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Malaysia, Wednesday January 24, 2018 – Glorywin Entertainment Group, Inc. (GWIN), would like to further update the public on the acquisition announced on January 17, 2018 (all terms and abbreviations please refer to the previous announcement on January 17, 2018).
The Target to be acquired is called Semaian Cabaran Sdn Bhd, which was incorporated on March 19, 2008. The Target has already established 2 production lines which are able to process 20 tons of wood raw materials per day. The products i.e. wood pellets are majority export to Korea and use as energy fuels for all kind of industry. Emissions and volatile organic compounds from pellets burning equipment are in general very low in comparison to other forms of combustion heating. It is generally considered an eco-friendly alternate energy source for industry use.
Disclaimer:
Certain statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on November 28th, 2017. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.
SOURCE: GWIN
