letter of Intent (“LOI”) to acquire all outstanding shares of Pacific Saddlery, Inc., a renowned manufacturer and retailer of luxury equestrian tack, apparel and accessories, in exchange for $5,000,000 in ECGI-restricted shares. According to the announcement, these shares will remain restricted until ECGI uplists to a national exchange. The acquisition aligns with ECGI’s objectives of expanding its presence in the luxury brands sector. It is expected to generate new recurring revenue streams and enhance ECGI’s position in the luxury equestrian market. The announcement noted that Nick Collins, a well-known professional in the equestrian luxury market, will take up the role of president of ECGI, with Jamie Steigerwald, CEO of ECGI, assuming the additional role of president of Pacific Saddlery. Together, they will serve as co-chairmen of ECGI. “We are thrilled to finalize this acquisition and further our commitment to building high-quality, luxury brands,” commented Steigerwald. “Nick Collins brings unparalleled experience and a deep understanding of the equestrian luxury market, which will be invaluable as we integrate Pacific Saddlery into our portfolio. “
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://nnw.fm/ECGI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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