Thursday, October 20, 2016 2:33:21 PM
Motion Entertainment Group Inc. Inks Definitive Agreements to Utilize Prominent Intellectual Property
Motion Entertainment Group Inc., fka Compass Biotechnologies, forming two subsidiaries to exploit newly acquired IP
SALT LAKE CITY, UT / ACCESSWIRE / October 20, 2016 / Motion Entertainment Group Inc., fka Compass Biotechnologies, (OTC: COBI) announces the utilization of intellectual property rights for sought after entertainment product and equipment lines from Motion Sound and Magic Trix. While the company awaits final name and symbol change approval from the regulatory agencies, the company is forming two subsidiaries, Motion Sound Holdings Inc. and Magic Trix Inc., as called for in the definitive agreement, to manufacture, market and sell these in demand multimedia and entertainment products.
"These definitive agreements for the rights to these world renowned products, not to mention the people behind the products and technology, afford the Company the opportunity to deploy available resources and realize almost immediate returns. We are delighted to welcome our experienced partners, the new age technology, the demanded products and the influential names to our emerging company," said Steven Smith, Interim President of Motion. "This acquisition, coupled with our pending name and symbol change and incoming management team, truly puts Motion on the entertainment stage."
Steven Smith, Interim President
Motion Entertainment Group Inc. fka Compass Biotechnologies Inc.
Email:
compassbiotechnologies@gmail.com
Tel: (972) 535-8931
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. 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. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE: Motion Entertainment Group Inc.
© Copyright © 2016 Accesswire. All rights reserved.
If you haven't learned yet, most posts on a message board are in the writer's opinion. All of my posts are in my opinion (IMO)......do your Due Diligence (DD) and make up your own mind!
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM