MultiCorp International, Inc Receives Commitment For $50 Million
Strategic Equity Investment
SUN VALLEY, Calif., March 6, 2013 /PRNewswire/ -- MultiCorp
International, Inc, (OTC Pink: MCIC) has received a commitment for
a $50 million dollar strategic equity
investment from Future Energy, LLC, a Hawaiian energy
company. Under the terms of the commitment, Future Energy LLC
has agreed to invest $50 million in
MultiCorp over the next 12 months in exchange for 100 million
shares of MultiCorp common stock. Per the agreement,
MultiCorp will receive an initial investment of $10 million within 30 days in exchange for 50
million shares of common stock. Future Energy will then
invest another $15 million within 90
days and the last $25 million within
12 months at which time the remaining 50 million shares of common
stock will be issued. Future Energy, LLC will be named
as MultiCorp 's energy partner to bring their vast array of
energy solutions to the Dawson
Creek project as well as other housing and development
projects the company is currently bidding on to include a 100,000
unit multi-living complex.
The company released the following statement, "MultiCorp
International, Inc is incredibly fortunate to have a company
realize our true potential and invest this significant amount into
the company. This investment will now allow the company to
completely build out the entire Dawson
Creek property, allow us to secure additional land for
future developments, and to secure future projects the company has
been bidding on the last six months in Europe, Africa, and Asia as well as targeting several
opportunities to expand the company here in the U.S.," stated Mr.
Paul D. Lisenby, CEO of MultiCorp
International, Inc. "With the assistance of Future Energy, LLC the
ability to implement green energy solutions to our housing and
development projects will certainly bring worldwide attention to
what we hope to achieve in the development sector of the
company."
Future Energy, LLC released the following statement, "We feel
very confident this investment into MultiCorp will assist the
company in its global expansion into the energy sector. MultiCorp
has shown their vision for Dawson
Creek and other projects globally will certainly allow
Future Energy, LLC to realize incredible profits. As MultiCorp
secures additional projects Future Energy, LLC will be able to
assist in providing power stations, renewable energy products, and
other large power solutions that will be needed to deliver proper
solutions for their power needs," stated Mr. Jason Sabol, CEO of Future Energy, LLC.
About MultiCorp International, Inc.
MultiCorp International, Inc is a diverse company that operates
in various business sectors that show true growth potential. The
company builds on its executives experience in property
development, constructions, medical, hospitality, agribusiness,
commodities such as oil and gas, and entertainment. MultiCorp
currently has several wholly owned subsidiaries such as Rivalz
Sports Group, Inc which operates 810 AM WRSO Sports Radio in
Orlando, FL www.810wrso.com and
JoyFull Genius, Inc., www.joyfullgenius.com. The company is
currently developing a 157 acre project in Dawson Creek, BC, Canada that will include a full service truck
stop, hotel, motels, restaurants, and light industrial and
commercial businesses. The company looks to expand through
acquisitions of solid business models and management that have the
potential to grow exponentially. The company will have additional
subsidiaries that will eventually grow into being their own public
entity, be sold, or continue to operate within MultiCorp. For
further information please contact them at
info@multicorpinternational.com
Forward-Looking Statements
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
CONTACT
MultiCorp International, Inc.
www.multicorpinternational.com
Contact Info
info@multicorpinternational.com
SOURCE MultiCorp International, Inc.