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$TVOG Turner Enters into Acquisition Agreement for Operating Bitumen Tanker Assets

Source: InvestorsHub NewsWire




The Company prepares to take advantage of proposed bipartisan $1 Trillion U.S. Federal infrastructure modernization plan

HOUSTON, TX -- March 15, 2017 -- InvestorsHub NewsWire -- Turner Valley Oil and Gas, Inc. (the "Company") ("Turner") (OTC: TVOG), pending name change to Turner Venture Group, Inc., is pleased to announce that it has reached an agreement ("Acquisition Agreement") to acquire the operating, profitable assets of an international bitumen tanker shipping company ("Shipping Company") focused on the commercial transportation of bitumen/asphalt products worldwide used in paving roads and highways.

Acquisition Highlights:

The assets being acquired from the Shipping Company are specializing in petroleum products and dry bulk commodities distribution which has experienced a recent downcycle creating industry distress and special situation opportunities.
Commodity prices are expected to rise again in the coming years and the Company expects strong upside potential from growing global infrastructure demand for bitumen/asphalt products.
Turner is working with a full service investment bank which will be disclosed in a subsequent filing to acquire the assets and control of a highly specialized fleet of 5 (five) bitumen oil tankers with an average fleet age of 8 years and an approximate fleet value of $28,000,000 (Twenty Eight Million).
The assets being acquired are being audited by Turner where initial numbers from annual operating revenues for 2016 are estimated at $14,000,000 (Fourteen Million), with an estimated 2016 EBITDA of $1,100,000 (One Million, One Hundred Thousand).
Transaction

Under the terms of the Acquisition Agreement, Turner will acquire the assets included herein of the existing Shipping Company in an all equity transaction involving the issuance of Preferred Shares of the Company, thus limiting dilution.

Turner and the investment bank believe that these assets can be operated more efficiently than the previous company was able to accomplish, and acquiring their assets at attractive valuations will provide a competitive advantage. Turner is in discussions with prospective executives and board members with experience in international shipping to join Turner's management team to run this new Turner subsidiary.

Upon completion of the Acquisition, the new Shipping Company will be a wholly owned subsidiary of Turner. A bitumen tanker company website with complete details and information about the new venture will be revealed soon.

Management Comments

Steve Helm, CEO of Turner Venture Group, Inc. stated, "World asphalt supply and demand is expected to grow exponentially by 2020. With the White House's recent proposal of $1 Trillion infrastructure investment in the United States, we are excited for the opportunity to capitalize on the dynamics of the shipping industry and build value for Turner shareholders during a time where asphalt trade is expected to rise both regionally and globally."

Mr. Helm continued, "The current U.S. administration has pledged to build new roads, highways and bridges across the country. Recent Energy Administration data shows that the U.S. will require 63% more asphalt than it consumes now just to pave roads at the rate it was at 10 years ago. As a result of this initiative, asphalt demand is expected to increase well beyond that level in the next 2-4 years, which makes the steady supply of bitumen so crucial to making the improving of America's roads a success."

Growth Plan

To further take advantage of this, the new Shipping Company, with backing from the investment bank, is actively pursuing the acquisition of more bitumen tanker supply vessels. The Company believes there is a solid plan and method of procuring more tankers that allow Turner to obtain the new transportation vessels at discounted valuations directly from other commercial banks.

Completion of the Acquisition is subject to a number of conditions including completion by the Company of the audits and SEC filings. Additional asset details, the investment bank and other important updates will be announced to shareholders as they are permissible via the Company's website, SEC & OTC Filings and Press Announcements. Prospective investors and shareholders can subscribe to corporate newsletter and download one corporate one pager by visiting the Company's investor page: http://turnerventuregroup.com/signup/

About Turner Valley Oil and Gas, Inc.

Turner Valley Oil and Gas, Inc. (pending name change to Turner Venture Group, Inc.) (OTC: TVOG) is a business holding company, with a historical focus on energy related holdings. The Company's acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the real assets, energy, infrastructure, hemp, enterprise technology, food and beverage, and manufacturing segments.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

Website: http://turnerventuregroup.com/
OTC Markets Profile: http://www.otcmarkets.com/stock/TVOG/profile
Full Disclaimer here: http://turnerventuregroup.com/disclaimer/



CONTACT: Steve Helm, CEO, Email: [e-mail] or Matt Kochendorfer, IR Director, Email: [e-mail]

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$IMTV Imagination TV, Inc. Corporate Update

Source: InvestorsHub NewsWire
To our shareholders,

First, I would like to thank all shareholders for your support. Bringing this company back from the “dead” has been no easy task. There have been many hurdles we have faced and overcome & more we will face and continue to overcome, in the future. I am pleased to report that as of yesterday, Wednesday March 15, 2017, we have submitted all the documents required to bring Imagination TV to a status of current, pending OTCMarkets.com review.

We are ready to begin moving to the next phase of Imagination TV’s “re-birth”. We have started to lay the foundation, which will transform Imagination TV into an innovative, revenue & profit producing company providing longevity, transparency and shareholder value.

Imagination TV’s business model has always been a combination of technology and entertainment. We will be keeping the core of this business model intact although we will be heavily incorporating one of the hottest & fastest growing sectors in the market. We fully expect to finalize this new business model within the next 7-10 days, or sooner and will be releasing a full press release and detailed business plan to the public.

Successfully operating a public company is twofold; there is the business model & successful execution of that business model and then there is public infrastructure & cap structure; both elements are extremely important. For this reason, I have begun taking the necessary action to accomplish the following:
- Working to restructure the company’s cap structure
- Bringing on a full-time management team
- Adding new board members
- Building a solid asset base
- Beginning to generate revenue
- Remaining transparent with our current and prospective shareholders
- Focusing on building new subsidiaries

I am of the belief that hard work and smart business will breed success. To that end, I have made it a point to not take a salary from the company nor do I plan on doing so during this entire transition period. Moving forward, any capital expenditures, albeit for new management, funding options, or any new ventures that the company gets involved with will be directed toward corporate growth, not over-inflated salaries or wasted spending.

Once again, I want to thank everyone for their continued support.

Regards,
Joseph S Sirianni
Imagination TV, Inc.

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

Contact:
Email: [e-mail]
Phone: [phone]

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19 charts/ 19 reasons to trade:

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3) TMPS - Awarded 24.4 Million Dollar Contract To Provide USNORTHCOM With ISR Aerial Platform Support https://vimeo.com/135063791


4) WRFX - full Swantry app launch date of April 17


5)VNUE-forthcoming live music consumer app, anticipated $20-30M first full year after rollout.


6) TVOG - Merger/Acquisition play


7) IMMA - acquisition play -The #1 Vacation Rental and Homestay site in the Philippines! http://www.stopsleepgo.com/


8) NOXL - name change to Biochar Now, Inc. on NV SOS 100 mil AS http://www.biocharnow.com


9) EQLB - in 7-11 now. big distribution deal inked - equity partner Timbaland - national roll out of last shot© Energy drink.


10) LBRG - 19 filing in 2 days getting current after 5years 21m float. Chinese merger play


11) WEYL - pps estimated value $15 - http://createappeuropa.com hot mobile app business. Millions in revenue and profit 16.8 mil o/s


12) SIPC - Major Hemp play http://sippindustries.com/


13) ITKH - $15m credit line. acquisition play


14) YIPI - partnered up with GSAT who trades on NYSE -


15) PMCB - Cell-in-a-Box® technology,


16) GSAT- recent FCC approval of TLPS - may partner with sprint


17) FROT waiting on news


18) IMTV - new MJ play


19) ECOS recent 8k - $5m deal with big waste recycling company