Scottsdale, AZ -- November 14, 2016 -- InvestorsHub NewsWire --
On November 1, 2016, NOHO, Inc., a Wyoming corporation (the
Company) announced the following:
The Company has negotiated letters of intent to acquire the
assets two companies:
- Essential Marketing Systems, LLC, of Scottsdale, Arizona
- ChoiceAdz.com, Inc., operating as BizConnect360.com, of Yorba
Linda, California.
ChoiceAdz.com has already done $350,000 in revenue in 2016 and
is operating profitably. Its projected revenue for 2017 is
well beyond $1,800,000.
These companies presently operate in the advertising technology
space and the acquisitions will expand the Companys product lines
to offer customers a bundled suite of advertising and business
services from a streamlined and direct platform.
These acquisitions are anticipated to be completed by December
15, 2016. These acquisitions will be achieved by using the
newly issued preferred shares and there will be no dilution to the
existing common shareholders.
The 54 billion shares of common stock exchanged by NOHO in the
share exchange agreement with Media360 Licensing, Inc. on September
9, 2016, shall be retired and reissued as preferred shares on a
ratio basis consistent with the share exchange agreement. In
order for the Company to convert the newly issued preferred shares,
a filing will be required.
Expansion of Cannabis Advertising Platform
Based on the results of the proven concept in Colorado, the Company
is expanding its Cannabis advertising platform to all states where
recreational Cannabis is permitted under state law.
NOHO, Inc., CEO David Mersky stated: "These are exciting times
for the company. Our strategy for growth will see us continue
making revenue producing acquisitions. In keeping with our plans to
expand within the cannabis sector we have started due diligence on
several acquisition candidates. We look forward to announcing
updates as developments occur."
The Company has authorized its counsel to effectuate a name
change from NOHO, Inc. to IMBUTEK Corporation, seeking to trade
under the new proposed symbol of IMTK, or if not available then
IUTK or IBTK. This change is intended to more accurately
reflect the nature of the Companys core advertising technology
business. Until that process is completed, the stock will
continue to trade under its current symbol: DRNK.
Further, pursuant to the Spin-Off Agreement with Purple
Investment Group, Inc. dated September 9, 2016, the 2,609,527,445
shares belonging to Dolce B Investments have been transferred to
NOHO as collateral and a guarantee of Purple Investment Group,
Inc.s assumption of liabilities of NOHO, until such time as those
liabilities are satisfied and no longer pose a contingent risk to
NOHO.
About NOHO, Inc.
NOHO Gold Premium and Functional Lifestyle beverage is setting the
standard for beverages that not only taste great, but also serves a
functional purpose. The 8.4 oz can has a light, refreshing
flavor and can be used as a healthy alternative to high sugar sodas
and juices. With only 6 grams of sugar and 30 calories, it
proves that healthy can taste good.
For additional information on NOHO please visit www.nohodrink.com.