Full Alliance Group Inc
Full Alliance Group Inc has released news suggesting they have acquired huge assets from Grupo Richard. Previously they announced the same thing under the ticker symbol BHGI but the deal fell through citing geopolitical reasons. FAGI is currently reporting zero revenue, a $2200.00 cosmetics company for assets, with approx. $500k in debt after 3+ years of operation.
Outstanding: 40.7M (as of Jan 25 2018)
Issued and outstanding is 40,386,330
Free trading is 12,379,888.
FAGI is also one of the Very Few companies that has come off the Grey Sheets.
Current OTCM Tier Level: Current
Riedel Report Valuation of Full Alliance:
By my calculations. 286.1M divided by the OS of 35M gives a Book Value of: $8.17/Share
Update: As of Jan 25 2018, Realistically FAGI is only worth its value as a shell company which is $1.5M - 500K in debt = $1m/41M shares approx or .024/share. Dilution ongoing due to debt converting at 0.0025/share with zero new assets reported since 2014. There is NO EVIDENCE the Riedel Report above (Created in 2016 for BHGI) was based on verified numbers, only information supplied by Grupo and BHGI therefore it is not a useable report also as evidenced by the market response to it.
Full Alliance Group, Inc. Highlights Expansion Opportunities Following Deal to Acquire Custom Software Developer Kelevra Digital Solutions.
LOS ANGELES, CA / ACCESSWIRE / April 12, 2018 / Full Alliance Group, Inc. (OTC PINK: FAGI), a holding company, today provided this discussion regarding the Company's recently announced agreement to acquire Kelevra Digital Solutions, S.A. de C.V. ("Kelevra").
Kelevra provides unparalleled custom software development, web development, and mobile application development to a rapidly growing client list including many small to mid-size companies, and two Mexican subsidiaries of multi-national Fortune Global 500 ranked companies in the automotive and professional services industries. The company currently has over 15 individual software development projects underway for clients.
Based in central Mexico City, over the last two years Kelevra has successfully expanded from start-up to a complete development team of eight senior core programmers and a complement of up to 30 contract programmers. During each of the last two years, Kelevra has organically doubled its revenues over the previous year without formal marketing. Kelevra is projecting similar growth in 2018, potentially matching last year's revenue in only four months following the acquisition
The Company anticipates providing Kelevra with access to additional funding to further accelerate their growth through expansion and development of the programming force, new marketing and business development initiatives, strategic partnerships, and the potential opening of satellite offices in various international markets. The Company believes this will position Kelevra to grow significantly within the domestic Mexican software market and take advantage of potentially lucrative international opportunities by leveraging the relatively low-cost to operate a world-class team in Mexico City.
Full Alliance Group recently entered into an agreement to acquire up to 99% of Kelevra, including substantially all operations, technologies, and intellectual properties, in exchange for a combination of cash and stock. Upon completion of the proposed acquisition, Kelevra will operate as a subsidiary of the Full Alliance Group. The proposed acquisition is subject to customary conditions such as satisfactory completion of due diligence and regulatory approvals expected to take 60 days or less.
Full Alliance Group anticipates making several further announcements regarding the Kelevra acquisition as the due diligence process moves forward.
Chairman / CEO
Full Alliance Group, Inc. Enters Agreement to Acquire Mexican Fintech and Custom Software Developer Kelevra Digital Solutions
LOS ANGELES, CA / ACCESSWIRE / April 5, 2018 / Full Alliance Group, Inc. (OTC PINK: FAGI), a holding company, is pleased to announce that the Company has entered into an Agreement to acquire Kelevra Digital Solutions, S.A. de C.V. ("Kelevra"), a Mexico City-based custom software technology developer.
Kelevra's management team and experienced programmers/developers have conducted extensive operations within Mexico and have completed numerous custom software development projects for a diverse and growing client list which includes several multi-national corporations.
Full Alliance Group executives are very excited about the acquisition of these valuable assets, their growth potential, and their considerable synergies with other Full Alliance Group companies, particularly Kelevra's experience and success within the financial technologies (fintech) sector.
Under terms of the Agreement, Full Alliance Group may acquire up to 99% of Kelevra, including substantially all operations, technologies, and intellectual properties, in exchange for a combination of cash and stock. Upon completion of the proposed acquisition, Kelevra will operate as a subsidiary of the Company. The proposed acquisition is subject to customary conditions such as satisfactory completion of due diligence and regulatory approvals expected to take 60 days or less.
Full Alliance Group anticipates making several further announcements regarding the Kelevra acquisition as the current due diligence process moves forward.
Chairman / CEO
Full Alliance Group Inc. (OTCPK: FAGI) Releases A Letter from Ramon Richard, CEO of Grupo Richard.
Los Angeles, CA -- January 10, 2018 -- InvestorsHub NewsWire
With the objective of making the collection and payment of taxes more efficient, transparent and expedited for its citizens, On Comercio CEO, Ramon Richard states: "On Comercio will begin a pilot program in the Mexican state of Sinaloa in 2018with a subsequent rollout to other states." The first phase of transactions to be processed via the On Comercio platform includes motor vehicle related transactions, drivers licenses, registration related charges, letters of no criminal records, birth certificates, and property taxes, etc.
On Comercio is facilitating payments via its mobile and agile platforms and will be available in government offices and other conveniently located establishments to maximize the number of people who can take advantage of On Comercio's services. All transactions processed via the On Comercio platform are cost free to users.
In addition, On Comercio management is already in negotiations with other states and municipalities to be incorporated as a platform to handle the collections and payments of other various government agencies and services such as water, gas, electricity, and the recharge of cell phone minutes. Mexico's population was over 123 million in 2017, making it the 11th most populous nation in the world. Mexico also has the world's largest Spanish-speaking population, and is the second most populous nation in Latin America.
CEO / Grupo Richard
Accounting Firm: BDO International