ML Capital Group, Inc. Lays Foundation for a Disruptive Acquisition Strategy
June 14 2017 - 1:00PM
Access Wire
"A Strategy that Disrupts Tourism's Ugly White
Elephant...and Gives it a Unicorn!"
MIAMI, FL / ACCESSWIRE / June 14, 2017 / ML
Capital Group, Inc. (OTC PINK: MLCG) has executed a Letter of
Intent with DinoStar, Inc., (NV) to acquire certain assets,
know-how and ongoing operations to further grow a specific business
inside MLCG's travel & tourism vertical. MLCG will pay DinoStar
$2,000,000.00 for the acquisition; the Definitive Agreement of
which, MLCG and DinoStar will execute upon MLCG becoming current
with OTCmarkets.com. This acquisition will not only dramatically
expand MLCG's tourism business, it will fundamentally disrupt the
travel and tourism sector.
This, among other burgeoning opportunities that are already
manifesting on the Company's immediate horizon, has motivated MLCG
to take steps to fortify its existing foundation. Specifically, the
Company has increased its authorized capital structure and created
several new classes of preferred shares. The latter allows the
company to provide new Officer and Director compensation plans, as
well as an attraction mechanism for new, outside capital
investment. Par value remains unchanged at $0.00001. In addition,
while the Company has previously expressed desire to change the
Company's name and symbol, it has elected to maintain the ML
Capital Group, Inc. name, based entirely on this and other pending
acquisitions.
"This acquisition brings a highly disruptive business to our
balance sheet that has the potential to do $3m in 2017, $7m+ in
2018 with fantastic margins." added CEO Kevin Bobryk. "The changes
we have made, and continue to make, lay the foundation for a
strategy that disrupts tourism's ugly white elephant of a business,
and gives it a unicorn. Adding and integrating our existing
components to this exciting acquisition is ground breaking."
Details of the acquisition will be included in the forthcoming
quarterly disclosure filing, in the subsequent events section.
For Further Information:
Platinum Tours Maui and ML Capital Group politely and formally
request that all inquiries, whether stock-related or travel be
submitted to investor relations at info@mlcginc.com.
Staff at the tour company will not and are not able to answer
any inquiry, stock-related or otherwise. You will be directed to
the info@mlcginc.com email address for further information and
direction. Investor relations directly interfaces with the company
and any questions related to tourism or travel will be immediately
directed to the appropriate staff in the tour company.
Safe Harbor:
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the Securities Act of 1934. Statements contained in this
release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
ML Capital Group
Contact: Investor Relations
Email: info@mlcginc.com
+1-786-313-3206
SOURCE: ML Capital Group, Inc.
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