SNM Global Issues Report on Current Operations and Prepares for Significant Increase in Revenues and Asset
LONDON, Jun 16, 2010 (MARKETWIRE via COMTEX) -- SNM Global Holdings (PINKSHEETS: SNMN) issues operational update on the implementation of its recently announced enhanced business plan and new strategic direction. Corporate Update
-- The Company sold its subsidiary, LGN Entertainment Distribution. -- The transaction provided the elimination of significant long-term debt and added new assets and operations. -- Shareholders will retain their prior ownership with no modification. -- No recapitalization or reverse-split of any kind will be part of the Company's new operations. -- No new stock is being issued as part of the transaction. Stockholders will experience no dilution resulting from the transaction. -- Majority stock control of the company was purchased in a private transaction. No new stock was issued as part of the transaction. -- Former Board of Directors and Officers have resigned and been replaced with new executive management.
Operational Update The Company's strategic restructuring of its operations, including the new business model and operations, include:
-- The corporate-wide re-branding and launch of new website portal at www.SNMNglobal.com -- Official launch of its pioneering MicroTechnology Transfer Program and MicroEquity Partner Program. -- Relocation of its main operations from Florida to the incoming operational business units base in London, reflecting the international scope of its operations. -- Official launch of its pioneering MicroTechnology Transfer Program and MicroEquity Partner Program.
Future Updates Investors can anticipate updates on the following:
-- Increase of Stockholder Equity through the elimination of corporate debt and addition of new technology assets. -- Appointment of industry professionals to the Company's Advisory and Business Development Boards. -- New additions and expansions to the Company's Intellectual Property assets. -- New additions to the Company's portfolio of licensable and revenue producing technology and solutions. -- New technology Emerging Economy Joint Development and Distribution agreements and status reports on current projects. -- Full business plan information and regular technology briefings on the company's technology development, licensing, distribution and worldwide expansion. -- Upgrade of stock listing and disclosure documents and financials posted with the OTC Disclosure Service.
SNM Global Holdings recently announced completion of its strategic restructuring of its operations. The new business model and operations includes a corporate-wide re-branding and official launch of its pioneering MicroTechnology Transfer Program and MicroEquity Partner Program. SNM Global, through its innovative MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program, enables the acquisition, development, and transfer of technologies that will provide for the betterment of society and provide the catalyst for emerging markets to leapfrog into the sustainable sectors that will drive the twenty-first century.
SNM Global Holdings provides international emerging markets with alternative energy, and decentralized power production technologies. The company also provides biotech and healthcare related assets and technology to these markets. The company believes its new and enhanced operational plan will provide significant revenue, equity growth, and serve the betterment of emerging economies.
SNM Global's MicroTechnology Transfer (mt2) Program is designed to further the commercialization of promising technologies that will benefit emerging markets in four key areas:
-- Energy -- Clean, Renewable, and Sustainable Energy -- Health -- Better Health & Living -- Water -- Drinking Water, Irrigation & Sanitation -- Agriculture -- Green Biotechnology
The Company encourages collaboration with public, private and institutional partners in all phases of the development and technology transfer cycle; and accepts submissions from both collaborative development, distribution and inventor partners through the Collaboration Portal on its new website at www.SNMNglobal.com The company anticipates numerous technology and operational acquisitions and will continue to provide regular updates. The Company will soon announce additional details alongside full operational and financial disclosures.
About SNM Global Holdings
SNM Global Holdings (SNM Global) is a technology holding and development company that invests in, acquires, and develops Intellectual Property Assets and Operations in the Clean/Alternative Energy, Biotech, Water and Better Health & Living sectors adapted specifically for the emerging global markets.
The Company realizes revenues from the distribution of its technology, products, and solutions through its network of international agents and distributors and through the licensing of Intellectual Property through its innovative mt2 Program. The Company provides its International MicroEquity Partner program to our local partners in our target international markets. This program provides initial funding to a community building and life-enhancing organization. The Company sees profits through equity ownership and sales and distribution of its technology and solutions.
The company operates through its subsidiaries and various distribution partners worldwide.
Safe Harbor
This release contains statements or projections regarding future performance that is forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's filings contain various RISK FACTORS (and are incorporated on the Company's website "Investors" section by reference) and should be read before any investment decision.
CONTACT: SNM Global Holdings St John's House London EC1V 4JL United Kingdom Tel Number: 020 7096 0200
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SUBJECT CODE: Computers and Software:Internet Computers and Software:Networking Pharmaceuticals and Biotech:Biotech Energy and Utilities:Alternative Energy Medical and Healthcare:Healthcare Computers and Software:Software
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