Morristown, NJ -- March 19, 2025 -- InvestorsHub NewsWire --
Authentic Holdings, Inc (OTC:AHRO)
to acquire Goliath Motion Pictures Entertainment for $11 million in
an equity-based transaction.
Chris Giordano stated: "To date "Goliath" has been licensing to
Maybacks Global Entertainment all of its content for the 35
channels it distributes globally on our streaming platforms and
Over the Air broadcasting networks.
After careful examination of the relationship, the parties agreed
that the strategic acquisition of the 40,000+ titles owned by
Goliath was a natural metamorphosis between Maybacks and Goliath.
Putting $11 million in assets on the balance sheet of Authentic
Holdings is just one benefit. The long-lasting benefits and
opportunities of owning the library is far more reaching than the
asset itself and will provide Maybacks and Authentic Holdings with
revenue growth and opportunities for years to come."
Goliath owns priceless content of award-winning shows such as "In
Living Color", "The Cosby Show", Steven Spielberg's "Taken".
In addition, the library consists of movies like "Open Range"
starring Kevin Costner, "Blue Hawaii" starring Elvis Presley as
well as hundreds of documentaries and live concerts with "A
Listers" from both Hip Hop and Rock n Roll.
To date licensing Goliath's content has helped us grow our market
footprint, which in turn helped us attain an additional 8 ad
agencies in the last 6 months to which now total 12 ad agencies
selling ads on our networks. As a result, our ad rate card for a 30
second spot has exploded from $2.50 this time last year to $15.00
currently on prime-time spots. Licensing has served an invaluable
purpose in getting us to where we are now. But acquiring the
library made more sense than continuing to license for many
reasons.
In order to acquire the library, we first needed to attain an
independent "valuation analysis" to qualify what the Goliath
library was worth before being able to place it on our balance
sheet per our "auditor". The analysis which took several months was
completed in November of 2024 with the results exhibited in an
18-page report. The report valued the library at $14.8 MM and once
signed off on we then filed an 8-K with the Securities and Exchange
Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001338929/000147793224007562/ahro_8k.htm
Subsequently, and after careful review of the valuation analysis,
both parties agreed to a purchase price of $11 million which is to
occur in the format of a Convertible Preferred Stock in Authentic
Holdings, Inc. Inherently important is the stipulation that the
Preferred cannot be converted to
common for three years from its issuance date and only up
to 20% per annum may be
converted in any given year, giving no immediate dilutive effects
to shareholders. This will allow the Company to potentially grow
substantially during that hiatus period while developing a more
robust liquidity in its common equity.
This action on the part of Goliath very much aligns itself with the
same attitude towards shareholder value and commitment that was
shown by the management of Authentic Holdings, which recently
converted $2 million in debt owed its principals to
performance-based equity.
Maureen Cooper, the founder of Goliath Motion Pictures
Entertainment developed this massive library over the last 15
years. She is a warhorse of work ethic, and a stalwart of the
industry. Her years of experience and Rolodex are part of the
reason why our TV affiliate count went from 26 to 61 designated
market areas (DMAS) over the last year. It is an absolute pleasure
to have her leading the Maybacks team and fully committed to making
Maybacks a standout in the Connected TV arena.
As a result of the upcoming acquisition, we will be one of the few
true "independent networks" that can provide other independent station owners with the
valuable content they need so they can monetize their local
audience(s) in the form of advertising dollars. This would be
driven by ad related "revenue share" program with Maybacks Global
Entertainment that would mutually benefits each party. There are
hundreds of station owners that do not own content and are looking
for a content provider. Enter Maybacks Global.
We currently broadcast into most of the major markets and
anticipate capturing and broadcasting into the balance of them over
the next 12-24 months. Capturing all 20 major markets would have
the effect of driving our rate card into the $50-$100 arena for a
30 second spot. And now Maybacks now has the toolbox to leverage
our growth for years to come and is on a growth trajectory when
compared to where it was just 12 months ago.
2024 was a startup year for Maybacks, which had a respectable
showing that will be disclosed in our upcoming 10-K. 2025 on the
other hand,; it will be a time for significant growth infor both
content acquisition as well as a quantum leap in revenue for
Maybacks.
When the acquisition is completed in the near future an 8-K will be
filed withand the necessary exhibits with the Securities and
Exchange Commission as required. This will also give our
shareholders access to the details of the acquisition shedding
further transparency on the terms of the acquisition.
We are extremely excited about the Goliath acquisition and the
opportunities it will create. Content is king and it is our belief
that we are now carving a pathway to a formidable kingdom."
Authentic Holdings, Inc., and its management team look forward to
keeping all of our shareholders apprised of our progress and look
forward to our next communication with you via a press release in
the near future.
About Authentic
Holdings: Authentic Holdings combines entertainment,
technology, and textiles to create a diverse portfolio of
offerings. Their subsidiary Maybacks Global's collaboration with
WiseDV underscores their commitment to innovation in the streaming
industry.
For more
information, chrisg@authenticholdingsinc.com
About Goliath Motion Pictures
Productions, Inc: Goliath Motions Pictures Productions,
Inc is an independent owner of over 40,000 movie and television
shows. Goliath has been a independent distributor of its content
for over 15 years to many independent station owners across the
country.
For more information,
maureen@maybackstv.com
Safe Harbor Act
Forward-Looking Statements: This
release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Authentic Holdings, Inc, its directors, or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements including those
relating to the Company's ability to execute its acquisition
strategy, and to launch its growth and expansion plans, among
others, are not guarantees of future performance and involve risks
and uncertainties, many of which are beyond Authentic Holdings,
Inc's ability to control, and actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. No information in this press release should be
construed in any way whatsoever as an indication of Authentic
Holdings, Inc.'s future revenues, financial performance, or stock
price. More information about the potential factors that could
affect the business and financial results is and will be included
in Authentic Holdings, Inc, filings with the Securities and
Exchange Commission at www.sec.gov.