Motion Entertainment Group Inc. Inks Definitive Agreements to Utilize Prominent Intellectual Property
October 20 2016 - 12:59PM
Access Wire
Motion Entertainment Group Inc., fka Compass
Biotechnologies, forming two subsidiaries to exploit newly acquired
IP
SALT LAKE CITY, UT / ACCESSWIRE / October 20, 2016
/ Motion Entertainment Group Inc., fka Compass
Biotechnologies, (OTC: COBI) announces the utilization of
intellectual property rights for sought after entertainment product
and equipment lines from Motion Sound and Magic Trix. While the
company awaits final name and symbol change approval from the
regulatory agencies, the company is forming two subsidiaries,
Motion Sound Holdings Inc. and Magic Trix Inc., as called for in
the definitive agreement, to manufacture, market and sell these in
demand multimedia and entertainment products.
"These definitive agreements for the rights to these world
renowned products, not to mention the people behind the products
and technology, afford the Company the opportunity to deploy
available resources and realize almost immediate returns. We are
delighted to welcome our experienced partners, the new age
technology, the demanded products and the influential names to our
emerging company," said Steven Smith, Interim President of Motion.
"This acquisition, coupled with our pending name and symbol change
and incoming management team, truly puts Motion on the
entertainment stage."
Steven Smith, Interim President
Motion Entertainment Group Inc. fka Compass Biotechnologies
Inc.
Email: compassbiotechnologies@gmail.com
Tel: (972) 535-8931
Safe Harbor: This release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 27E of the Securities Act of
1934. Statements contained in this release that are not historical
facts may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approval for anticipated
actions.
SOURCE: Motion Entertainment Group Inc.