LOS ANGELES, Nov. 9, 2011 /PRNewswire/ -- Verde Media Group,
Inc. (OTC: VMGI) announced it has acquired the controlling interest
of the outstanding equity of Heathrow Natural Food and Beverage,
Inc. (OTC: HRNF). Heathrow owns the Million Dollar Shootout, an
internationally distributed reality television series and golf
competition, and the distribution of Heathrow Natural Food and
Beverage line of natural food, beverage and supplement products.
Under the acquisition, Heathrow will continue as a finance company
working in conjunction with existing and future Verde Media
projects while the companies' shares continue to separately trade
on the OTC Market. Additionally, Verde will assist in attaining
current pink sheet issuer status for Heathrow on
www.otcmarkets.com.
"The acquisition marks a substantial increase in assets on the
balance sheets of both companies, which will now share resources
mutually beneficial to the shareholders of both companies," said
Verde Media Group President William
Veve. Additionally, under the terms of the acquisition,
Verde will acquire the Million Dollar Shootout, together with all
rights thereto, with Heathrow acquiring shares of Verde Media.
"We are excited about the opportunity presented to Heathrow and
the increased value to shareholders it will bring. Our first step
will be to position the company for financing activities for media
projects of Verde and other media partners that are offering
beneficial opportunities for the company to take advantage of,"
said Heathrow CEO Michael
Pagnano.
Management noted that further details of this acquisition and an
update on all projects would be forthcoming in future releases.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
The results described herein cannot be guaranteed. This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Statements in this news release other than statements of historical
fact are "forward-looking statements" that are based on current
expectations and assumptions.
CONTACT:
Verde Media Group Inc. William
Veve, 310-954-9160 info@verdemediagroup.com
SOURCE Verde Media Group, Inc.