SNM GLOBAL HOLDINGS TO ACQUIRE PAUL MITCHELL SCHOOLS; 3 OTHER TARGET ACQUISITIONS PENDING.

Date : 04/20/2017 @ 1:17PM
Source :InvestorsHub NewsWire
Stock : Snm Global Holdings (PL) (SNMN)
Quote : 0.0009  0.0 (0.00%) @ 3:45PM

SNM GLOBAL HOLDINGS TO ACQUIRE PAUL MITCHELL SCHOOLS; 3 OTHER TARGET ACQUISITIONS PENDING.

SNM GLOBAL HOLDINGS TO ACQUIRE PAUL MITCHELL SCHOOLS; 3 OTHER TARGET ACQUISITIONS PENDING.

Miami Beach, Fl --  April 20, 2017 -- InvestorHub Newswire -- SNM Global Holdings (SNMN) an entertainment/media company is excited to announce they have an executed term sheet to acquire a 50% stake in two Paul Mitchell Schools from Hair Expressions Academy Inc. for agreed terms of $2.3 million to be finalized in a definitive agreement.

The schools consist of two east coast facilities (modern 16,000 sq. ft and 11,500 sq. ft. respectively) that did annual revenues of over $3.6 million. "This is a gem of an acquisition for SNM Global, an asset that already is revenue producing and looking to expand further," states SNM Global CEO Troy Lowman. "We are keeping current upper management in place and all have the common goal of increasing revenues with new products immediately.

Troy Lowman

Chief Executive Officer

SNM Global Holdings

410-733-6551

 

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.


 

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