Business
CACHE CAPITAL ANNOUNCES ACQUISITION
CACHE CAPITAL ANNOUNCES ACQUISITION.
About this update from Pure Capital Solutions Inc.
[{"type":"text","content":"Cache Capital\n\n2225 E. Murray Holladay Road\n\nSLC, UT 84121 \n\n \n\n\t\t\tPRESS\nRELEASE \n\n \n\nCACHE CAPITAL\nANNOUNCES ACQUISITION OF PURE CUSTOM VENTURES, A MOBILE SPORTS BROADCAST\nCOMPANY\n\nSLC, UT (Jan 31st, 2017)-Cache Capital Corp. (OTC\nTicker symbol: CCCC) a Utah corporation, announced the acquisition of Pure Custom Ventures, LLC (PCV), a Utah limited liability company,\nin exchange for the issuance of 15,280,000 shares of restricted common stock.\nThe shares issued will represent 80% of the issued and outstanding shares of\nCache Capital, with PCV becoming a wholly owned subsidiary of Cache.\n\nIn connection with the transaction, PCV issued $650,000 of\nsecured debt, of which $490,000 was used to pay down existing debt and\nliabilities, with the balance to be used for general working capital.\n\nPure Custom Ventures is a leading provider of sports\nbroadcast “support” trucks, trailers and associated services. Founded in 2010 by Todd Marshall and Daren\nWright, PCV owns and operates five “support” trucks serving and fulfilling\ncontracts with ESPN and NBC Universal’s The Golf Channel in the U.S. and\nCanada. \n\nPCV seeks to combine its highly experienced management team,\nits existing contracts and sports network contacts, as well as its new publicly traded\nstatus in an effort to fund, build and operate a fleet of mobile HD (Hi-Def) broadcast\n“production” trucks dedicated to live sports production. \n\n“Mobile sports broadcasting is a multi-billion dollar\nindustry experiencing rapid growth, consolidation and even faster technological\nchange. Having been on the ground operating in that industry for the past 25\nyears, I believe we will be well positioned to capitalize on these trends,”\nsaid Todd Marshall, President and co-founder.\n\n“We have spent the last six years building our business, building\nrelationships and fulfilling our contracts with premier network partners, which\nwe will continue to do with excellence. The time is right for us to leverage\nthese relationships and expand our operations into mobile HD production work,”\nsaid Daren Wright, co-founder and CEO.\n\n“I believe PCV has the existing operations, an outstanding\nlevel of operating and network experience, as well as the right idea at the\nright time. With potential access to public capital through our acquisiti...