PHI Group Inc (PHIL)

[MasterFeldan]

REPOST OF THE GLINK / SPBV MERGER

New York, June 02, 2021 (GLOBE NEWSWIRE) -- Sports Pouch Beverage Company, Inc., a Nevada corporation, (Other OTC: SPBV) today announced that the Company had signed a Corporate Combination Agreement with Glink Apps International, Inc., a Wyoming corporation (“GLINK”), whereby GLINK shareholders would exchange all of the issued and outstanding shares of GLINK for 91,082,073 shares of new SPBV common stock following a 500-for-1 reverse stock split of the current SPBV common shares. The Corporate Combination Agreement was approved by a majority of the shareholders of SPBV and the unanimous vote of its Board of Directors.

As part of the Corporate Combination Agreement, SPBV has changed its corporate name to “Glink Arts Global Group, Inc.” and is filing a Corporate Action Notice with FINRA to effectuate the afore-mentioned reverse split and apply for a new trading symbol.

KEY DATES

Declaration Date - 6/2/2021
Record Date - 6/24/2021
Effective Date - 6/25/2021
Payment Date - 6/25/2021

No SPBV shareholder will be reversed below 100 shares of the New Common Stock. PHIL currently owns 43% of SPBV and is expected to received 5,000,000 of the New Common Stock