New York and
Hanoi, Vietnam – July 8, 2015 – Myson
Group, Inc. (Trading symbol: MYSN) today announced that the Company has completed the
acquisition of a 50.90% ownership in Hanoi-based Van Phuc Holding Building and
Trading Joint Stock Company (“Van Phuc Holding”), a Vietnamese company engaged
in a number of business activities, including building and construction, infrastructure,
mining, real estate, and trading.
The Company has successfully acquired 50.90% of the all
issued and outstanding stock of Van Phuc Holding by issuing a total of 534,379,761
restricted shares of common stock from its authorized and unissued capital to
the majority shareholder of Van Phuc Holding and certain independent
consultants in connection with this transaction. As a result, the beneficiary shareholders of Van Phuc Holding hold 85%
of all the issued and outstanding stock of Myson Group after the closing of the
acquisition.
Established in 2009, Van Phuc Holding is a profitable operating
company expecting to generate at least $50 million in revenues and $10 million in
net profits within the next twelve months. Myson Group will continue to
emphasize on what Van Phuc Holding does best and realign its core business
activities to grow the Company and create significant value for its
shareholders.
Myson
Group will complete the consolidated financial audits in August 2015 in order
to file a registration statement with the U.S. Securities and Exchange
Commission to resume its status as a fully reporting company and prepare to
upgrade its stock listing to the NASDAQ Stock Markets in the near future.
The
Company will update its corporate information on the new website www.mysongroup.com.
Son
Duong, Chairman and CEO of Myson Group, Inc., stated, “We are pleased to have
closed the acquisition of Van Phuc Holding’s majority stake and repositioned
Myson Group, Inc. as a company with profitable operations. This will allow us to build on the strengths
and network capabilities of both companies to maximize value for our shareholders
and all other stakeholders.” Son added,
“We will continue to provide updates on new corporate developments and
additional transactions in the next few weeks.”
About
Myson Group, Inc.
Myson Group, Inc., a
Nevada corporation established in 1987, has been engaged in developing mineral
properties in Southeast Asia. The company has recently acquired a majority
interest in Van Phuc Holding JSC, a profitable operating Vietnam-based company,
and will also be launching a new business development program aiming to create significant value for our shareholders and
investors.
Safe Harbor: This news release contains
forward-looking statements that are subject to certain risks and uncertainties
that may cause actual results to differ materially from those projected on the
basis of such forward-looking statements. Such forward-looking statements are
made based upon management's beliefs, as well as assumptions made by, and
information currently available to, management pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform
Act of 1995.
Contact:
Timothy Pham, EVP
Myson Group, Inc.
702-605-4506