Upper Street Marketing, Inc. (UPPR)

[iamnottheone]

$UPPR had some really good news a few days ago

Upper Street Marketing Enters into Share Exchange Agreement with Ennoble Progressive Beverage Distribution

SCOTTSDALE, AZ--(Marketwired - March 30, 2017) - Upper Street Marketing, Inc. (OTC PINK: UPPR) announced today that the company entered into a Share Exchange Agreement with Ennoble Progressive Beverage Distribution Inc. ("Ennoble"). Pursuant to the Share Exchange Agreement, Upper Street Marketing issued 54,650,001 shares of common stock to the Ennoble stockholders in exchange for all of the issued and outstanding shares of common stock of Ennoble. Following the share exchange, the Ennoble shareholder hold an aggregate of approximately 74.6% of the issued and outstanding shares of common stock of Upper Street Marketing, and Ennoble is a wholly owned subsidiary of Upper Street Marketing. Ennoble is an adult beverage company which distributes Franks Red Hot Bloody Mary.

In conjunction with the share exchange, Upper Street Marketing, Ennoble and the stockholders of Ennoble entered into an Escrow Agreement, pursuant to which all stock certificates representing the shares of common stock the subject of the Share Exchange Agreement are held in escrow, subject to Upper Street Marketing being able to be audited under U.S. GAAP not later than June 25, 2017, and all issued and outstanding securities of Upper Street Marketing, not including the 54,650,001 shares of common stock issued under the Share Exchange Agreement or 18,581,400 shares of common stock of Upper Street Marketing issued and outstanding immediately prior to the Share Exchange Agreement, being canceled or repurchased by Upper Street Marketing not later than June 25, 2017. If such conditions are not met, the Escrow Agreement provides that all stock certificates shall be returned to their respective owners prior to the Share Exchange Agreement, effectively terminating the Share Exchange Agreement.

https://finance.yahoo.com/news/upper-street-marketing-enters-share-171250918.html