Press Release
FOR IMMEDIATE RELEASE
For more information contact
Christopher Kimberlin, CEO,
My Social Income, Inc.
480-559-4300
chris@ckventureconsulting.com
My Social Income, Inc. Expands on its Managing Partner Program as part Of its business plan and corporate mission Enhances Net Stock Holder Equity
(Irvine, California, Feb. 21, 2017)
My Social Income, Inc. ("MSOA") (OTC: MSOA) CEO Christopher Kimberlin is excited to share
in more detail its previously mentioned “Managing Partner Program” which we believe is
unique and will lead to increased revenue as well as expansion of business locations for
businesses acquired by MSOA.
My Social Income, Inc., (MSOA) updated business plan:
Executive Summary
Based in Irvine, CA, My Social Income, Inc. (“MSOA”), was formerly a communications
company, but recently has dropped the pursuit of telecom customers and has changed its business
strategy to become a holding company to acquire and develop subsidiaries. Management has
developed a new business plan whereby MSOA will acquire small but profitable businesses through
the issuance of convertible preferred stock or cash. Each of these acquisitions will function as a
standalone subsidiary within MSOA. Each will have its own P&L statement and Balance Sheet with
MSOA acting as a parent corporation. During the acquisition or soon after, MSOA may install a
Managing Partner to oversee the day to day operations of the subsidiary.
Highlights
The Managing Partner Concept
The Managing Partner concept is unique and will provide significant cash flow to MSOA along
with an exit strategy for the subsidiary that is acquired by MSOA. Not all acquisitions will utilize
the managing partner concept but many will. The proposed managing partner will buy into the
acquired subsidiary for 20% of its purchase price. The managing partner will share in the profits of
the subsidiary at a rate to 20% per annum which will be paid to them in the form of a bonus and
earn a competitive salary for managing the subsidiary. Over the period of five years, the managing
partner may elect to purchase the subsidiary from MSOA using their share of the profits. At the end
of the five-year term, the managing partner may then purchase the subsidiary in full based on its
current market value. If the managing partner elects not to purchase the subsidiary, MSOA may spin
it off and sell it on the open market based on its market value. The managing partner also has the
option to cancel their commitment to the subsidiary if, within one year, they notify MSOA. The
managing partner would be entitled to a full refund of their 20% buy in, after a 90-day notice period
which allows MSOA to acquire a replacement managing partner. This concept drives annual profit
and can create a major financial gain if brought to fruition.
Description of Business
Mission Statement:
About MSOA
Based in Irvine, California, My Social Income, Inc. (“MSOA”), intends to become a holding
company to acquire and develop subsidiaries and has developed a business plan of operations to
acquire small but profitable businesses through the issuance of convertible preferred stock or cash.
Each of these acquisitions will function as a standalone subsidiary within MSOA. Each will have its
own P&L statement and balance sheet, with MSOA acting as a parent corporation, while allowing
Managing Partners to continue the growth and operations of the subsidiary. The ultimate end goal
will be to acquire $4,000,000 in assets to enable the company to trade on the NYSE Marketplace
Exchange.
Company Ownership/Legal Entity
My Social Income, Inc. is a C Corporation publicly traded as OTCPK: MSOA. The name will be
changed soon to more accurately reflect on our new mission.
Company History
Founded in 1997 as InteleCom, Inc. MSI offered a wide array of communication services. With the
appointment of new Chief Executive Officer, Christopher Kimberlin, the company is taking a new
direction in its journey to the NYSE Marketplace Exchange. Mr. Kimberlin was appointed to be
CEO on October 13th 2016 and his vision is to take this company to the NYSE Marketplace
Exchange within six months to one year, at the most.
Important strengths and core competencies
The most important strength MSOA possesses is our business model. MSOA seeks to become a
“mini Berkshire Hathaway”, acquiring profitable private companies and folding them into MSOA.
In short, we are buying assets with preferred stock or cash. MSOA also has something extra, the
Managing Partner Program. As explained previously, this program allows a Managing Partner to
own a business with a fraction of the funds required to buy one. The proposed managing partner
will buy into the acquired subsidiary for 20% of its purchase price. The managing partner will share
in the profits of the subsidiary at a rate to 20% per annum which will be paid to them in the form of
a bonus and earn a salary for managing the subsidiary. Over the period of five years, the managing
partner may elect to purchase the subsidiary from MSOA using their share of the profits. At the end
of the five-year term, the managing partner may then purchase the subsidiary in full based on its
current market value. If the managing partner elects not to purchase the subsidiary, MSOA may
retain the entity or spin it off and sell it on the open market based on its market value. The
managing partner also has the option to cancel their commitment to the subsidiary if, within one
year, they notify MSOA. The managing partner would be entitled to a full refund of their 20% buy
in, after a 90-day notice period which allows MSOA to acquire a replacement managing partner.
