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American Wealth Mining Corp Signs Binding LOI for First US Cafe Location in New York City
American Wealth Mining Corp Signs Binding LOI for First US Cafe Location in New York City.
About this update from American Premium Water Corporation
[{"type":"text","content":"\n PLAYA VISTA, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Wealth Mining Corporation (OTC:HIPH) (\"AWM\" or the \"Company”) is pleased to announce that it has executed a binding LOI to acquire its first Cafe in the US. Upon completion of the transaction, the Company intends to establish the first HAPI Cafe (https://www.hapicafes.com/) location in New York City. This would also become HAPI Cafe’s first US location. The transaction is set to be completed by the end of this month. The terms of the LOI were not publicly released. The Company announced in August that it had reached an agreement with Sharing Services Global Corporation (“SHRG”) (OTC:SHRG), the master franchisor of HAPI Café in North America, to be HAPI Café’s exclusive licensee in New York State. With the 1st HAPI Cafe set to open imminently, AWM intends to open 20 HAPI Cafés in New York State over the next 18 months. Throughout the US, HAPI Cafe is targeting to open over 200 locations in the next 18 months. Ryan Fishoff, CEO of AWM, commented, “The Company is excited for its first HAPI Cafe location in New York! This is a milestone achievement for AWM as we are positioning the Company to meet the strategic goal that we set back in August to open 20 cafes in New York State over the next 18 months. The HAPI Cafe concept is a central part of the company’s shift towards “Wealth Mining”; these locations will be centers of innovation in which customers will be exposed to the future of FinTech, education, wellness, crypto, health and wealth that meet the demands of the 21st-century consumer. The cafes will be a significant revenue driver for the Company, targeting to add over seven figures once our goal of 20 locations is achieved. “This transaction starts off 2023 strong by opening our first HAPI Cafe, and with our JV with New Energy announced at the end of 2022, positions us well to start the year with momentum to build our “Wealth Mining” platform. A focal point for AWM’s Wealth Mining blueprint is to invest in innovative and sustainable businesses. The development of the Company’s ‘Wealth Mining’ strategy is intended to strengthen the balance sheet to yield a tangible net result of increasing shareholder value. With all the plan...