Business
Lighthouse Global Holdings Inc raised $104,000
Lighthouse Global Holdings Inc raised $104,000.
About this update from Lighthouse Global Holdings Inc.
[{"type":"text","content":"NEVADA, July 29, 2019 -- LIGHTHOUSE GLOBAL HOLDINGS, INC. (OTC: LHGI), announced today, for the first time since taking over the management in April 2018, the Company had raised $104,000 with new issue of 1,600,000 restricted common stock at the price of $0.065 in June 2019 under Reg S(strictly for foreigners/non-US citizens). The fund will be used mainly for revamping development of the PROJAGG platform, the first potential Unicorn acquisition in Nov 2018.PROJAGG is a Global B2B Sharing Economy platform powered by its own proprietary 2-Tier Vaultchain Technology coupled with a unique contract tendering process, TenderSys, that claims to eliminate fraud, missue, abuse and misappropriation of project funds.In the recent participation of RISE HK in July, a convention for startups, attended by 16,000 delegates, PROJAGG showcased its Beta version to potential collaborators and Venture Capitalists with great enthusiasm. In fact, in the RISE Convention, it is the first and only kind of platform that caters to the needs of real estate and infrastructure developers, all over the world, promising the funding community a peace of mind with its vault-like structure technology.Mr Danny Lim, CEO of LHGI and Projagg said, “it is totally a surpise to us that in a startup convention, we received a list of projects that are very keen to be placed on Projagg; from Hungary, Hongkong, Korea, Thailand, Philippines, Malaysia to Australia. I believe we will attract lots of attention from developers all over the world when we close our first funding deal for them over the next couple of months.”According to Danny, Projagg had received applications for funding needs exceeding $1 billion from more than 12 projects, ranging from as little as $10 million to $250 million, with many other projects rejected due to failed and incomplete documentations.Danny reiterated, “it is unfortunate that 80% of the small and medium size developers are being edged out by the big and well funded developers supported by their banks. It is extremely difficult for these underdog developers to acquire any financing via the traditional means of bank loans. So, Projagg bridges this huge gap. Then again, why would the funding community trust the developers? Development projects are fraught with much risk. So, to eliminate such risk, Projagg incorporates the 2T Vaultchain & Ten...