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Last Post: 10/21/2019 10:21:24 PM - Followers: 10 - Board type: Free - Posts Today: 0

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.


Caleb Bacon


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, Black Light Run, Foam Glow, and Black Light Slide. The brands owned by Cool Events hosted in excess of 120 events in 2016 and is on track to host 138 events in 2017.

The Cool Event brands generated over $20M in gross revenues for the year ended December 31, 2016. Cool Events is on track to generate north of $22M in revenues in 2017, with projected EBITDA in excess of $2M. Cool Events is reporting gross assets in excess of $4M.  The assets consist primarily of cash, merchandise, and equipment. Estimated liabilities are represented to be no more than $500,000, 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.

The Acquisition of Cool Events is expected to more than quadruple the scope and size of SAKL's operations in 2018. The Letter of Intent outlines a transaction that contemplates the issuance of a secured promissory note for $5M and the issuance of restricted Series A Preferred Stock with a face value of $9,725,400.  The transaction also calls for the transfer of certain common and others shares to be transferred to the owners of Cool Events.  The Letter of Intent further calls for the appointment of William Spata to the position of CEO and Director, as well as the appointment of Brogg Sterrett as an Executive Vice President of Operations and Director.

CEO of SAKL, Richard Surber, commented, "The proposed transaction, if consummated, will be a game changer for shareholders of SAKL. Based upon the initial proposed schedule of events for all brands coupled with the operational infrastructure and marketing model that is expected to be deployed for the 2018 season, we could very realistically be looking at the event subsidiaries generating upwards of $40M in gross revenues, with EBITDA exceeding $5M by the end of 2018.  We have been working closely with Cool Events for nearly a year at this point. Over this time, I feel that we have established a rapport with the Cool Events team that will be invaluable in moving this transaction to fruition. I am ecstatic over the prospects of this combination."

William Spata, CEO of Cool Events, commented, “I have a high-level confidence that Cool Events coupled with the current Sack Lunch brands can 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, not only with our events, but also at several of The Lantern Fest® events that have doubled or in one instance tripled the number of participants, in part to our digital ad efforts.”

As you can see from the above news, Cool Events does Digital Ad Work for Companies like $SAKL in addition to their own events.....It would not be a big surprise to me to see Cool Events take over some of $Sakl Events at some point in the future as these 2 companies continue to have business dealings together. 

Over 60 Terrain events alone this year people..... huge revenues from this Terrain event by itself....never mind the other 6-7 events they have... https://twitter.com/michaelsauve3/status/1096980335294926848?s=21

They have separate pages on Twitter and Facebook for all of their events.....with over a million followers!

At $30 mininum per person, you are looking at potentially well over $45mil in revenues if 1.5ml people participated their events this year!

They have close to 2 million email addresses of their past participants...Once they get the new name of the company and ticker changed, they can easily contact these potential investors and spread the word that they are now public!


