LAGUNA HILLS, CA, May 29, 2018 (GLOBE NEWSWIRE)
-- MC Endeavors, Inc. /Room 21 Media
(PINKSHEETS: MSMY) today issued a
letter to shareholders from the company’s CEO John Stippick to
update shareholders, potential investors and the general public on
the progress and achievements the company has made over the past
nine months.
Dear Shareholders,
First and foremost, I want to say that for me it
is both an honor and a privilege to be CEO of MC Endeavors, Inc.
This opportunity to create an enterprise that utilizes our core
technologies for the enablement of social commerce is both a
challenge and a joy. I can honestly say that I am excited every day
to be at the office, take meetings, and share the vision and
accomplishments of our company.
The purpose of this update, albeit lengthy, is
to provide our shareholders and other interested parties updates
and insights into the strategic direction of the company.
As an additional preface to this letter, I want
to state the guiding principles of the company have been and will
always be the development of leadership, revenue opportunities, and
compliance. The continued goal of our leadership has been to create
a sustainable enterprise by adding structure and processes to the
business while developing and cultivating new revenue
opportunities.
The first four months of being the CEO I was
focused on compliance with the singular goal of taking a once
dormant issue with a Caveat Emptor status to becoming Current
Status on the OTC markets. This included the significant
time, energy, and personal expense to seeing this process through.
In addition, we were able to successfully remove the DTC Chill from
the stock trading as well. This four month long task resulted in
exponential gains for our shareholders.
In November 2017, MC Endeavors acquired a stake
in the company Bitcoin Profits. We felt that the small cost of
acquisition coupled with the Bitcoin interest in the markets could
benefit our shareholders. However, with the significant drop in the
price and interest of Bitcoin, we decided to focus on more
profitable business opportunities as we saw that the effort would
not justify the outlay of the capital or manpower. Being a smaller
company, we must be frugal and wise with our resources. Should the
market dictate a return to providing the Bitcoin seminars, we have
the option to do so and will notify the shareholders if we make
that strategic return.
Our plan from the beginning has been to become a
fully reporting company and on January 30th, 2018, we announced
that we began interviewing registered accounting firms. As an
update to these efforts and based on the consultation of our legal
team, the company plans to retain MJF & Associates this week to
guide our team toward becoming a Fully Reporting company. In
relation to this, I have been exploring options to cancel and
reduce the number of common shares I own. I am already in
communication with the transfer agent and will work with the
auditors to provide responsible guidance that will facilitate
exchange of my common shares to reduce the Total Outstanding shares
of the company by 50%. I am doing this to clearly demonstrate that
I want every shareholder to know that Room 21 Media is my long term
vision. I’m hard at work for every shareholder, for my family, and
your family too. I take it very personally that each and every
shareholder has become a stakeholder in the vision.
For December 31st, 2017, we recorded record
revenue in our previous quarter of $153,000 with a 600% gain over
the previous quarter. As a part of our plan for the first quarter
of 2018, we made the strategic decision to monetize the TheShare.TV
asset by creating the Room 21 Media Studio and defer other projects
which will be implemented at a later time. This resulted in lower
revenues for the first quarter of 2018. The logic in this decision
is that I knew we could successfully launch a broadcast network and
that our MSMY shareholders would be in a much better position for
both shorter and longer term gains by clearly demonstrating our
business strategy. Remember, this has been our plan from the very
beginning of Room 21 Media: to analyze discreet vertical markets,
rapidly implement our core technologies, and then create new
businesses that can ultimately become profitable public companies
utilizing the technologies of the parent company (MSMY). This is
the power of the Room 21 Media platform and is our business model
which will be replicated many times in the coming quarters and
years.
It is with great pride and through our past
relationships in the broadcasting and entertainment world, we have
been able to secure a fully operational broadcasting facility. As a
side note, will be utilizing our relationships in the entertainment
world to revisit the our past projects and return back into the
Entertainment vertical i.e. Battle For the Stage, Get A Role,VIP
Talent Academy. For now we will showcase our new facility, on June
15th, 2018 at 7 pm as we are hosting an “Open House” at our studio
on 23022 La Cadena Ste. 201, Laguna Hills, CA 92653. I personally
welcome our shareholders to attend. During the open house, our team
will showcase the original programming we are producing, revenue
automation tools, national advertising clients, and the variety of
distribution outlets for our content.
