LOS ANGELES, CA / ACCESSWIRE / July 10, 2018 / Full Alliance Group, Inc. (OTC PINK: FAGI) ("Full Alliance Group" or "FAGI"), is pleased to provide shareholders with a status update letter.
I would like to address several issues regarding FAGI's holdings and strategic plans which should be clarified. Full Alliance Group is not in any way affiliated with the CBD, hemp or cannabis growth, manufacturing, distribution or any affiliated products or services, nor does it have desire to have such an affiliation moving forward. Potential opportunities in these areas were at a point in time considered and vetted but after performing due diligence it was determined to be inconsistent with company values and goals.
Previously mentions of associations include but are not limited to, Wincon, HRM Farms, and DiMora Pods have been terminated as the company remains focused on finalizing its other banking, technology, and real estate acquisitions.
However, I am pleased to announce that we continue to make progress in closing the acquisitions of the following companies: MyPay, Kelevra Digital Solutions, SA.de C.V., GBE Grupo Empresarial de Tamaulipas SAPI de CV, and Grupo Richard.
Regarding the status of our announced dividend. The company plans to complete the transaction for our shareholders, but due to ongoing negotiations for a reverse-takeover-merger by a New York-based financial institution, the status of the dividend has been suspended pending completion of these negotiations.
The Board of Directors would like to thank shareholders, our employees and their families for the continued diligence.
Chairman of the Board / CEO
Contact: [email protected]
ABOUT FULL ALLIANCE GROUP
Full Alliance Group Inc. is a multi-faceted company with current diverse investments in the United States and Latin America, focusing primarily FinTech technologies and banking opportunities. Once these strategic acquisitions are procured and integrated into the long term objectives of the company, Full Alliance Group will provide investment capital, modern business practices and best-in-class management to cultivate and mature these companies to their greatest potential.
This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: "expect", "goals", “could”, "plans", "believe", “continue", "may", "will" and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins.
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.
SOURCE: Full Alliance Group, Inc.