MBO HOLDINGS (BEMG) ANNOUNCES
AGREEMENT WITH SHAREHOLDERS TO REDUCE THE OUTSTANDING SHARES OF
COMMON STOCK BY 427.5 MILLION SHARES
SUNRISE, FL. -- August 21, 2018 -- InvestorsHub NewsWire
-- Beta
Music Group Inc.
(OTC
PINK: BEMG),
through its operating subsidiary, Get Credit Healthy, Inc.
(www.getcredithealthy.com),
announced today that it reached an agreement with shareholders to
exchange 427.5 million shares of common stock for 427,500 shares of
preferred stock. This agreement will reduce the outstanding common
shares by 40 percent from 1,063,547,329
to
636,047,329. This is the first step towards reducing the total
outstanding shares of common stock by at least 75%.
Elizabeth
Karwowski,
CEO, stated, "Our mission is to reduce the outstanding shares of
common stock to under 300 million shares. This first step shows how
serious we are about bringing value to our shareholders. We're
working diligently to bring further reductions in the near future.
On another note, I'm proud to announce that Operation
2700 is going extremely well. We continue to speak with a growing
number of prospective lending partners. Last week, we demonstrated
our proprietary software to five financial lending institutions.
This week, we expect to demonstrate our proprietary software to and
additional five financial lending institutions.
We will continue to share our progress as it
develops."
About
BEMG
BEMG,
through its operating subsidiary, Get Credit Healthy, utilizes its
proprietary processes, platform, and software to integrate with
lenders to make it easier to recapture leads. Developed for and by
those with extensive experience in the mortgage industry, Get
Credit Healthy's
platform
has already facilitated over $200 million in new loan opportunities
for its partners.
Get
Credit Healthy has showed sustained growth over the past three
years and shows no signs of slowing down. It is working to increase
its network of partners and is looking forward to a very promising
future. Please visit the company website at www.betamusicgroup.net;
twitter
at www.twitter.com/bemg12 and
financial information can be found at www.otcmarkets.com/stock/BEMG/profile.
Safe
Harbor Statement
This press release contains
projections and other forward-looking statements regarding future
events or our future financial performance. All statements other
than present and historical facts and conditions contained in this
release, including any statements regarding our future results of
operations and financial positions, business strategy, plans and
our objectives for future operations, are forward-looking
statements (within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended). These statements are only predictions and reflect our
current beliefs and expectations with respect to future events and
are based on assumptions and subject to risk and uncertainties and
subject to change at any time. We operate in a very competitive and
rapidly changing environment. New risks emerge from time to time.
Given these risks and uncertainties, you should not place undue
reliance on these forward-looking statements. Actual events or
results may differ materially from those contained in the
projections or forward-looking statements. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995.
For
information, please contact:
Elizabeth
Karwowski, CEO
Beta
Music Group, Inc. t/b/k as MBO Holdings Corp.
Get
Credit Healthy, Inc.
8411
West Oakland Park Blvd.
Suite
202
Sunrise,
FL 33351
ek@gch360.com
(877)850-3444
Ex 7
Source:
Beta Music Group, Inc. t/b/k as MBO Holdings Corp.`