Monday, May 22, 2017 12:59:55 PM
SILVER SPRING, MD--(Marketwired - Feb 14, 2017) - Premier Products Group, Inc. (OTC PINK: PMPG) (the "Company" or "Premier") today announced they have successfully closed the acquisition of Satic Incorporated ("Satic") (www.saticusa.com). The Company will apply for a name and symbol change to reflect the new business. Mr. B.D. Erickson will assume the position of CEO with Clifford Pope staying in a transitional position for the next 30 days.
Satic is uniquely positioned to begin mass commercialization of several products developed over the years inclusive of the Satic Power Perfect Box as well as new industry specific solutions to be launched in the near future. The Company believes the scalability of these products is significant.
As terms of the transaction, Satic will receive a class of preferred stock, which represents 65% of Premier Products Group, Inc. Full terms and conditions can be found in the 8k filing.
Please look for Mr. BD Erickson on CEOLIVE.tv on Thursday of this week to introduce Satic to investors. Satic USA will also be bolstering our website to include an "Investor Information" section, as well work to enhance our social media programs as we roll out our products and look to educate consumers on the features and benefits.
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