$VICT Cherubim Interests, Inc. Acquires Victura Roofing and Cherubim Builders Group Oklahoma
Source: InvestorsHub NewsWire
Cherubim Interests, Inc.
FORT WORTH, TX--(NewMediaWire - May 31, 2016) - Cherubim Interests, Inc. (OTC PINK: CHITD) ("the Company"), an expansion-stage alternative construction and real estate development company, announces that it has acquired 100% of the membership interests of Victura Roofing LLC., and Cherubim Builders Group LLC (Oklahoma) from Victura Construction Group Inc. (OTC PINK: VICT).
"When catastrophic weather events occur, people in the affected regions need help immediately," states Patrick Johnson, CEO of Cherubim Interests, Inc. "Help repairing their homes and living spaces, before further damage is done and to limit the loss of property due to inclement weather. Today, we are excited to announce that the company has expand our capabilities to meet the demands of Americans in some of the hardest hit areas of the country."
"Oklahoma and Texas are no strangers to weather related disasters -- but they're also some of the most determined people when it comes to rebuilding their homes and their communities. CHIT is there to help them rebuild."
Victura Roofing was a wholly owned subsidiary of Victura Construction Group Inc., and is led by industry professionals with a 20 year track record of success. Victura Roofing provides quality work for internal Victura subsidiaries Gregg Construction and WaterMasters Restoration as well as a platform for market business opportunities in the Dallas/Ft. Worth Metroplex.
Cherubim Builders Group Oklahoma (CBG Oklahoma) is a general contractor that focuses on opportunities in insurance restoration, as well as multi-family and new home construction in the Oklahoma City Region.
"This roofing acquisition is very important as it provides us with immediate cash flow production, coupled with built-in expansion capability into one of the most active markets for damaged home repairs in the nation," states Patrick Johnson, CEO of CHIT.
"With the acquisition of Cherubim Builders Group Oklahoma we have an established, and registered- to do business entity in the OKC metro region as we progress into this years' storm season, which bears all the signs of being an active one."
The company initially executed an MOU to acquire Golden Eagle Roofing LLC, but was not able to meet its closing deadlines due to time constraints regarding approval of its recent corporate action. "It was a blessing in disguise for the company as we were forced to be patient and look at additional opportunities," states Patrick Johnson, CEO of CHIT. "We are excited to make this revenue producing acquisition with a class of convertible preferred stock, which allows us to invest any required cash into the expansion of the business model and not towards the acquisition cost. We will reach ROI faster this way, while adding more profit to the bottom line sooner than initially expected," says Johnson.
About Victura Roofing
Victura Roofing is led by industry professionals with a 20 year track record of success and a well established platform for market business opportunities in the Dallas/Ft. Worth Metroplex.
The company can be found at: www.victuraroofing.com
About Victura Construction Group
Victura Construction Group, Inc. (OTC PINK: VICT), is a holding company focused on strategic acquisitions within the construction industry that service both residential and commercial sectors in new development and construction projects, restoration and re-build following any covered loss or catastrophic event and materials supply opportunities within the industry.
Victura operates with excellent business practices and management expertise, sound ethics, financial resources as applicable, and utilizes strategic industry relationships to help add to the success of any acquired company(s).
The company can be found at www.victuraconstruction.com
About Cherubim Interests Inc.
Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.
For more information, visit www.cherubiminterests.com
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT INFORMATION
For more information please contact:
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer
(844) 842-8872
pjohnson@cherubiminterests.com
