Business
Small Business Development Group (OTC: SBDG) to Assist Palayan Resources (OTC: PLYN) with Strategic Advisory, Public Company, and M&A Services for Upcoming FinTech Acquisition
Small Business Development Group (OTC: SBDG) to Assist Palayan Resources (OTC: PLYN) with Strategic Advisory, Public Company, and M&A Services for Upcoming FinTech Acquisition.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"\n CARY, NC, Dec. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Small Business Development Group, Inc. (OTC:SBDG) (www.SBDGStock.com) today announced that it will assist Palayan Resources, Inc. (OTC: PLYN), a publicly traded, fully reporting emerging growth company which recently announced it has signed a “Memorandum of Understanding” to acquire a Global FinTech company in the money transfer industry.   That company, which has asked not to be identified as yet, is in the global marketplace. The transaction is subject to standard due diligence including audited financial statements from the FinTech company. “This transaction involves multiple parties, the common thread being C2C Business Strategies, LLC, which serves as a strategic advisor for Palayan Resources,” said Roy Y. Salisbury, Small Business Development Group CEO and Chairman.  Mr. Salisbury explains that C2C Business Strategies is the management arm of C2C Private Investment Company. C2C Business Strategies has a controlling interest in both SBDG and PLYN. “The target acquisition company for PLYN is a FinTech company based in Singapore, brought to our attention by SBDG’s Southeast Asia office in Kuala Lumpur, Malaysia. After months of meetings including all parties, we are confident that this is a great transaction for all involved stakeholders,” said Brian Jue, SBDG’s Chief Operating Officer and a Board member. “SBDG plans to roll out Strategic Advisory, Private to Public, and M&A services in 2022. SBDG has the knowledge and resources in place to assist both PLYN and its target acquisition. This assistance includes: the operation of a compliant publicly traded company, resources and connections to sources of investment capital, and access to additional acquisitions utilizing our in-house M&A Advisory firm, Stony Hill Advisors,” said Mr. Jue.“We believe that this client will serve as an excellent example of what we can do to help other companies, and it emphasizes our goal of driving revenue while finding additional opportunities for asset appreciation for SBDG stakeholders.” About SBDG: Small Business Development Group, Inc. (OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an active mandate to ident...