Verde Media Group, Inc. Announces Acquisition of Heathrow Natural Food and Beverage, Inc.
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.
Verde Media Group Inc. William Veve, 310-954-9160 firstname.lastname@example.org
SOURCE Verde Media Group, Inc.