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TURBO GLOBAL PARTNERS Announces it has entered into negotiations for a purchase of the assets of GP Brands, Inc.
TURBO GLOBAL PARTNERS Announces it has entered into negotiations for a purchase of the assets of GP Brands, Inc..
About this update from Turbo Global Partners Inc
[{"type":"text","content":"Turbo Global Partners (TRBO) (OTC PINK: TRBO), has entered into negotiations with GP Brands, Inc. to amend the April 20, 2017 Option Contract from an acquisition of GP Brands, Inc. to the acquisition of the assets of GP Brands, Inc. The asset acquisition will include the franchise licenses, trademarks, proprietary software and other tangible assets.“Robert Singerman, Chairman & CEO states, \"Based on advisement from counsel we are looking to complete negotiations with GP Brands, Inc. and implement the subsequent resulting acquisition by the end of Q3. The result of this negotiation is beneficial to TRBO’s bottom line and shareholders. We look forward to a long relationship with GP Brands and to the expansion of Turbo Retail Group, our wholly-owned subsidiary.”ABOUT TURBO GLOBAL PARTNERS, INC.TRBO is a marketing company committed to creating long-term renewal predictable cash-flow for its shareholders, its Alliance companies, and its subsidiaries, while being purpose driven changing the heart of the world.ABOUT GP BRANDS, INC.Formed in 2002, GP Brands, Inc. is franchisor for the brands Goin' Postal Pack and Ship stores (www.GoinPostal.com), Hut No. 8 apparel stores for millennials (www.HutNo8.com), and Monkeyhuggers. Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words \"believe,\" \"expect,\" \"intend,\" \"estimate,\" \"anticipate,\" \"will\" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future reven...