InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
i_like_bb_stock PremiumMember
07/19/23 11:12 AM
profile icon
Penny chatter Free
12/04/22 8:16 AM
profile icon
easymonee Free
11/13/22 4:34 PM
profile icon
easymonee Free
11/13/22 3:52 PM
profile icon
Obie Free
11/13/22 9:24 AM
profile icon
fenixinvest Free
10/26/22 4:53 PM
profile icon
fenixinvest Free
10/26/22 3:07 PM
profile icon
easymonee Free
12/22/21 10:06 PM
profile icon
littleharoldeh Free
12/10/21 8:14 AM
profile icon
Redandjuicy Free
12/06/21 11:42 AM
profile icon
Microandgains Free
11/16/21 1:19 PM
profile icon
easymonee Free
10/21/21 1:30 AM
profile icon
easymonee Free
10/14/21 9:24 PM
profile icon
Redandjuicy Free
10/06/21 1:49 AM
profile icon
easymonee Free
10/05/21 12:29 PM
profile icon
easymonee Free
10/04/21 11:12 PM
profile icon
easymonee Free
08/25/21 2:11 AM
profile icon
Obie Free
07/21/21 9:12 AM
profile icon
Obie Free
07/07/21 10:53 PM
profile icon
AskMuncher Free
06/27/21 9:01 AM
profile icon
Golden Cross PremiumMember
06/02/21 12:09 AM
profile icon
Obie Free
05/17/21 2:36 PM
profile icon
Obie Free
05/07/21 6:57 PM
profile icon
Redandjuicy Free
05/07/21 11:12 AM
profile icon
Microandgains Free
03/24/21 9:04 AM
profile icon
Impacto Free
03/23/21 1:12 PM
profile icon
Microandgains Free
03/23/21 2:49 AM
profile icon
Obie Free
03/18/21 2:44 PM
profile icon
Penny chatter Free
03/17/21 11:59 AM
profile icon
Microandgains Free
03/16/21 2:36 PM
profile icon
Microandgains Free
03/12/21 3:20 PM
profile icon
Penny chatter Free
03/04/21 2:24 PM

808 Renewable Energy Corp (RNWR) RSS Feed

Followers
16
Posters
59
Posts (Today)
0
Posts (Total)
1149
Created
08/20/07
Type
Free
Moderators

808 Renewable Energy Corporation Completes Merger with Cool Events, LLC and Provides Shareholder Update

LAS VEGAS, Dec. 13, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – 808 Renewable Energy Corporation (OTC: RNWR) (“the Company”) is pleased to announce the completion of its merger with Cool Events, LLC.

The merger between 808 Renewable Energy and Cool Events redirects the Company’s business model to focus on the rapidly growing events industry. William Spata assumes the position of CEO and director; Brogg Sterrett is COO and director; and Valerie Spata is human resources manager.

Cool Events brings a seasoned management team with 35 years of combined experience in operating experiential events, including obstacle course races, running races, experiential family events and other competitive events. The team at Cool Events produced over 120 events in 2018 between its five wildly successful brands which include: Terrain Race, Bubble Run, Foam Glow, Blacklight Run and Blacklight Slide. Bubble Run is the largest daytime 5K run in the country; Foam Glow is currently the largest nighttime 5K run in the country; Blacklight Slide is the first and only 5-story blacklight-lit neon glowing waterslide; and Terrain Race is the fastest-growing obstacle course race for all ages and athletic abilities.

It is estimated the outside events business will generate over $900 million in ticket sales in America in 2019. Based on its current model, management expects the emerging Company will produce over 120 events across America in 2019 and gross over $22 million in revenue.

William Spata, CEO of Cool Events, commented, “I have a high-level confidence that Cool Events will be one of the largest conglomerates of experiential events in the United States. My intent is to fully deploy our proprietary marketing systems and our operational know-how to scale not only the number of events but the participation levels to substantially higher levels on a per-event basis. We have already witnessed the power of these principles and have doubled or, in one instance, tripled, the number of participants thanks, in part, to our digital ad efforts.”

The Cool Events brands generated over $22 million in gross revenues for the year ended Dec. 31, 2017. Cool Events is reporting gross assets in excess of $4 million. The assets consist primarily of cash, merchandise and equipment. Estimated liabilities are represented to be no more than $700,000, excluding any deferred revenue liabilities. All financial statements provided by Cool Events are unaudited and will be subject to adjustments based upon the requirements of GAAP.

Cool Events is committed to dedicating its events to the local community, families and children. Cool Events has aligned itself with Children’s Miracle Network, Special Olympics, Ronald McDonald House Charities and Childhood Cancer Awareness. It has donated more than $1 million to Phoenix Children’s Hospital/Children’s Miracle Network, Ronald McDonald House Charities, Special Olympics, Boys and Girls Club and many more over the years.

With this completed merger, the Company now has 207,075,187 common shares issued and outstanding and 6,993,338 that are deposited in DTCC. The Company is not planning a reverse stock split and will file all necessary documents to become current with OTC Markets. The Company will also take the necessary corporate actions to change the name to Cool Events, Inc.

For more information about Cool Events’ brands, see the following videos:

Blacklight Run™ - Official Video 2014  

Bubble Run - Official 2017 Video

Home - Bubble RUN

For more information visit www.CoolEvents.com

Forward-Looking Statements

All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as "projected," "expect," "possibility," and "anticipate." The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties, and assumptions. Actual results could differ materially from current projections or implied results. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.

The Company cautions that statements, and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release.

Contact:
hi@coolevents.com

Caleb Bacon

602-559-4076

Source: 808 Renewable Energy Corporation
          -------------------------------------------------  Previous to this merger, Cool Events was looking to merge with $SAKL (Sack Lunch Productions) who is also in the Events business  ...This deal fell though...so they took over this ticker instead..    
Sack Lunch Productions Signs Letter of Intent to Acquire Cool Events: Reported Over $20M in Revenues for 2016Press Release | 10/03/2017

SALT LAKE CITY, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Sack Lunch Productions, Inc. (OTC PINK:SAKL), a publicly traded entertainment company with operations in event management, announced that it has signed a Letter of Intent to acquire substantially all assets of Cool Events, LLC. Cool Events currently operates 5 wildly successful brands including: Terrain Race, The Bubble Run,