Do we still have a deal with launch TV??
Success Holding Group International and Freedom Energy Holdings Announces Acquisition of Majority Ownership of Launch TV
2014-12-19, 10:05 AM
FORT WAYNE, IN -- (Marketwired) -- 12/19/14 -- Success Holdings Group International (OTCQB: SHGT) and Freedom Energy Holdings, Inc. (OTC PINK: FDMF) today announced acquisition of the majority ownership of Launch TV Network Company, a Virginia corporation, previously the wholly owned subsidiary of FDMF ("Launch TV").
SHGT purchased from FDMF 55% of Launch TV for 500,000 SHGT restricted common shares. SHGT shares carry a 24-month lock-up.
SHGT Chairman Steve Chen, commented, "I am extremely excited to bring in our first acquisition of a USA operation. The Launch TV platform perfectly fits our entertainment and video distribution. SHGT is currently seeking/identifying private-public companies in Asia as merger and acquisition candidates. My vision is to have SHGT listed on the Frankfurt and AMEX exchanges in the first half of 2015. This will give SHGT the leverage to acquire more valuable companies throughout Asia and the USA."
Brian Kistler, FDMF's CEO stated, "Eight months ago when I acquired Launch TV I had full intention of introducing Launch TV to Mr. Chen. The timing was not right for SHGT in April of 2014, but now that it has a firm foothold and moving forward with its plans it is a match made in Heaven. The shares of SHGT will be held in the name of FDMF and will be distributed in a stock dividend to the shareholders of FDMF at some point (within the lockup). The date for the dividend is still to be determined but until then will remain an asset of FDMF."
