$EMPM Share Structure
Common A/S: 400,000,000
Preferred A/S: 10,000,000
Outstanding Common Shares: 195,837,336
Restricted: 132,260,669
Outstanding Preferred Shares: 0
EMPIRE POST MEDIA, INC. - Proposed Name Change and Collaboration Agreement
Las Vegas, Feb 13, 2020 (Issuewire.com) - Empire Post Media, Inc. (OTC Markets: EMPM), a Nevada corporation, which is a fully reporting issuer with the Securities and Exchange Commission, filed a PRE 14C Information Statement with the Securities and Exchange Commission to change the name of the Company to Saean Industries, Inc. This name change should take effect on or around March 20, 2020.
The Company would also like to announce a collaboration agreement Saean Group, Inc., a Delaware corporation (hereinafter referred to as “Saean Group”), located in Pasadena, California, to develop new technologies, intellectual property, and work product in the electric vehicle (“EV”) market (the “Collaboration Agreement”). Additionally, the Company entered into a consulting service agreement with Jung Yong Lee (hereinafter referred to as “John Lee”) to provide the Company with strategic business development and management advisory services related to advising on strategic projects. Lee is the CEO and Director of Saean Group.
Mr Sawyer (President and CEO of the Company), states... ”We are excited to be entering into a Collaboration Agreement with Saean Group and its founding member John Lee to assist the Company in acquiring new technologies in the EV market. Mr Lee has vast experience in the global EV market related to vehicle design, manufacturing, marketing, and distribution. As of the date of this press release, the Company, Saean Group, and Mr. Lee are currently identifying and negotiating several projects to bring to the Company in the coming months.”
The Company has decided to widen its future business operations to include potential joint ventures and/or acquisition of technology businesses that when combined together with current operations can provide synergies of scale and scope. To this effect, the Company has entered into a consulting service agreement with Jong Hoon Kim (hereinafter referred to as “Dr. Kim”). The Company entered into this agreement with Dr. Kim to assist the Company in the identification of potential technology projects that the Company may participate that are outside of the EV industry.
Mr. Sawyer (President and CEO of the Company), further stated... The Company felts that the name change to Saean Industries, Inc. is more representative of the Company’s new plans to expand its business focus as stated above, and also show our close working relationship with the Saean Group and Mr. Lee.”
NVSOS as of 12-16-2019