Business
Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Signs LOI to Acquire a Minority Stake in Internet Streaming Network, FOR US TV
Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Signs LOI to Acquire a Minority Stake in Internet Streaming Network, FOR US TV.
About this update from Blockchain Loyalty Corp.
[{"type":"text","content":"PORTLAND, OR and MONTREAL, QC / ACCESSWIRE / October 5, 2023 / Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. (BBLC) is pleased to announce that it will continue to keep its promise to shareholders, through ongoing strategic moves to become a true "lifestyle brand;" by recently signing a letter of intent to acquire 20% ownership in the subscription-based streaming network, For US TV. BBLC will keep on its trajectory of continued growth by breaking into new markets through these types of acquisitions, aimed at various sectors in the lifestyle space."BBLC's vision of acquiring innovative and creative brands, will attract diverse customers from across the globe who are seeking top-quality products and services from their brand partners" said Joel DeBellefeuille, Chairman & CEO of Belle Bonica Luxe Corp. He goes on to say that; "sticking to its vision and values, each BBLC brand must maintain a passion to excel without limitation and they must adhere to the same vision and values of the group."Svetlana Chernienko, For US TV founder, brings her extensive film industry insights to the table. "Every person has a story," Svetlana emphasizes, "and we need platforms that truly listen."Transaction termsThe terms of the agreement called for Belle Bonica Luxe Corp. to pay a total of $600,000.00 in Consideration Shares totaling 1,428,571 units, for 20% of For US TV, with the closing date expected to take place on or before October 15th, 2023. The Company has been in negotiations with For US TV over the last several weeks and both entities are pleased with the terms of the LOI and have agreed to moving forward with the expecting closing, on that date.Discover For Us TV: Beyond Mainstream StreamingFor US TV is a dynamic internet TV network with versatile on-demand streaming capabilities set to launch fall/winter 2023. Viewers will be able to enjoy an array of movies, TV shows, and the latest releases right at their fingertips, which will be accessible from any device. The network is proudly female-led and Black-owned, with For US TV not only showcasing Black-themed movies, but also affirming space for the BIPOC LGBTQIA+ community; where the network is conscious of the often-skewed portrayal they receive in the media.Launching at the end of 2023, For US TV will be found on platforms that ...