Cathay Lifestyle Co., (SANP) Announces the Letter of Intent (LOI) to Purchase an interest Cubanacan Cigars
April 26 2016 - 10:00AM
InvestorsHub NewsWire
Ft.
Lauderdale, FL – April 26, 2016 — InvestorsHub Newswire - Santo
Mining Corporation also known as Cathay Lifestyle Co., (USOTC:SANP),
(the "Company"), is pleased to announce that the Company has signed
a letter of intent to purchase a significant interest in Cubanacan
Cigars, a vibrant luxury cigar company with headquarters in
Nicaragua and Florida. On behalf of the Mederos Family Alex Del Rey
stated, "The strategic partnership with Cathay was an opportunity
that we simply could not pass up. I predict that the Chinese market
will easily increase our current yearly average sales of $2,000,000
dollars by 400% to 600%. Cathay has done a tremendous work in
laying the foundation in China for high-quality cigar import,
marketing, and sales so our partnership with them is a natural and
synergistic fit that is certain to yield real
success.
Mr.
Yglesias, CEO of Cathay, also stated, "We intend to close on this
transaction within the next 30 to 45 days. Cathay now has 2
acquisitions that will give the Company all the business licenses
necessary to export tobacco to the Chinese government. These
strategic acquisitions allow us to focus on developing larger sales
contracts directly with China National Tobacco."
About
CUBANACAN (www.cubanacancigars.com) Cubanacan cigars
embraces not only tradition, but strives to tell our story in every
cigar. Our tale begins in the rich tobacco history of Cuba.
As the stories of tradition and quality were passed from generation
to generation, that tradition was carried forward to the fertile
soil of Esteli and Jalapa Nicaragua in 2006 where we started to
grow our own tobacco. Shortly after we established our factory in
Esteli with just five pairs of rollers set out to create cigars
that will share our story with the world. The name Cubanacan
was chosen for it’s vibrant history and the story behind it’s
meaning. Cubanacan means “where fertile land is abundant” and is
derived from tobacco traditions that predate Cuba itself. The story
of Cubanacan is not just one of our past, but one that is still
being written.
Make sure to visit and/or contact
SANP online through its many media
outlets:
Website:
http://www.cathay.asia
Email: info@cathay.asia
Facebook: http://www.facebook.com/cathaycigars
Twitter: http://www.twitter.com/cathayinvestors
http://www.scoop.it/t/cigars-by-cathaycigars
About
SANP: Cathay Lifestyle Company, we are a lifestyle
brand integration, marketing, design, development, education and
consultant for high value sales channel of luxury lifestyle
products in the leisure and entertainment sector. We
have a diverse portfolio of licensed brands as well as a wide range
of product categories. Our partners include, membership
clubs, golf clubs, financial services groups, nightclubs,
restaurants, lounges, sports bars, KTV’s, Duty Free Stores,
e-commerce channels and direct to consumers B2C across
Asia. Our services embody the interests, attitudes, and
opinions of an elite group of consumers that embrace a particular
culture. Our Lifestyle brands seek to inspire, guide, and motivate
people, with the goal of our products contributing to the
definition of the consumer's way of life. We operate off the
ideology that we must attract and connect people and brands to
ultimately spur, set and create new social
phenomenon’s.
FORWARD
LOOKING STATEMENT This press release contains certain
"forward-looking" statements, as defined in the United States
Private Securities Litigation Reform Act of 1995 that involve a
number of risks and uncertainties. Statements, which are not
historical facts, are forward-looking statements. The Company,
through its management, makes forward-looking public statements
concerning its expected future operations, performance and other
developments. Such forward-looking statements are necessarily
estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no factors that could cause actual results to differ
materially from those estimated by the Company. They include, but
are not limited to, the Company's ability to develop operations,
the Company's ability to consummate and complete the acquisition,
the Company's access to future capital, the successful integration
of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from
time to time in the Company's public
announcements.
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