Clearwave Telecommunications Inc. Completes Strategic Acquisition of World Nation Live Entertainment Inc.
October 29 2015 - 9:30AM
InvestorsHub NewsWire
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La Jolla, CA -- October 29, 2015 -- InvestorsHub
NewsWire -- Clearwave Telecommunications,
Inc. (OTC Pink: CWTC) announced today the strategic
acquisition of World Nation Live Entertainment
Inc.
On October
26th, 2015, United States based
World Nation Live Entertainment, Inc. closed on an agreement with
Clearwave Telecommunications, Inc. (OTC PINK:CWTC) pursuant to
which shareholders of World Nation Live Entertainment, Inc. became
the largest shareholders of Clearwave Telecommunications, Inc. This
will be accompanied by the name change of Clearwave
Telecommunications, Inc. to World Nation Live Entertainment, Inc.
and a symbol change to be advised upon completion. Under the new
agreement, specific directors and officers of Clearwave
Telecommunications , Inc. have resigned and will be replaced by
designees of World Nations Live Entertainment, Inc. Darryl Payne
will be the new CEO of Clearwave Telecommunications,
Inc..
Darryl Payne,
the award winning CEO of World Nation Live Entertainment,
Inc., has over three decades of experience writing and
producing music. He has accumulated an extensive library of music
masters and television shows featuring many of the biggest
entertainer’s in music history. He has produced concerts that are
recognized around the globe, used by music companies and television
networks. He has earned on more than one occasion,
Billboard’s prestigious Number One Producer Awards. He has
been credited on more than 2,000 releases, including five different
artists on the Billboard Charts at the same time.
The new World Nation Live Entertainment, Inc.
http://worldnationliveentertainment.com/ showcases
the company's experienced team and its corporate
strategy.
No splits or any
reclassification of the shares of the company are required under
the agreement.
Mr. John Coleridge, Chief Executive Officer of
Clearwave Telecommunications states, "We have identified a
significant opportunity which we believe will reposition the public
company in the 'Communications and Entertainment Sector'. We are
delighted to say that we can bring to the shareholders a talented
team whom boasts decades of extensive success in the Communications
and Entertainment
sector."
World Nation Live Entertainment, Inc. is building
upon its direct relationships with legendary performers and event
production partners, and through the bridge of technology, that
will deliver cross platform interaction to expand reach while
improving the creator and consumer value model,” stated Darryl
Payne, World Nation Live Entertainment, Inc. CEO.
The previous
acquisition of Limitless Communications, Inc. will be
terminated.
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Investor relations
Teso Corporate Communications
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