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RNWR News: Termination of Registration of a Class of Security Under Section 13 and 15(d) (15-15d) 10/23/2018 05:00:41 PM
RNWR News: Current Report Filing (8-k) 10/23/2018 04:59:05 PM
RNWR News: Current Report Filing (8-k) 10/22/2018 05:12:31 PM
RNWR News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/17/2016 06:04:28 AM
RNWR News: Annual Report (10-k) 04/22/2016 06:02:21 AM
#438  Sticky Note I have decided to become a Mod on Ricosauve 02/28/19 12:10:41 AM
#814   On the holidays for the last 2 weeks pacman181 10/21/19 10:21:24 PM
#813   Who is this f%$^&# c*%^ su%^#@! who keeps Uboat 10/21/19 03:22:53 PM
#812   That was one weird trading day for sure Ricosauve 10/16/19 08:54:12 PM
#811   I think patience will pay off big here Uboat 10/16/19 05:46:58 PM
#810   There is a battle between the buyer and Uboat 10/16/19 05:46:15 PM
#809   I am hearing-- he is bringing in a Uboat 10/16/19 09:12:36 AM
#808   Hopefully next week news.. pacman181 10/10/19 02:20:04 PM
#807   The Bossman is pretty crafty and fairly well Ricosauve 10/09/19 07:19:32 PM
#806   and.. we wait-- lol Uboat 10/07/19 03:29:47 PM
#805   All quiet.. untill the news pacman181 10/07/19 03:00:50 PM
#804   C'mon Billy Boi!!!! Let's rolllllllll Uboat 10/01/19 07:20:03 PM
#803   Nice— I am prepared to add and hold Uboat 09/29/19 07:40:23 AM
#802   My opinion really should not count for much. judgeybrown 09/28/19 03:40:59 PM
#801   What is your opinion of the bots/algo trading dazetrader 09/28/19 02:31:28 PM
#800   Glad to have u ur honor!!! U got Uboat 09/27/19 07:27:58 PM
#799   Current Cdel is a bot. Just fyi. I judgeybrown 09/27/19 03:59:38 PM
#798   And buying. . pacman181 09/27/19 10:20:33 AM
#797   Looks like selling has dried up here--- Uboat 09/26/19 01:36:45 PM
#796   I sold a bunch....but I still have my Ricosauve 09/25/19 03:54:38 PM
#795   Yeah this could be very explosive..like the action pacman181 09/25/19 02:40:34 PM
#794   RNWR-- I am guessing you sold. Thanks for Uboat 09/25/19 02:19:15 PM
#793   0.03 / 0.046 (1 x 1) Uboat 09/25/19 02:03:21 PM
#792   The bid/ask spread is always attractive and though judgeybrown 09/25/19 10:03:27 AM
#791   RNWR-----If they treat this ticker like they treated Uboat 09/25/19 09:41:54 AM
#790   I dont have much to add. Sounds judgeybrown 09/25/19 08:19:00 AM
#789   Peeps need to hit the Ask if they pacman181 09/24/19 12:52:34 PM
#788   We got it good-- This goes up on Uboat 09/24/19 11:39:42 AM
#787   This should start building nicely ahead of the pacman181 09/24/19 11:27:19 AM
#786   0.0245 / 0.04 Uboat 09/24/19 11:07:12 AM
#785   At least he is talking progress!! Will have Uboat 09/24/19 07:08:59 AM
#784   After hours news release enclosed: dazetrader 09/23/19 11:34:42 PM
#783   It’s nice to see more action on both judgeybrown 09/23/19 03:38:04 PM
#782   CSTI market maker doesn't like how he is dazetrader 09/23/19 03:09:49 PM
#781   .033/ .037 Uboat 09/23/19 03:06:59 PM
#780   "Rise from your grave"--(and save my money) Here Uboat 09/23/19 02:34:10 PM
#779   Big pay day for the patient here. pacman181 09/23/19 11:11:59 AM
#778   I say smart $$$ is buying here. Scooping Uboat 09/23/19 10:24:53 AM
#777   I sent the Bossman an email @ the Uboat 09/23/19 10:06:49 AM
#776   Back to work on this puppy— need some Uboat 09/23/19 07:09:46 AM
#773   https://www.otcmarkets.com/stock/RNWR/overview J King Style 09/21/19 01:50:29 PM
#772   I heard thru the very long grapevine--- Bossung Uboat 09/21/19 01:25:13 PM
#771   NOTHING GOING ON HERE, BUYER BEWARE! NO MERGER! J King Style 09/21/19 12:40:08 PM
#770   Audits are not a cake walk this company skipsvalue 09/21/19 11:52:44 AM
#769   I’m all about that, Pac. And the judgeybrown 09/21/19 11:20:23 AM
#768   There will be a new company merged into pacman181 09/21/19 10:55:33 AM
#767   IT WILL NEVER GET PAID! THIS WILL J King Style 09/21/19 10:15:27 AM
#766   Agree. And, there will still be judgeybrown 09/21/19 09:22:51 AM
#765   Yeah..very disappointing...Bossung will still need to bring a pacman181 09/21/19 03:07:58 AM
#764   Not the best of news, certainly. Really thought judgeybrown 09/20/19 11:20:38 PM
#763   There's no merger coming to this SCAM! J King Style 09/20/19 11:02:11 PM