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Last Post: 3/5/2021 4:51:59 PM - Followers: 17 - 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
#1102   RNWR reddit board https://www.reddit.com/r/pennystocks/comments/lyfncl/rnwr_ev_r Penny chatter 03/05/21 04:51:59 PM
#1101   It's old. Ihub glitch Penny chatter 03/04/21 02:24:00 PM
#1100   Bad news? Redandjuicy 03/04/21 02:23:08 PM
#1099   Description change https://twitter.com/Goldbarstocks/status/136753824102554829 Penny chatter 03/04/21 01:17:35 PM
#1098   Folks have been WAITING Penny chatter 03/03/21 07:30:31 AM
#1097   The golden bull is coming Microandgains 03/02/21 10:46:43 AM
#1096   No pumps needed here Penny chatter 02/13/21 03:33:58 AM
#1095   Np. Lot of shit being pumped rn. This TiptopRR 02/12/21 11:32:19 PM
#1094   Thanks TipTop metslinger61 02/12/21 08:07:48 PM
#1093   Thanks Pacman metslinger61 02/12/21 08:06:30 PM
#1092   Updates coming!! https://twitter.com/Champ0308/status/1360343177971048454?s=19 Penny chatter 02/12/21 04:51:42 PM
#1091   This went from .04c to .74c in a pacman181 02/12/21 01:52:36 PM
#1090   Some things can't be pumped like products and Penny chatter 02/12/21 12:11:31 PM
#1089   He said documents coming within a month. The TiptopRR 02/12/21 12:03:24 PM
#1088   Peeps also PUMP a lot of crap...buddy gave metslinger61 02/12/21 12:00:58 PM
#1087   Timing is everything. Folks buy dips abd sell rips Penny chatter 02/12/21 11:55:03 AM
#1086   Good answer..while the PPS is down 40% from metslinger61 02/12/21 11:54:03 AM
#1085   Patience Penny chatter 02/12/21 11:03:10 AM
#1084   Very quiet here! PPS going down but filings metslinger61 02/12/21 11:00:56 AM
#1083   Ss is tiny here as the ceo builds Penny chatter 02/08/21 10:16:39 PM
#1082   Everything retired and restricted. 48 mil unrestricted this TiptopRR 02/08/21 06:55:39 PM
#1081   Yea you're probably right moved my order back TiptopRR 02/08/21 06:53:49 PM
#1080   That’s modest Microandgains 02/08/21 06:49:28 PM
#1079   Seriously - It’s a gift to be in Microandgains 02/08/21 06:48:52 PM
#1078   Shares locked at $30. See ya'll there TiptopRR 02/08/21 06:48:15 PM
#1077   He wasn't joking when he said multiple businesses TiptopRR 02/08/21 06:47:23 PM
#1076   CONFIRMATION LEVEL: MULTI DOLLAR IMMINENT https://twitter.com/champ0308/status/ Microandgains 02/08/21 06:31:21 PM
#1075   New #DD https://twitter.com/Goldbarstocks/status/1358156798780399620?s=19 Penny chatter 02/06/21 03:54:30 PM
#1074   Only the beginning here....this is...unlike anything I’ve seen Microandgains 02/05/21 10:14:22 PM
#1073   Think it's just starting tbh Penny chatter 02/05/21 09:57:52 PM
#1072   Unreal where this went this week, this CEO Microandgains 02/05/21 07:37:15 PM
#1071   https://twitter.com/Champ0308/status/1357741131803598854?s=19 Penny chatter 02/05/21 12:25:07 PM
#1070   It's coming "soon" straight from the CEO's lips, TiptopRR 02/05/21 12:05:32 PM
#1069   Verified profile today on OTC Markets :) olico ™ 02/05/21 11:59:14 AM
#1068   This ceo is not playing fair. https://twitter.com/Champ0308/status/1357698773816 Penny chatter 02/05/21 09:43:32 AM
#1067   More confirmation on this one https://twitter.com/Goldbarstocks/status/135764342 Penny chatter 02/05/21 06:09:54 AM
#1066   Shell has no debt here which is insane Shmoney1 02/04/21 11:12:24 PM
#1065   Ceo keeos pumping out these business deals one Penny chatter 02/04/21 11:08:52 PM
#1064   I think something big coming here soon Penny chatter 02/04/21 11:02:07 PM
#1063   Billions this ceo is playing with. On watch here! Shmoney1 02/04/21 11:00:24 PM
#1062   There's big money here and this ceo is Penny chatter 02/04/21 10:59:00 PM
#1061   Once the news get's out it could get Penny chatter 02/04/21 10:53:56 PM
#1060   Real low floater here too. The ceo cancelled Shmoney1 02/04/21 10:50:30 PM
#1059   Been watching this one quietly and I'm pretty Shmoney1 02/04/21 10:45:55 PM
#1058   New ceo into auto manufacturing and also the Penny chatter 02/04/21 10:40:22 PM
#1057   This one is sliding under the radar imo Penny chatter 02/04/21 10:38:00 PM
#1056   Insane this ceo is in the otc going Shmoney1 02/04/21 10:35:48 PM
#1055   This one is very interesting here with this Shmoney1 02/04/21 10:32:57 PM
#1054   Cool Penny chatter 02/04/21 09:17:51 PM
#1053   Naw was just answering a question from someone RiseandShine 02/04/21 07:56:00 PM
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