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Tuesday, November 26, 2019 11:00:20 PM
Sports Venues has purchased 100% of the shares of LYSN, Inc., valued at $5,500,000 in exchange for 440,000 shares of its common stock valued at $12.50 per share. LYSN, Inc., has become a wholly owned subsidiary with John V. Whitman Jr., its sole director and Shane Jones, LYSN founder, to remain as the company’s President and Chief Operating Officer.
John V. Whitman Jr., CEO/President of Sports Venues of Florida, Inc., said, “We could not be more excited. Shane Jones founder of LYSN has established contractual relationships with dozens of school boards across the United States. LYSN’s business is expected to produce revenues that exceed $20,000,000 within the first 14-months. This business is a perfect fit with our business model and will blend seamlessly with a series of planned subsidiary acquisitions and startups that will all support Sports Venues core business.”
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