Branded Legacy, Inc. Signs Letter of Intent to Acquire Solar and Water Purification Company
August 30 2022 - 8:45AM
InvestorsHub NewsWire
Acquisition Will Add Close to $250,000 in
Revenue
Orlando, FL -- August 30, 2022 -- InvestorsHub NewsWire --
Branded Legacy, Inc. (OTCPK:
BLEG), a holding company focused on the commercial development
of cannabinoid-infused products from CBD topicals and tinctures to
edibles is pleased to announce the letter of intent to acquire
Magic 1 Promotions, LLC, a Solar and Water Purification
Company.
Magic 1 Promotions, LLC runs http://www.H2OandSolarSolutions.com and markets Water
Purification & Solar Energy throughout central Florida. H2O and
Solar Solutions aims to deliver the best solutions possible for
Water Purification and Solar Energy without any hassle. They
provide free quotations and free home testing for residences and
workplaces to meet the growing demand for water purification
systems and clean energy solutions.
Brandon Spikes, chairman of Branded Legacy, Inc., stated, “We
had previously announced our plans with Versatile Industries as an
incubator to bring companies public and spin them off into their
own entities. These new entities would result in dividends paid out
to our shareholders. We are really looking forward to getting into
the clean energy space and we believe this acquisition will be a
huge value add to Branded Legacy and its shareholders.”
This acquisition will be held under Branded Legacy’s wholly
owned subsidiary, Versatile Industries, LLC, and should instantly
add around $250,000 in revenues to the Company. Still in its
infancy stages, Magic 1 Promotions runs cash flow positive and is
actively looking to expand its sales force. Magic 1 Promotions is
focused on expanding its sales team and plans to be over One
Million Dollars ($1,000,000) in revenue over the next 12
months.
Spikes concluded, “This will be the first Company to utilize
Versatile Industries as an incubator. Branded Legacy plans to
eventually find the right publicly traded company to sell all the
membership interest to. When a transaction like this occurs, we
plan to have our shareholders receive a dividend from the shares of
the purchasing company used to purchase Magic 1 Promotions.
Furthermore, this should help Magic 1 Promotions to obtain the
funding necessary for its projected growth.”
About Spikes CBDX: Spikes CBDX is a line
of CBD products designed to assist athletes perform better, recover
faster, and avoid injuries. The Company believes that post workout
recovery, with Spikes CBDX products, can lower inflammation, aid in
making your body stronger, and help recover from injuries
naturally. The CBD line also targets individuals who are looking
for pain relief, better sleep, faster recovery and lowering
inflammation. Spikes CBDX provides tinctures, lotions, moisturizer,
and cryo-gel roll-ons. To view all the Spikes CBDX products please
visit: spikescbdx.com.
About Elev8 Hemp: Elev8 Hemp’s mission is
simple: craft the highest-quality, organic hemp products for
consumers in search of a healthier, happier lifestyle. Everyone
needs to get the proper amount of healthy proteins to keep them
feeling better and more energetic. We source only the best organic
hemp protein powders—naturally full of powerhouse amino acids and
Omegas-3, 6, and 9—so we can infuse your daily coffee and tea with
an abundance of minerals, vitamins, antioxidants, and
fiber. www.elev8hemp.com
About Versatile Industries: Versatile
Industries, LLC is an acquisition company used to incubate
companies to eventually spin off into their own public vehicles.
Currently owns patent for a sports training assembly called The
Quickness. Company also owns Astound NMN. By supplementing NMN
helps maintain NAD+ levels, ultimately slowing the effects of
aging. www.astoundnmn.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You can identify these statements by the use of
the words "may," "will," "should," "plans," "expects,"
"anticipates," "continue," "estimate," "project," "intend," and
similar expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, general economic and business
conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in technology and methods of
marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
www.brandedlegacy.com
(407) 337-0642
info@brandedlegacy.com
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