Under the Symbol:
KYN CAPITAL GROUP INC., Announces the acquisition of ATAX Financial, Inc., to Begin Equipment Leasing for Organic Grow Rooms with Acquisition Partners
Wednesday, October 10, 2018 8:00 AM
NEW YORK, NY / ACCESSWIRE / October 10, 2018 / KYN Capital Group Inc. (OTC PINK: KYNC) Board of Directors announced today that the company has signed an agreement to acquire ATAX Cloud, a financial equipment leasing and tax preparation company. This subsidiary is a franchise that provides Financial Services, Leasing, Tax preparation, Payroll, and other ancillary services in the financial sector. This acquisition is expected to close by October 20, 2018.
Mr. Yeboah, The CEO of KYNC, Stated, "This acquisition enables the company to provide key services in the Equipment Leasing and Financing area as well as tax preparation, financial statements for both public and private companies. ATAX has multiple revenue streams and the company will discuss the value of them with its shareholders after October 20, 2018."
This acquisition is the first of many to come for KYNC which gives us the ability to have the equipment necessary for organic grow rooms for other companies we plan to acquire. The board of directors are very excited about the future of the company and believe this will create greater share value for its shareholders.
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements made herein. Please refer to KYN Capital's Disclosure Statement ("Disclosure Statement") first published on May 28, 2015, on www.otcmarkets.com, and most recently updated on August 31, 2018 for a more complete description of KYN Capital's operations. Any summary description contained herein is qualified in its entirety to the fuller description contained in the Disclosure Statement.
SOURCE: KYN CAPITAL GROUP INC.
Clem Yeboah, President/CEO
SOURCE: KYN Capital Group Inc.