Funds acquired from the managing partner program will provide MSOA with the liquid cash
necessary to acquire larger companies with more significant assets and cash flows in the future.
Challenges MSOA Faces Now and in the Near Future Identifying and making acquisitions is at the forefront of MSOA short term goals. With our new CEO, Christopher Kimberlin and his expertise in this endeavor MSOA is uniquely positioned to take advantage of Mr. Kimberlin’s expertise in acquiring and turning companies around and making them more profitable in a short period of time. He is a believer in “bootstrapping” business by
making them grow with as little debt involved as possible.
Why our Model Will Work
Because it has worked in the past for others who have tried it. Two different approaches will be
used when it comes to acquisitions. MSOA will acquire healthy companies with significant cash
flow. It will also buy distressed entities in need of restructuring that will become profitable once the
restructuring takes place. The net result will be large heterogeneous companies composed of
separate verticals that when combined together will create a massive profit making operation. Not
to mention the Managing Partner program, which will both fund MSOA and allow it to find
competent managers of its acquisitions who all will have financial motivation toward profitability.
Mr. Kimberlin, CEO, has experience in the Mergers and Acquisitions space and has lined up more
than 50 private companies who are looking to divest or merge with a larger public company.
Cash Flow- Where the Money Will Come From
Revenue from Acquired Companies
Once MSOA acquires a company through the use of convertible preferred shares or cash, the
acquired company may be run by the incoming Managing Partner. The acquired company’s balance
sheet will be consolidated with MSOA’s. Once the acquisition is complete, MSOA will then take
control of the company’s bank account and cash flows. At this point the cash flows become part of
MSOA’s income statement as well.
Managing Partner Funds
Upon most acquisitions, a Managing Partner will be brought in. The managing partner will invest
20% of the purchase price to become the managing partner and to share in 20% of the profits. The
managing partner will also draw a salary to run the business. Each acquired business with a
managing partner will have a five-year exit plan. The managing partner may choose to use their
20% share to purchase the business they are managing from MSOA at current market value at the
end of the five-year term. They may decide not to buy the business and MSOA may retain or sell
the business on the open market at current market value. In the end, MSOA will realize the profits
of the business for five years, and the sales price of the business at the end of the five-year term of
ownership if sold.
Stock Price Appreciation
As more acquisitions are made, MSOA’s consolidated revenue, that will be reported quarterly,
should increase. Should the stock price move in tandem with earnings, the stock’s price increase
will bring value to shareholders.
Targets for Acquisition
Who MSOA is Looking For
In order for this plan to be successful, MSOA must acquire companies and take them public on a
regular basis. The verticals MSOA management is researching include but are not limited to:
*Bio Medical Companies
*Food Service & Hospitality
*Real Estate (Commercial or Residential)
*IT Consulting & Software Companies
Any business seeking to become part of the MSOA family should have revenue of at least $400,000
gross per year and a business plan to double that in three years’ time. Ideally, prospects would have
been in business for at least two years with auditable double digit revenue growth quarter by
quarter. Managing Partners should be in place, seasoned and ambitious to expand their operations.
MSOA is not looking to buy a business and run it. MSOA is looking to buy businesses and bring in
investing managing partners to run them. Some acquisitions will have experienced management in
place and may not need a managing partner but most will.
Current Management
MSOA Executive Bio
MSOA Chief Executive Officer Christopher Kimberlin was born in Los Angeles,
CA and raised in Southwest Ohio. After graduating from college with a B.A.’s in International
Relations and Economics he began his work in the Banking industry. Eventually he transitioned into
Real Estate and owned several successful businesses in this industry for 15 years. During this time
period he also returned to school and earned his Master in Business Administration (M.B.A.) with a
concentration in Entrepreneurship. For the past 8 years he has been involved in turnaround
management consulting and small and medium sized business sales and mergers and acquisitions.
Summary
Although we still have a lot of hard work ahead, the leadership of MSOA is excited about the
opportunities that lie ahead of us in the next year and the next decade. We believe our strategic
repositioning enables us to take advantage of opportunities for short to medium-term cash flow
while transitioning ourselves into a holding Company to acquire and develop wholly owned
subsidiaries. As we continue to execute on our plan, we believe incredible opportunities lie ahead
for us, for our employees, our partners and our shareholders.
ABOUT MY SOCIAL INCOME, INC.
MSOA is 19 year old company that has been in the telecommunications business for many years. As of the
present quarter, it will no longer be in the telecom industry and intends to become a holding company to acquire and develop wholly owned subsidiaries.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon
assumptions that in the future may prove not to have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.
Statements contained in this release that are not historical facts may be deemed to be forward-looking statements.Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Christopher Kimberlin, CEO, My Social Income, Inc.
480-559-4300
chris@ckventureconsulting.com
www.ckventureconsulting.com
