First Intercontinental Technology, Inc., formerly Rich Cigars, Inc. (OTC Pink: RCGR), (the "Company" or "RCGR"), announced today that effective February 22, 2018, it had re-domiciled from Delaware to Colorado, and changed its name to "Mining Power Group, Inc."
In connection with the change of domicile and name change, the Company has cancelled and unwound the corporate reorganization as published on form 8-K and filed with the Securities and Exchange Commission ("SEC") on December 26, 2017, and filed amended and restated Articles of Incorporation with Colorado, wherein the total quantity of authorized shares of common stock of the Company is one hundred million (100,000,000) shares and the total quantity of authorized shares of preferred stock, designated in three series, is eleven million (11,000,000) shares.
Also, the Company has announced a new corporate headquarters address:
Mining Power Group, Inc.
18851 NE 29th Ave Suite 700
Aventura, FL 33180
The above changes are being filed on form 8-K with the SEC on the date of this release.
Rich Davis, President, stated, "This change in name clearly focuses on the primary business of the Company going forward, which will be our ownership and operation of cryptocurrency mining machines. We are in the process of establishing this business as previously announced, and will have more news on developments as they occur." He added, "In addition, we are continuing our search for new officers and directors, skilled in this area, and also have begun the process of a new corporate action with FINRA in order to change our trading name and stock symbol."
About Mining Power Group, Inc.
Mining Power Group, Inc. was original formed as Rich Cigars, Inc. a Florida corporation, in order to distribute, brand and market tobacco products. As a result of the November 2017 change of control, it became a holding company for new subsidiary operations.
The Company is forming subsidiaries to invest in (1) the development and multinational marketing of the proprietary patent-protected Simple Cork™, and (2) the development of a unique cryptocurrency mining business for Bitcoin and other cryptocurrencies which will operate on a 24/7 basis.
