Business
Choose Rain,Inc. announces License Agreement resulting in possible Change in Control
Choose Rain,Inc. announces License Agreement resulting in possible Change in Control.
About this update from Rooshine Inc.
[{"type":"text","content":"NEWS RELEASE\n\nChoose Rain, Inc. has reached agreement with\nan Australian Company which will result in a change in control. \n\nOrmond Beach, FL, July 1, 2016 - Choose\nRain, Inc., (CHOS), a provider of organic bottled rainwater, announced today\nthat it has reached an Agreement in Principle with Cloudburst Distribution Pty\nLtd (Cloudburst) to move the company forward. CHOS recently announced a Board of\nAdvisors presenting a vast array of innovative products and the companies\nneeded to assist Choose Rain in taking\nthem to market. \n\nUnder the Agreement, Cloudburst\ngrants to CHOS an exclusive North American license to distribute specific\nproducts throughout North America in exchange for CHOS common stock without\nincreasing the number of authorized shares. CHOS will\nthen sub-license these products to several other US companies receiving a\nlicense fee for each product sold. Products\ninclude Herbal Capsules, Mini Hydroponic Farms,\nOrganic Fertilizer & Pesticides, Herbal Drinks, Distillation & Brewing\nEquipment, Essence Oils and Health & Education Products. CHOS will be changing its name to Just Real Herbs USA, Inc.. \n\nCHOS will also receive a second Exclusive\nDistribution Contract with Cloudburst to provide products throughout North\nAmerica via the CFCMembers Corner. CFCMembers\nCorner is a Membership Subscription Service for the Christian Fellowship\nCouncil with 350,000 member churches in the USA. Beginning June 24, 2016,\nthe Membership Subscription Service and licensed products will be advertised\nand promoted daily by the CFC Media Group, Inc., which reaches seventy-five\nmillion homes in thirty-two states through its thirty radio stations, four\ntelevision stations and one worldwide internet radio station. \n\nAs\nrevenues and profits from these license fees flow to CHOS and CHOS debts are\ncompletely retired, there is a path for transferring the control block of CHOS\nshares from the majority stockholder resulting in a change in control. \n\n“CHOS has always had a focus on\nenvironmentally sustainable products but we never drew the financial support we\nneeded to make it happen. We have spent\nthe better part of a year identifying these new opportunities and, with them,\nsecuring the requisite financing ...