FT WORTH, TX / ACCESSWIRE / April 30, 2015 /
Falcon Crest Energy (OTC: FCEN) (the "Company"), a development
stage oil and gas exploration and production company, is pleased to
announce that it has acquired the membership interests in Cherubim
Interests, LLC. Pursuant to an Agreement and Plan of Reorganization
dated April 27, 2015, the Company acquired all of the membership
interests of Cherubim Interests, LLC, a limited liability company,
from Victura Construction Group, Inc.
Cherubim Interests is a subsidiary of Victura Construction Group
Inc., (OTC: VICT) which has twelve vertically-integrated
subsidiaries in the construction industry. Victura has a
dynamic pipeline of activity that includes new, well-defined
opportunities as well as the potential for uncovering new business
development opportunities and relationships. Current relationships
provide for a solid, calculable, recession-proof business with
multiple Fortune 500 insurance companies. Cherubim Interests
focuses on alternative construction projects, as well as mixed-
use, single, and multi-family real estate development, management,
and investment opportunities in North America.
Charles Everett, CEO of Victura Construction, stated, "Victura
is extremely excited about adding the new entity into our growth
model. This further enhances our overall vision and timetable in
industry specific development and construction being integrated
into our portfolio. The immediate impact of the new relationships
and the open doorway to higher level projects and the partner
relationships that come with this realm are virtually unlimited in
scope and breadth. Our management and stockholders are thrilled
that what we saw as a future is quickly becoming the present."
In the restructure, the company effected a 1-for-15 reverse
stock split, such that the 83,626,881 outstanding shares of common
stock will be reclassified as 5,575,125 shares of new common stock,
issued 60 million shares of new common stock to Victura
Construction Group in the exchange, amended the Articles of
Incorporation to change the name of the Company to "Cherubim
Interests, Inc.,", accepted the resignation of director and officer
Terry Lynch, and appointed new directors and management to work
alongside CEO Patrick Johnson. The company intends to file for a
symbol change. Additional information regarding the corporate
restructure can be found in the company's Current Report on Form
8-K.
"We are excited at Cherubim Interests to be affiliated with
Victura Construction Group and all of our sister companies. We feel
that by entering into industry-specific specialized construction
sectors as well as tried and trusted real estate development
opportunities, we can offer stable, sustainable value for our
shareholders establishing a solid foundation with unlimited growth
potential." said CEO Patrick Johnson.
About Victura Construction Group, Inc.
Victura Construction Group, Inc., (OTC:VICT), is a holding
company focused on strategic acquisitions within the construction
industry that service restoration and re-building needs following
catastrophic events. Victura deploys good business practices and
management, sound ethics, financial resources, and utilizes
strategic industry relationships to help ensure success to any
acquired company(s).
For more information, visit www.victuraconstruction.com.
About Cherubim Interests Inc.
More than a buyer, Cherubim Interests is led by highly
experienced directors and a notable management team who are experts
in their specific disciplines of property management, construction,
and finance. We are determined to build on our initial success and
fulfill our vision to be a leader in alternaltive construction, and
multi-family real estate development, management, and
investment.
For more information, visit
http://www.cherubiminterests.com/.
SAFE HARBOR
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Securities Act of 1933 (the "Securities
Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
All statements other than statements of historical facts included
in this report regarding our financial position, business strategy,
plans and objectives of management for future operations, industry
conditions, and indebtedness covenant compliance are
forward-looking statements. When used in this report,
forward-looking statements are generally accompanied by terms or
phrases such as "estimate," "project," "predict," "believe,"
"expect," "anticipate," "target," "plan," "intend," "seek," "goal,"
"will," "should," "may," or other words and similar expressions
that convey the uncertainty of future events or outcomes. Items
contemplating or making assumptions about, actual or potential
future sales, market size, collaborations, and trends or operating
results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and important factors (many of which are beyond our
company's control) that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including the following: oil and gas prices, general economic or
industry conditions, nationally and/or in the communities in which
our company conducts business, changes in the interest rate
environment, legislation or regulatory requirements, conditions of
the securities markets, our access to capital, changes in
accounting principles, policies or guidelines, financial or
political instability, acts of war or terrorism, and other
economic, competitive, governmental, regulatory and technical
factors affecting our company's operations, products, services and
prices.
We have based these forward-looking statements on our current
expectations and assumptions about future events. While our
management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory and other risks, contingencies
and uncertainties, most of which are difficult to predict and many
of which are beyond our control.
Contact:
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer
(844) 842-8872
IR@cherubiminterests.com
SOURCE: Cherubim Interests, Inc.
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