WorldFlix Retains Law Firm to Conduct Reg A+ Offering to raise up to $15 Million, $7.5 Million Committed
September 21 2016 - 1:30PM
InvestorsHub NewsWire
PALM SPRINGS, CA --
September 21, 2016 -- InvestorsHub NewsWire -- WorldFlix, Inc.
(OTC
PINK: WRFX), an App / Technology company that operates through
a variety of niche industries using unique and disruptive
technologies, is pleased to announce it has retained the law firm
of William Robinson Eilers, Esq. to assist in conducting a Reg A+
offering. Reg A + were adopted through the Jobs Act and are a
form of a “mini IPO” that allow for raising money through compliant
equity crowdfunding and/or to the general public.
The Company announced it has retained the law firm of William
Robinson Eilers, Esq to provide legal services to raise up to
$15 million through a Regulation A+ public offering. The
offering will be partially placed through current investment
agreements with Phoenix Fund Management at the company’s election
for up to 7.5 million if fully exercised. In addition, to whatever
portions the companies deems appropriate, the company also intends
to offer equity placement through compliant crowdfunding equity
sites made available to the general public.
The company plans to
launch the Swantry mobile application to help combat cyberbullying
of young children and teens. And to fund the marketing budget
for launch of Swantry, and develop other mobile applications within
it portfolio. The Swantry app is a
launcher app that controls the entire child’s smart device and will
have a fee for a basic or premium level
membership.
In addition to deploying
a portion of the capital raised to launch the aforementioned
Swantry cyberbullying app, the company also plans to use portion of
proceeds to purchase back convertible debt capable of creating
dilution and reduce the company’s debt while overall increasing
shareholder share value.
More on Reg A + from SEC
press release: http://www.sec.gov/news/pressrelease/2015-49.html
To request an investor packet and more information on the upcoming
Reg A+ offering please email us at worldflix@live.com to
"indicate interest', or contact:
William Robinson Eilers, Esq
1000 Fifth Street, Suite 200-P2
Miami Beach, FL 33139
Phone: (786) 273-9152
Toll-Free: (844) Rule-144
Fax: (305) 900-3144
Website: www.eilerslawgroup.com
The Phoenix Fund
Management
Gavi Silberstein
Portfolio Manager
150 SE 2nd Ave
- Suite 301
Miami, Florida
33131
Phone: 786-376-8819
Email: gavi@phoenixfundmgt.com
Web: www.phoenixfundmgt.com
About WorldFlix,
Inc.
WorldFlix, Inc.
(OTC:WRFX) operates in a variety of niche businesses. App
Farm-platform for acquiring, developing, and growing niche apps for
mobile and tablet devices. Drobbits-interactive platform that
allows users to create, play, and monetize their own video games.
Swantry-a military-grade, triple encrypted, launcher app that
allows parents to ensure their child is safe on their mobile
device. Lastly, WorldFlix Entertainment Management is the company's
television and movie development and management business. For more
information on WorldFlix, Inc. (OTC PINK: WRFX), please
visit www.worldflix.co orhttp://www.otcmarkets.com/stock/WRFX/profile
FORWARD-LOOKING
STATEMENTS: "Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. These statements are based on
current expectations, and are to a certain degree uncertain. Words
such as expects, anticipates, intends, believe, plan, will and
similar words are expressions intended to identify these
forward-looking statements. These statements involve risk and
subsequently are difficult to evaluate. Actual results may vary
from descriptions herein due to many factors including but not
limited to changes in business conditions, changes in laws and
regulations, problems encountered in exploration and obtaining
permits, changes in the competitive environment, technological
advances, shortages of skilled workers, the need for additional
capital and other risks listed in the company's Securities and
Exchange Commission filings under "risk factors" and elsewhere.
Forward-looking statements speak only as of the date they were
made, and the company is under no obligation to update
them.
Contact:
WorldFlix, Inc.
(OTC:WRFX)
Brad
Listermann
Chairman and
CEO
(310)
684-2462
worldflix@live.com