With that being said, it has been announced that
TheShare.TV has executed a term sheet to be merging into Megola,
Inc. (OTC Pink: MGON) via Reverse Takeover Merger (RTO). Our legal
team is still analyzing the capital structure, requirements to
return to OTC Pink Current Status, and the pathway to becoming
Fully Reporting. I want to reiterate, we have signed a fully
executed term sheet and based on our past relationship with the
International Venture Society, we fully intend to complete the
RTO.
The RTO will benefit both MSMY and MGON. Our
MSMY shareholders will benefit by receiving a distribution/dividend
of shares for their ownership of MSMY stock. MGON shareholders will
see an operational company finally take the helm of their once
dormant vehicle and will get to leverage the expansive technology
assets of Room 21 Media. We will release the details shortly as we
work through the process.
While TheShare.TV launch has been a significant
undertaking, our focus at Room 21 Media has been to demonstrate the
power of the Room 21 Media platform and our team. Our blueprint
from the very beginning is that by demonstrating success with our
platform and implementations, our team is building multiple
strategic assets simultaneously. We have rapidly moved from proof
of concept with successful “clean up” of a dormant vehicle to
regaining Pink Current Status (MSMY). We have a methodology and
will use the same successful team to repeat the process for
MGON.
I want to thank all those members of our team
that continue to work as diligently as I do and with a purpose to
making the company a lasting enterprise. Our team includes such
notable talent as Bob Munck, Richard Berry, Elisa Edwards, and
Booth Udall Fuller, LLP. As the revenues grow for
TheShare.TV, I will build out an additional leadership team for
TheShare.TV.
The Room 21 Media platform has been and will
continue to be the underlying technology resource for our
subsidiaries and clients. In 2016, Room 21 Media acquired the
assets of the Super Star Learning Company. The core technology will
empower the company to move in a wide variety of educational
markets. We are absolutely focused to the growth and development of
our core assets and will leverage every business interest toward
the growth in value of Room 21 Media. This is the “engine” that
drives the entire vision and empowers every business and every
vertical market we plan to we enter. When our initial RTO of Room
21 Media and MC Endeavors took place in September of 2017, I
completed the merger based on the plan that is unveiling now. I
have been building this vision for many years and I will retain
creative control to see the vision completed in the coming years.
Our shareholders can expect to see many new members join the team
in the coming months. Just know that I will see the plan all the
way through. While we cannot fully disclose every element of the
plan at this time, know that our direction is guided by our
thoughtful research, due diligence, and commitment.
We encourage shareholders, potential investors
and the general public to follow us on our Social Media Channels
for Room 21 Media and TheShare.TV as we will be posting significant
updates on social media.
Once again, it is with a great deal of
enthusiasm and honor that I continue to be relentless in the
attainment of the shareholder value for which we all work and hope
for in the coming years.
Sincerely,
John Stippick
CEO, MC Endeavors, Inc
Room 21 Media, Inc
P.S. On the Room 21 Media website, I have had
our team add “Ask the CEO” contact page
http://room21media.com/ask-the-ceo/ so that any of our
shareholders or interested parties can feel free to ask about the
initiatives of our company going forward.
For further information contact:
John Stippick
President
MC Endeavors, Inc/Room 21 Media
Phone: (310) 986-6373
E-mail: johns@room21media.com
Safe Harbor Statement - In addition to historical information, this
press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained in this press release include the intent,
belief, or expectations of the Company and members of its
management team with respect to the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability, and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company's business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company's
website. The Company disclaims any responsibility to update any
forward-looking statements.
SOURCE MC Endeavors, Inc
RELATED LINKS
http://www.room21media.com
http://www.theshare.tv
http://www.treatmentmedia.com
http://www.getdetoxnow.com
http://www.soberaftercare.com
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