Full Alliance Group, Inc. issues Shareholder Update
LOS ANGELES, CA / ACCESSWIRE / December 19, 2018 / Full Alliance Group, Inc. (OTC PINK: FAGI), issues Shareholder Update.
As 2018 comes to a close, the Board of Directors would like to thank our shareholders, employees and their families for the continued patience and support as we continue working to reach our objectives. We appreciate that for many it has come at a cost, both emotionally and financially. Your perseverance is appreciated and allows us to continue moving FAGI forward.
Material events previously stated in FAGI’s Quarterly filings under “Subsequent events” include FAGI management continuing to move forward with the acquisitions of MY PAY, Kelevra Digital Solutions, SA.de C.V., GBE Grupo Empresarial de Tamaulipas SAPI de CV subsidiaries during the first half of the year. Additionally, in the third quarter of 2018, the Company signed a Letter-of-Intent to Acquire a New York Based Investment Banking Firm (“IBC”), upon completion, the IBC will become a wholly-owned subsidiary of the Company. In the fourth quarter of 2018, the Company entered into a Purchase Agreement with the “IBC” which was signed by the parties, pending due diligence, final legal and regulatory review and approvals, and raising the required minimum funds.
Company executives have made significant progress in other strategic joint ventures, which we are excited to share once terms have been agreed upon by both sides.
Thank you for your continued patience, support and your commitment to Full Alliance as we look forward to 2019 and beyond.
CEO & Chairman of the Board
About Full Alliance Group Inc. (FAGI)
Full Alliance Group Inc. (FAGI) is a multi-faceted holding company with varied interests in banking and point-of-sale (POS) technology, financial services, real estate, and nutraceuticals. Full Alliance Group (FAGI) provides investment capital, modern business practices, and best-in-class management to assist growing companies to reach 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.