Champion Pain Care Corp. (fka CPAI)

[easymoneylucy]

$CPAI latest news! Champion Pain Care Corporation Directors and Affiliated Shareholders Enter into a Pledge and Escrow Agreement

http://www.otcmarkets.com/stock/CPAI/news

NEW YORK, NY -- (Marketwired) -- 12/08/16 -- (OTCQB: CPAI) - On December 1, 2016, the Directors and affiliated shareholders of Champion Pain Care Corporation ("Champion", the "Company") entered into a Pledge and Escrow Agreement for a total of over 83 Million shares for the term of the Senior Secured Credit Facility Agreement (the "Credit Facility") entered into on December 1, 2016 and disclosed in a news release and Form 8-K filed by the Company on the SEC website on December 5, 2016.

The Pledge and Escrow Agreement stipulates that these shareholders shall not assign, deal in, pledge, sell, trade or transfer in any manner whatsoever, or agree to do so in the future, any of the shares or any beneficial interest in them on or before all of the obligations under the Credit Facility have been paid in full.

The Company is of the opinion that having the shares of all of the insiders and their affiliates committed to the Pledge and Escrow Agreement will demonstrate to shareholders and potential investors the commitment and confidence that management, directors and affiliated shareholders have in the future of Champion.