Church elevating cash to buy previous Franklin Elementary College constructing

FRANKLIN, WV. (WHSV) – Redeeming Grace Outreach Worship Center is soliciting donations to raise $ 350,000 for the purchase of the old Franklin Elementary School building as the new home of their ministry.

The Church’s current home is in a small building on Route 33 in Brandywine and is no longer able to sustain all of its growing ministries.

“This system already has the maximum capacity that we can use. In fact, we had to give up our clothing service because we didn’t have enough space due to our expansion, ”said Jason Boggs, pastor at Redeeming Grace.

The Church is already serving the community in a variety of ways and is keen to expand its ministries to include soup kitchen, addiction care, counseling, clothing services, and new ways to help.

“We plan to set up a homeless shelter on the second floor of the school during the winter season to accommodate people in Rockingham County, as well as Moorefield and Petersburg and some in Franklin, for those who need a place to stay for the night,” said Boggs.

The Church also plans to provide more confidential addiction counseling at the larger facility, as well as establishing a youth center to address the high rates of drug use and suicide among youth in the area.

“It’s gotten out of hand, so hopefully by opening doors we can make a difference,” said Richard Lockner, a Redeeming Grace member who also serves as the Church’s treasurer.

“Everyone in this area goes to Virginia to find a job and work, so there really aren’t any jobs here. There aren’t many places for children, ”said Pastor Boggs. “So we just want to bring them in there and entertain them to keep them out of trouble so they don’t resort to drugs.”

Redeeming Grace is a nondenominational church that lives up to its name. The building and its pastor were both redeemed in their own way.

“I was serving a drug sentence when I was 15, so reaching out to this community and having a program for chain-breaking addiction is my heart,” said Boggs.

The church’s current building was an old strip club before Boggs and his family decided to renovate it. Now it is a church that is committed to helping those in need and giving people a second chance.

“We at the Redeming Grace ministry are not a perfect place, but we feel like we are the perfect place for imperfect people,” said Scott Combs, one of the other Church pastors.

Like Boggs, Combs fought his own demons and had a history of drinking alcoholism before becoming a pastor. Boggs prides itself on the impartial service of the Church to everyone who needs it.

“Anyone who comes through the door, we just love them,” he said. “We say ‘welcome home’ to them because we really feel like they are at home, no matter what their background, no matter what they have done. If God can take a drug dealer and make him a preacher, God can make anything of their lives. “

Of the $ 350,000 it took to purchase the school building, the Church has currently raised just over $ 22,000.

If you want to donate, you can do so here.

Copyright 2021 WHSV. All rights reserved.

Future FinTech Indicators Definitive Settlement to Buy UK Cash Fee Service Firm

NEW YORK, September 7, 2021 / PRNewswire / – Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as” Future FinTech “,” FTFT “or” the Company “), a leading blockchain-based e-commerce company and fintech Service provider announced today that on September 1, 2021the Company signed a definitive agreement (the “Agreement”) to acquire 100% of the equity of Khyber Money Exchange Ltd. (“Khyber Exchange”) by Rahim Shah | (the seller”).

Khyber Exchange is a money transfer company with a platform to transfer money through one of its agent locations or through its online portal, mobile platform or over the phone. Khyber Exchange was integrated into February 2009, is headquartered in the UK and has offices in Germany and Italy; his website is https://khyberexchange.com.

According to the agreement, the company will acquire 100% of the equity of Khyber Exchange for a purchase price of € 685,000 (approx US $ 820,170). The company conducted extensive operational, legal, and financial due diligence to achieve this agreement. The Khyber Exchange is regulated by the UK’s Financial Conduct Authority (FCA); the acquisition must be approved by the FCA prior to formal closure.

More detailed information about the agreement can be found on Form 8-K and filings with the Securities and Exchange Commission September 7, 2021.

Shanchun Huang, Chief Executive of Future FinTech, commented, “We are excited about this acquisition as it further expands our presence as a fintech and further diversifies our geographic reach in terms of international business transactions and cash flows. We believe there will be synergies with other financial services businesses that we develop. “

“Khyber Exchange will also be an excellent fit for FTFT UK Limited, our recently established subsidiary that provides us with the operational base for developing the fintech business in Europe. Our goal is to become a diversified fintech company that seizes current opportunities and integrates them into a comprehensive business platform, and to create a company that can meet the current financial needs of its customers and positively transform the traditional banking sector to provide innovative products and services to bring to market, ”concluded CEO Huang.

The story goes on

Rahim Shah |, Chief Executive Officer of Khyber Exchange, stated, “As a global money transfer company, Khyber Exchange can send money to over 130 countries through its agents, online portal, mobile platform or over the phone. Fund transfers can be collected from their offices or via the beneficiary’s bank account, with the funds transferred being credited within 24 to 48 hours. Khyber Exchange guarantees its customers that its transactions are executed at the best possible exchange rate, are secure, reliable, and processed instantly. It has amassed a significant number of loyal customers over the past decade. The acquisition by FTFT will help Khyber Exchange run its business and operations in Asiaespecially in the fast growing Chinese market. “

About Future FinTech Group Inc.

