SNM Global Executes to Acquire $49 Million Portfolio and Prepares for International Distribution
06 7월 2010 - 9:30PM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) announced the signing of a
Letter of Intent (LOI) with EQ-ip Equities (EQ-ip), a private
technology and licensing holding company, to acquire, develop,
distribute, and commercialize certain technologies from its
portfolio.
With the signing of this LOI, the company officially launches
its new operations and expansion. Final agreements will be timely
completed and executed with appropriate announcements and
disclosures made. Further sector-specific additions to the
company's portfolio will be announced as they are completed.
EQ-ip specializes in clean energy technologies and solutions for
emerging economies. Its portfolio of nascent and commercial
technologies and Intellectual Property are currently valued in
excess of $49,000,000.
The Agreement calls for the Company to acquire, develop and
commercialize the EQ-ip technologies and Intellectual Property
through its pioneering MicroTechnology Transfer Program (mt2) and
MicroEquity Partner Program. The assets, technologies, and
solutions will be introduced into SNM Global's distribution network
for emerging market insertion and introduction.
SNM Global's 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. The newly acquired technologies and/or
technology groups will be placed in the appropriate stage of the
Company's MicroTechnology Transfer (mt2) Program and MicroEquity
Partner Program.
In addition to its other vertical sectors, 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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