Web Global Holdings, Inc. Announces Reverse Merger of Allocation Media Entertainment, Inc.
June 28 2018 - 10:00AM
InvestorsHub NewsWire
Web Global Holdings, Inc. Announces
Reverse Merger of Allocation Media Entertainment,
Inc.
Once-Dormant Public
Company Continues its Reorganization Efforts and Plans for
Accelerated Revenue Growth through Merger Agreement with an
Innovative Media/Entertainment Company.
Studio City, CA -- June 28, 2018 -- InvestorsHub NewsWire
-- WEB GLOBAL
HOLDINGS, INC. (OTC:
WEBB) announced today the reverse merger of once privately held
Allocation Media Entertainment, Inc.
Effective immediately, Steve
Slome has been appointed as President and CEO
of Web
Global Holdings, Inc.
Mr. Slome
is also the Executive Producer,
Co-Founder and CEO of Allocation Media. Mr. Slome's portfolio of work has been optioned and
sold to numerous cable, broadcast and content networks across the
world. Mr. Slome's years of experience in the industry will be
invaluable to Web
Global Holdings, Inc. as the
company expands its reach through (1) the funding of overall
operations and (2) through exponential production and development
of new and targeted programming.
Also effective immediately, Mr. Lee Zuckerman
will take on the role of COO of Web Global Holdings. Mr. Zuckerman
has served as Executive Producer, Co-Founder and COO of Allocation
Media since its inception. Mr. Zuckerman also brings a wealth of
experience to the table and will be instrumental in the
long term growth strategy of Web Global Holdings. Mr. Zuckerman is an
independent film and television producer with over 20 years'
experience.
Web Global Holdings, Inc. is poised for
accelerated growth and these two gentlemen will be instrumental in
the execution of the overall growth strategy of the company. The
current number of common shares outstanding for WEBB is
3,092,676,667. Officers and/or Directors hold 86.33% of those
shares or 2,670,000,000 and the current float is 14,899,100
(https://www.otcmarkets.com/stock/WEBB/security).
For additional information, see our websites http://webglobalholdings.com/ and http://allocationmedia.com/.
About Web Global
Holdings, Inc: Web Global
Holdings is the parent company of Allocation Media Entertainment, a
company that generates its revenue through the creation of original
and unique television programming. The content is growing in
popularity through syndication around the world via numerous
broadcast, cable, sports and digital
networks.
Notice Regarding
Forward-Looking Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release
are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate.
Source: Web Global
Holdings, Inc.
Contact: 347-983-9208
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