Business
MC Endeavors, Inc. (OTC: MSMY) Rescinds Megola, Inc./TheShare.TV Deal and Provides Shareholder Updates
MC Endeavors, Inc. (OTC: MSMY) Rescinds Megola, Inc./TheShare.TV Deal and Provides Shareholder Updates.
About this update from Mc Endeavors, Inc.
[{"type":"text","content":"\nLAGUNA HILLS, CA, Aug. 31, 2018 (GLOBE NEWSWIRE) -- MC Endeavors, Inc. /Room 21 Media (PINKSHEETS: MSMY) today announced the decision to rescind TheShare.TV, LLC reverse take-over of Megola, Inc (OTC:MGON). The announcement was made by John Stippick, CEO of MC Endeavors/Room 21 Media. John stated “After much due diligence by our legal and accounting teams during our last quarterly report, we have determined that Megola, Inc. is no longer the appropriate direction for our very valuable asset of TheShare.TV. This will return TheShare.TV as a wholly owned subsidiary to MC Endeavors, Inc. As an additional confirmation of this strategic decision, in the past two weeks we have already received a better offer for worldwide distribution which will be a greater benefit to our MSMY shareholders. Also, we have already begun interviewing RTO candidates for Megola, Inc. that are more appropriate to the legacy accounting and share structure that was left by previous management of MGON. ”\n John Stippick added, “Given that we now need to attend to the legal matters of unwinding the Megola, Inc./TheShare.TV deal, we have also decided to extend our launch to a later date so as to ensure we don’t have any legal complications resulting from the previously intended merger. In the meantime, we are going to give MSMY shareholders “sneak peaks” into the programming that has already been completed for the upcoming launch. As stated previously, we will initially launch on Android with rapid follow up on Apple iOS, ROKU, and Rabbit TV distribution as well.”  Mr. Stippick continues, “We are very excited that we can proceed with all of our assets under the one company with TheShare.TV as our wholly owned asset which is now being combined with income generating Room 21 Media Platform modules, and the upcoming Mobile App. Over this weekend, we will showcase a Room 21 Platform that combines video production assets, our platform technology, and e-commerce we have developed. We encourage everyone to visit www.Room21Media.com and www.TheShare.TV on Labor Day to see first hand the power of this combination. We firmly believe we have a bright future ahead.” About MC Endeavors, Inc. /Room 21 Media MC Endeavors, Inc. (OTC Pink: MSMY), an innovator in social commerce platforms, is committed to becoming a le...