Tulsa, OK -- August 5, 2020 -- InvestorsHub NewsWire -- Success Entertainment Group International, Inc. (OTCQB: SEGN), a/k/a Renavotio, Inc. ("RI") (the "Company") announced today that internationally-recognized businessman, veteran entrepreneur and original Shark Tank investor Kevin Harrington, has joined its Advisory Board.
On August 3, 2020, Success Entertainment Group International, Inc. (OTCQB: SEGN), a/k/a Renavotio, Inc. (“RI”) (the “Company” or “Buyer”), entered into a binding letter of intent (“LOI”) with to acquire the medical infrastructure company PPE Solutions Group, LLC (“PPE”), a Wyoming limited liability company based in New Jersey.
The LOI provides for Buyer shall acquire 100% of the Equity Interests of the Company for an aggregate purchase price of Two Million US Dollars, ($2,000,000.00), subject to adjustment based on Buyer’s due diligence review, any third party valuation reports of the Company that Buyer may obtain and any adjustment terms set forth in the Definitive Agreement (the “Purchase Price”), with the intent to operate the Company as a wholly-owned subsidiary of Buyer. The Purchase Price shall be paid as follows: subject to adjustment, (i) Million Dollars, ($2,000,000.00) worth of Success Entertainment Group International, Inc., (“OTC:SEGN”) common stock, calculated at $.07 a share or the closing price the day of the close whichever is higher (“Stock Consideration”).
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