$OVMS is now under New Management
Brought in to move the Company through the expansion and restructuring is Thomas L. DiStefano III as CEO. Mr. DiStefano has managed many startups and public companies from restaurants, night clubs and investment banking to software & technology companies. Mr. DiStefano will be working closely with the new management team at Ovation Music Boca to shape the company's business direction, streamline costs and prepare the Boca Raton location as the footprint for any future expansion.
Additionally, the former CEO & Director and managers of the Boca Raton location have resigned as officers of the Company. As part of the resignation, both former managers perfected corporate resolutions to return and retire 125,000,000 shares of Company common stock.
Additionally the former CEO has agreed to buy the Gallatin, TN store for 50,000,000 shares of the Company's common stock, valued at a discount to market of $100,000.00. The cancelation and retirement of these shares has resulted in a reduction of the total issued and shares to 180,840,001 as of September 6, 2016.
