SNM Global Issues Report on Current Operations and Prepares for Significant Increase in Revenues and Asset
16 6월 2010 - 9:30PM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) issues operational update on
the implementation of its recently announced enhanced business plan
and new strategic direction.
Corporate Update
- The Company sold its subsidiary, LGN Entertainment
Distribution.
- The transaction provided the elimination of significant
long-term debt and added new assets and operations.
- Shareholders will retain their prior ownership with no
modification.
- No recapitalization or reverse-split of any kind will be part
of the Company's new operations.
- No new stock is being issued as part of the transaction.
Stockholders will experience no dilution resulting from the
transaction.
- Majority stock control of the company was purchased in a
private transaction. No new stock was issued as part of the
transaction.
- Former Board of Directors and Officers have resigned and
replaced with new executive management.
Operational Update The Company's strategic restructuring of its
operations, including the new business model and operations
include:
- The corporate-wide re-branding and launch of new website portal
at www.SNMNglobal.com.
- Official launch of its pioneering MicroTechnology Transfer
Program and MicroEquity Partner Program.
- Relocation of its main operations from Florida to the incoming
operational business units base in London, reflecting the
international scope of its operations.
- Official launch of its pioneering MicroTechnology Transfer
Program and MicroEquity Partner Program.
Future Updates Investors can anticipate updates on the
following:
- Increase of Stockholder Equity through the elimination of
corporate debt and addition of new technology assets.
- Appointment of industry professionals to the Company's Advisory
and Business Development Boards.
- New additions and expansions to the Company's Intellectual
Property assets.
- New additions to the Company's portfolio of licensable and
revenue producing technology and solutions.
- New technology Emerging Economy Joint Development and
Distribution agreements and status reports on current
projects.
- Full business plan information and regular technology briefings
on the company's technology development, licensing, distribution
and worldwide expansion.
- Upgrade of stock listing and disclosure documents and
financials posted with the OTC Disclosure Service.
SNM Global Holdings recently announced completion of its
strategic restructuring of its operations. The new business model
and operations includes a corporate-wide re-branding and official
launch of its pioneering MicroTechnology Transfer Program and
MicroEquity Partner Program.
SNM Global, through its innovative MicroTechnology Transfer
(mt2) Program and MicroEquity Partner Program, enables the
acquisition, development, and transfer of technologies that will
provide for the betterment of society and provide the catalyst for
emerging markets to leapfrog into the sustainable sectors that will
drive the twenty-first century.
SNM Global Holdings provides international emerging markets with
alternative energy, and decentralized power production
technologies. The company also provides biotech and healthcare
related assets and technology to these markets. The company
believes its new and enhanced operational plan will provide
significant revenue, equity growth, and serve the betterment of
emerging economies.
SNM Global's MicroTechnology Transfer (mt2) Program is designed
to further the commercialization of promising technologies that
will benefit emerging markets in four key areas:
- Energy -- Clean, Renewable, and Sustainable Energy
- Health -- Better Health & Living
- Water -- Drinking Water, Irrigation & Sanitation
- Agriculture -- Green Biotechnology
The Company encourages collaboration with public, private and
institutional partners in all phases of the development and
technology transfer cycle; and accepts submissions from both
collaborative development, distribution and inventor partners
through the Collaboration Portal on its new website at
www.SNMNglobal.com
The company anticipates numerous technology and operational
acquisitions and will continue to provide regular updates The
Company will soon announce additional details alongside full
operational and financial disclosures.
About SNM Global Holdings SNM Global
Holdings (SNM Global) is a technology holding and development
company that invests in, acquires, and develops Intellectual
Property Assets and Operations in the Clean/Alternative Energy,
Biotech, Water and Better Health & Living sectors adapted
specifically for the emerging global markets.
The Company realizes revenues from the distribution of its
technology, products, and solutions through its network of
international agents and distributors and through the licensing of
Intellectual Property through its innovative mt2 Program. The
Company provides its International MicroEquity Partner program to
our local partners in our target international markets. This
program provides initial funding to a community building and
life-enhancing organization. The Company sees profits through
equity ownership and sales and distribution of its technology and
solutions.
The company operates through its subsidiaries and various
distribution partners worldwide.
Safe Harbor This release contains
statements or projections regarding future performance that is
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from those projected as a result of certain risks and
uncertainties. The company's filings contain various RISK FACTORS
(and are incorporated on the Company's website "Investors" section
by reference) and should be read before any investment
decision.
CONTACT: SNM Global Holdings St John's House London EC1V
4JL United Kingdom Tel Number: 020 7096 0200 Investor Relations: 1
(321) 251-6082 info@snmnglobal.com www.snmnglobal.com
SNM Global (CE) (USOTC:SNMN)
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SNM Global (CE) (USOTC:SNMN)
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