sweet merger news $AVOZ Altavoz Entertainment, Inc. Shareholder Update
ROCKVILLE, Md., Dec. 06, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- Altavoz Entertainment, Inc. (OTC: AVOZ) (the “Company”) has signed a memorandum of understanding (MOU) with Nurish.Me, LLC for a merger of the companies. Under the terms of the merger, Altavoz will issue preferred shares to the holders of Nurish.Me’s interests.
Upon completion of the merger, Altavoz’s current business, along with its debt, will be spun out to become a private company owned and controlled by the Company’s founder, Nelson Jacobsen. A copy of the MOU is attached. In contemplation of this change in business direction, the Company’s current board and CEO have resigned and have been replaced by interim management.
Nurish.Me is an evidenced-based, science-driven, and consumer-focused company founded by entrepreneurs, innovators, and scientists on a mission to improve people’s health with effective dietary supplements. The overarching mission of Nurish.Me is to lead a necessary paradigm shift in the dietary supplement industry by only marketing products that have been clinically tested, are formulated with proprietary technology to achieve the highest levels of efficacy, and provide the best value.
The merger with Nurish.Me and spin out of its existing business and debt will greatly improve the Company’s balance sheet and capitalization table. Once completed, the Company intends to take the steps necessary to become a fully reporting, reorganized, and up-listed public company.
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