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CHIF ANNOUNCES LETTER OF INTENT TO ACQUIRE ON-DEMAND STREAMING FITNESS PLATFORM, MOSHN LIFE TECH
CHIF ANNOUNCES LETTER OF INTENT TO ACQUIRE ON-DEMAND STREAMING FITNESS PLATFORM, MOSHN LIFE TECH.
About this update from China Food & Beverage Co.
[{"type":"text","content":"China Food and Beverage Company (OTC: CHIF), an Esports technology company, today announced that the Company has entered into a Letter of Intent to acquire a majority stake in on-demand streaming fitness platform, Moshn Life Tech. CHIF intends to complete the acquisition by the end of June. When concluded, this will mark the first acquisition since the Company entered in to the booming Esport arena. Industry experts project that the global Esport market will amass more than $1 billion in revenue for 2021, with additional growth in media rights and the livestreaming market. Terms of the Letter of Intent were not immediately disclosed.MOSHN.fit’s vision is to make the world a healthier place through personalized fitness for all and enable members to live a healthier life. MOSHN.fit users have access to tailored training content, both live and on-demand with personalized access to top coaches and trainers for premium members. The MOSHN app can be downloaded on Apple and Android and more info can be found at www.MOSHN.fitMOSHN.fit proprietary wearable technology allows users to track personal fitness progress, meet coaches, connect with friends and live a healthier life through an affordable and easily accessible platform.MOSHN.fit hardware and app enable coaches and trainers to connect to their existing community and meet new trainees while providing the ultimate fitness experience for their followers. Combining data and the MOSHN.fit CRM engine, trainers and coaches can lead live and on-demand fitness classes as well as build personalized fitness programs for premium members.Adrian Capobianco, CEO of MOSHN stated, “MOSHN has a unique offering, international scale and a solid foundation, which is ready for substantial growth. We are excited about the partnership, as we look to scale MOSHN's business and innovate with new partners and the CHIF group of companies in the near future.”James Tilton, president of CHIF stated, “I am thrilled that we will be able to make our entrance into the explosive Esport arena with the pending acquisition of MOSHN. It is extremely rare that you can find such a combination of state-of-the-art technology and an A-List team in any industry. This is truly a monumental day for CHIF and all of our loyal shareholders.”CHIF’s vision is the establishment of a fully integrated technology company that prov...