Authentic Holdings, Inc., Closes $11 Million Acquisition of Goliath
Motion Pictures Promotions
Morristown, NJ -- May 2, 2025 -- InvestorsHub NewsWire
-- Authentic
Holdings, Inc (OTC:AHRO)
has completed the acquisition of Goliath Motion Pictures
Entertainment.
Chris Giordano President of Authentic Holdings,Inc., stated "The
closing of the Goliath Motion Pictures Promotions' library is a
watershed deal for Authentic Holdings, Inc and its shareholders. It
not only adds $11 million in tangible assets to our balance sheet,
but it will enable us to leverage the content contained in the
library with "Video on Demand" opportunities as well as developing
revenue share programs with both large corporate media distribution
companies as well as the many independent station
owners.
We are currently in 61 "Designated Market Areas" (DMAS). The
Goliath acquisition will now allow us to expand that number
aggressively as we move closer to the goal of 100 DMAS and
eventually a $50-100 Rate Card for our 30 second ad spots across
the Maybacks networks.
Goliath's library consists of award-winning shows such as In Living
Color, The Desmonds, Matt Houston, and Steven Spielberg's Taken,
just to name a few. Additionally, it includes films like Open
Range, starring Kevin Costner and Robert Duvall, ten full-length
Elvis Presley movies such as Blue Hawaii, and Attila, starring
Gerard Butler. Beyond film and television, the library contains
hundreds of documentaries and live concerts featuring top-tier
artists from both the Hip Hop and Rock-n-Roll genres. This vast
selection enables us to fine-tune audience engagement, appealing to
both younger and older demographics while significantly expanding
Maybacks' footprint in the advertising market.
The purchase of Goliath will have an enormous effect on our balance
sheet, giving Authentic Holdings, Inc., a substantial amount of
shareholder equity which will play a key role as we look at the
possibility of an uplisting to a higher exchange in the
future.
As to the purchase terms, the acquisition was consummated by
issuing a Convertible Preferred Stock in Authentic Holdings, Inc.,
which
cannot be
converted to common for three years from its issuance date and then
only up to 20%
may be converted in any given year. There will not be any immediate
dilutive effects to shareholders, which will allow the Company to
grow substantially during the hiatus period and at the same time
develop a more robust liquidity in its common stock.
Priscella Holyfield-Cooper, CEO, and initial Founder of Maybacks
Global Ent., LLC, reports: "The acquisition of Goliath Motion
Pictures Promotions marks a transformative moment for Maybacks
Global Entertainment. By integrating Goliath's extensive content
library into our ecosystem, we're expanding our reach and
redefining how audiences engage with entertainment, whether on TV,
online, mobile, or future technologies. This strategic move not
only solidifies our commitment to delivering exceptional content
but also positions Maybacks for long-term financial growth by
maximizing revenue while minimizing overhead. We are thrilled to
embark on this next chapter and bring compelling stories to viewers
worldwide."
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 Promotions,
Inc: Goliath
Motion Pictures Promotions, Inc is an independent owner of over
40,000 movie and television shows. Goliath has been an 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.