Phoenix, AZ -- March 3, 2017 -- InvestorsHub NewsWire
On March 3, 2017, NOHO, Inc. (OTC:DRNK),
a Wyoming corporation (the "Company") announced the
following:
The Company is releasing a summary of the shareholder list as of
March 2, 2017 to resolve any confusion there may be with the
investing public. As previously reported, the 54 billion shares of
common stock exchanged by NOHO in the share exchange agreement with
Media360 Licensing, Inc. on September 9, 2016, were retired and
reissued as Series B Preferred Shares on a ratio basis consistent
with the share exchange agreement. The issued 21,600,000
Series B Preferred Shares are not tradable and represent the
control block of the Company.
Further, pursuant to the Spin-Off Agreement with Purple
Investment Group, Inc. dated September 9, 2016, the 2,500,000,000
shares belonging to Dolce B Investments were transferred to NOHO as
collateral and an initial guarantee of Purple Investment Group,
Inc.s assumption of liabilities of NOHO, until such time as those
liabilities are satisfied and no longer pose a contingent risk to
NOHO. As previously reported those shares were canceled.
Attached to this Release is a summary from the Companys new
transfer agent, Interwest Transfer Company, Inc. As of March 2,
2017, there are 5,290,162,415 common shares issued and outstanding.
Out of the 5,290,162,415 common shares, 4,885,154,206 are free
trading. There are no other common shares that exist. The preferred
shares are not tradable stock and represent the control block of
the company.
See Transfer Agent Share Summary Here - http://investorshub.advfn.com/uimage/uploads/2017/3/2/maufwNOHO_SHARE_STRUCTURE.jpg
About NOHO, Inc.
The Shot
We have re-launched the Companys flagship 2OZ shot through our
new sales site at www.nohoshot.com. We have done significant beta
testing over the last two months through social media marketing to
identify and optimize our target audience and have initiated a
behavioral retargeting campaign to prospective customers who have
visited our site. We intend to pursue a full rollout of this
campaign through our recent acquisition, Choice Adz, in order to
maximize sell through on monthly deliveries direct to the
consumer.
The Company is negotiating a master distribution agreement with
a large, Phoenix based manufacturer to expand the NOHO Shot in the
retail market throughout the United States. This is a fully
integrated solution that provides unparalleled efficiencies and
logistics by offering a manufacturing solution, warehousing and
sales force, with sales and distribution to hundreds of existing
retailers around the country. In addition, the distributor has
indicated it will introduce NOHO to its relationships in the
convenience store vertical as well as big box stores, when the
appropriate sales and production volumes warrant.
Sales Center
The Company is currently selling its 1Tapp mobile application in
our Phoenix offices. We are entering agreements to test a number of
inbound lead acquisition models and we have brought on financing
and leasing products to package with the small business App. Our
initial marketing research since the launch in January has focused
our sales efforts on a select group of verticals we will be
targeting within the next week.
We will be offering the Easy Pay program, which is a state of
the art consumer financing solution, allowing small business owner
to offer customers an instant approval third-party loan to finance
their larger ticket purchases. The Company will charge enrollment
fees as well as monthly fees to host clients mobile Apps. In
addition, the Company will be paid fees based on the volume of
loans placed through our business clients.
Through these solutions, we are vastly increasing the number of
daily sales opportunities and will now only have salespeople
in-house taking qualified, inbound referrals. We will be
integrating the mobile App with the financing solution and have
also secured a leasing company that will enable our sales team to
offer our client base our higher priced digital marketing products
on a cost effective, monthly leasing option. Typical leasing
clients will enter 36 month leases for our equipment and servicing.
The Company will be paid in advance for the entire term of the
lease.
Choice Adz
Since the acquisition, Choice Adz has negotiated agreements with
seven independent sales organizations, comprising a total of 3,000
face-to-face salespeople. These groups will be selling the family
of products offered by Choice Adz, BizConnet360 and 1Tapp. The goal
is to establish additional agreements to grow the independent sales
force to 10,000 by end of the year.
Audit
As previously announced, the Company is presently auditing the
financials of the Company and intends to file a registration
statement with the Securities and Exchange Commission to become
reporting under the 1934 Exchange Act upon completion.
For additional information on NOHO please visit www.nohodrink.com and our full product site at
www.imbutek.com.
Cautionary Note Regarding Forward-Looking
Statements.
This press 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 the Noho, Inc. (the
Company), 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 are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond the Companys ability to control, and actual results may
differ materially from those projected in the forward
looking statements as a result of various factors. You should
not place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors,
which are, in some cases, beyond the Company's control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
Investor/Media
Contact:
PR@nohodrink.com