is now The Share TV Beverly Hills CA, June 01, 2018 (GLOBE NEWSWIRE) -- TheShare TV, LLC a wholly owned subsidiary of publicly-held MC Endeavors, Inc. (OTC Pink: MSMY) is pleased to announce that it has signed and executed a Share Exchange Agreement with Megola, Inc. (OTC Pink: MGON) as part of a reverse takeover or “RTO” transaction. Subject to regulatory approval and the fulfillment of contractual obligations, if successful, the merged company will continue to operate as Megola, Inc. dba TheShare TV.
International Venture Society’s CEO Kelani Long stated, “I am very excited about the leadership, direction, and mission of TheShare TV, LLC and we have confidence the RTO could provide success in terms of shareholder value”. She continued, “IVS will continue to work to discharge the duties of the court-appointed custodian in an expeditious manner”.
The newly merged company will also seek to become current with its reporting obligations to OTC Markets and will proceed to the possibility of removing the “stop” status on the OTC marketplace. The leadership of MC Endeavors, Inc. will support the merged company with compliance guidance. Upon successful completion of the transaction, MC Endeavors, Inc. Chief Executive Officer, John Stippick will be appointed CEO and also be named the Director of the combined company. Ultimately, the company will seek to petition FINRA for a name and symbol change, although no assurances that any such proposed corporate action will in fact be approved.
CEO, John Stippick adds, “The successful merger of TheShare TV, LLC into Megola, Inc. is the consummation of the first part of the MC Endeavor, Inc./ Room 21 Media strategy. Over the coming months, Room 21 Media will demonstrate its unique and valuable technology assets through TheShare TV subsidiary which will serve as a prototype for entry into additional markets such as Healthcare, Entertainment, and Industrial Business. Furthermore, I want to thank our original MSMY shareholders for their vote of confidence in our strategy and we look forward to releasing details about the distribution of shares which are a net result of this RTO. We will be consulting with our legal on the best way to handle this item. Once again, MC Endeavors, Inc/Room 21 Media will seek to utilize its valuable Room 21 Platform™ technology platform to enable its subsidiaries to grow and penetrate emerging growth markets.”
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