Scottsdale, AZ -- December 28, 2016 -- InvestorsHub
NewsWire -- On December 28, 2016, NOHO, Inc., a Wyoming corporation
(the Company) announced the following:
Although the Share Exchange Agreement ushered in new management
on September 9, 2016, the Company resumed full-scale operations
after bringing the financial reporting current as of October 14,
2016.
In the span of just two months, we have acquired three
companies, consolidated another and are actively engaged in
negotiations to acquire two additional companies at this time. Once
completed, these properties will continue to add synergy to our
overall suite of products. The Company will provide further details
relative to these acquisition targets as they occur.
We are pleased to announce that your company has rebounded from
a negative shareholder equity position to a positive net worth of
approximately $4.3 Million. Total outstanding debt has been reduced
by 70%, while the Company retired 54 Billion shares of common stock
issued pursuant to the Share Exchange Agreement. As a result, there
are less shares issued and outstanding today than represented in
the November 17, 2016 filing.
The campaign to re-launch the NOHO 2OZ shot is well underway and
we are on target to begin generating sales revenue in January 2017
in the burgeoning international market. Plans are also in motion to
reintroduce the product in the U.S., as the Company is developing a
concept for a new formulation for direct consumption as well as for
Cannabis infusion.
The new telephone sales center will open on January 2, 2017, as
planned, and the Company is moving forward quickly to becoming
fully reporting, in anticipation of significant growth and
transparency with our shareholders.
In an effort to engage directly with our shareholders and the
public, we will be introducing Live Streaming from our sales center
as well as scheduling the NOHO "Fireside Chat" where management
will be available to answer questions about our operations and
plans for the future. Further updates will be provided as we
continue to update our new website.
Finally, we want to thank our investors and shareholders who
have supported us since new management has assumed operations.
While we have accomplished much in a very short time, our plans for
2017 are even greater. We look forward to sharing continued
successes with you as we move into the New Year.
Go DRNK.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
Investor/Media Contact:
Investor Relations Department