Business
UPDATE - Cardiff International Signs LOI With NMS Capital Group and Prolific Holdings
UPDATE - Cardiff International Signs LOI With NMS Capital Group and Prolific Holdings.
About this update from Cardiff Lexington Corporation
[{"type":"text","content":"\n \n \n UPDATE - Cardiff International Signs LOI With NMS Capital Group and Prolific Holdings\n \n \nUPDATE - Cardiff International Signs LOI With NMS Capital Group and Prolific Holdings\n \n FORT LAUDERDALE, FL--(Marketwired - May 23, 2017) - Cardiff International, Inc. (OTCQB: CDIF), (\"Cardiff\"), NMS Capital Group (NMS) and Prolific Media Holdings announced today all parties have signed a Letter of Intent (LOI) agreement under which all parties have formed Red Room Capital a private equity fund focused on investments within the entertainment, media and technology industries.\n Red Room Capital (RRC) will provide investors access to marquee high profile movies, TV shows, media distribution and new technology related industries. RRC has assembled a portfolio of projects that meet the requirements set by Cardiff to mitigate investor risk. \n \"We are pleased to announce the formation of Red Room Capital,\" stated Alex Cunningham, President/Chief Executive Officer of Cardiff. \"We have built a solid foundation of strong, successful businesses and believe we have partnered with reputable established businesses within the entertainment industry. We believe this partnership will add value to our shareholders while diversifying our revenue streams and improve profitability.\"\n Trevor M. Saliba, NMS Capital Chairman/CEO, said, \"It's an honor to be working with both Cardiff and Prolific on this exciting opportunity. The formation of Red Room further enables us to participate in the rapidly expanding convergence of technology, media and entertainment. We believe this partnership shall bring opportunities into our purview where we can leverage our other portfolio companies' strengths and services providing cross platform synergies.\"\n \"We are thrilled at the strong partnership that has emerged between Prolific, NMS Capital and Cardiff. The formation of Red Room Capital is a terrific next step in the expansion of Prolific's activities in the entertainment industry and we look forward to continuing to drive value for our partners and investor,\" states RJ Bucaria CEO, Prolific Media Holdings.\n About NMS Capital Group, LLC / NMS Equity Partners, LLC, (www.nmsequity.com) is a leading global focused investment firm with investments in businesses across multiple asset classes ranging from private equity, real estate,...