PacificWave Partners Limited Closed the Acquisition of a Controlling Interest in CoConnect, Inc.
05 Maggio 2014 - 6:59PM
PacificWave Partners Limited (PacificWave Partners), an innovatory
global merchant bank and investment management firm, announced that
on May 1, 2014 it closed, on behalf of itself and a group of
private investors based in Europe, the acquisition of a controlling
interest in CoConnect, Inc. (OTCQB:CCON), a publicly traded Nevada
corporation (the Company). The transaction consisted of the
purchase from three of the Company's shareholders of 2,582,767
shares of the Company's common stock, representing 93.9% of the
outstanding shares (excluding options and warrants). In addition,
the selling shareholders surrendered for cancellation 100,000
shares of the Company's Series B Preferred Stock. Other terms of
the transaction were not disclosed. The Company is a publicly
traded shell corporation with no current operations.
Henrik Rouf, Managing Director of PacificWave Partners, stated:
"With the acquisition of a controlling interest in CoConnect, Inc.,
and the related private financing, we now have a platform for the
acquisition of an operating company through a reverse merger or
similar transaction. We are currently in the process of
evaluating potential acquisition target companies in the global
luxury chocolate and related cocoa industry sectors."
About PacificWave Partners
PacificWave Partners is a privately held global merchant bank
and investment management firm. The Company provides a wide range
of financial services to privately held and publicly traded
companies in the United States, Europe and Asia. Services include
investment management solutions for high-net-worth individuals,
assistance with private placements, reverse mergers and alternative
public offerings. Founded in 2004, the firm is headquartered in
Los Angeles with representative offices in Luxembourg.
Disclaimer – Forward Looking
Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of 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. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally
preceded by words such as "may," "future," "plan" or "planned,"
"will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements; projected events in
this press release may not occur due to unforeseen circumstances,
various factors, and other risks identified in a company's annual
report on Form 10-K and other filings made by such company.
Information found on PacificWave Partners' website and the
website of CoConnect, Inc. is not incorporated by reference.
CONTACT: Media Contact:
Henrik Rouf
Managing Director, PacificWave Partners Limited
+1 323 650 3760
info@pacificwavepartners.com
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