Future FinTech Group Inc. (“Future FinTech”, “FTFT” or the “Company”) is a leading blockchain e-commerce company and a Florida-based financial technology service provider. The company’s business activities include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain-based application projects and financial services for the supply chain industry . The company is also engaged in the development of blockchain-based e-commerce technology as well as financial technology. For more information, please visit https://ftft.com/.

Safe Harbor Statement

Certain statements made in this press release are “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, or the Stock Exchange Act. Forward-looking statements include statements relating to our beliefs, plans, goals, goals, expectations, expectations, beliefs, estimates, intentions and future performance and involve known and unknown risks, uncertainties and other factors that are beyond our control and are related thereto could cause actual results, performance, capital, property or achievements of the company to differ materially from the future results, performance or achievements expressed or implied in such forward-looking statements. All statements that are not historical facts are statements that may be forward-looking statements. You can make these forward-looking statements through our use of words such as “may”, “will”, “anticipate”, “assume”, “should”, “state”, “would”, “believe”, “consider,” “expect” , “estimate,” “continue,” “plan,” “show,” “project,” “might,” “intend,” “aim,” and other similar words and phrases for the future.

All forward-looking statements, whether written or oral, attributable to us are expressly restricted in their entirety by this caution, including, but not limited to, the risks and uncertainties set out in our Annual Report on Form 10-K for the December 31, 2020 ending Year and our other reports and filings with the SEC. Such reports are available upon request from the Company or the Securities and Exchange Commission, including on the SEC’s web site at https://www.sec.gov. We have no obligation or undertake to update, revise or correct any forward-looking statements after this date or after the respective date on which such statements are otherwise made.

Cision

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SOURCE Future FinTech Group Inc.

Rand Paul’s Spouse Reportedly Misplaced Cash on Gilead Inventory Buy Disclosed 16 Months Late

Kentucky Senator Rand PaulThe wife’s wife has reportedly lost money on a stock purchase for a company conducting COVID-19 treatment, an investment that was reported 16 months late.

Paul filed a mandatory disclosure on Wednesday that revealed on February 26, 2020 that Kelley Paul had purchased between $ 1,001 and $ 15,000 worth of shares in Gilead, the company that makes the antiviral drug Remdesivir. The investment was made after congress was informed of the threat posed by COVID-19, but before the public was largely aware of it.

Senator spokeswoman Kelsey Cooper said in a statement that Kelley Paul used her own money on the investment and ended up losing money on it. Cooper called the senator’s failure to disclose the deal an oversight.

“Last year, Dr. Paul filled out the registration form for an investment his wife made with her own income, an investment where she lost money,” said Cooper. “In preparing to file his annual financial reports for last year, he learned that the form had not been submitted and immediately notified the filing office asking for their guidance. In accordance with these instructions, he filed both reports yesterday.”

According to the Stock Corporation Act, a law from 2012 designed to prevent the legislature from insider trading, the purchase of the stock should have been reported within 45 days.

More coverage from the Associated Press can be found below.

Senator Rand Paul’s wife invested in Gilead stock, which he reported 16 months later. Above, Paul discusses with Senator Todd Young during a business meeting of the Senate Foreign Affairs Committee on August 4, 2021.
Drew Angerer / Getty Images

News of the impending threat from the coronavirus spread through Congress in late January 2020 after members received the first of several briefings on the associated economic and health threat.

The release 16 months late adds Paul to a growing list of lawmakers from both parties who scrutinized their stock trading during the outbreak, which was declared a pandemic in March 2020.

Gilead stock traded for about $ 75 per share on the day Kelley Paul made her purchase. In April 2020, it rose to about $ 84 per share before falling again. Stocks now trade around $ 70 apiece.

The Kentucky Senator isn’t the first member of Congress to disclose deals that have been suggested by critics to benefit from the pandemic. Nor is he the first to fail to disclose trades in the required time.

However, the $ 1,001-15,000 invested by his wife is also tiny compared to some other lawmakers who bought or sold hundreds of thousands – if not millions – of stocks worth hundreds of thousands – if not millions – during the pandemic. (Congressional financial statements indicate dollar spreads for the value of assets, not specific dollar numbers.)

The Associated Press previously reported that New Jersey Democratic MP Tom Malinowski had repeatedly disclosed deals worth up to $ 1 million in medical and technology companies that were involved in the virus response.

Republican Senators David Perdue and Kelly Loeffler of Georgia both lost their runoffs for the senate in January after own stock trading became a major election issue. Both were investigated by the Justice Department and eventually released.

Perdue had dumped $ 1 million to $ 5 million worth of stock in a company he was previously a board member of. After the markets collapsed, he bought it back and earned a godsend after the price soared.

Loeffler and her husband, the CEO and chairman of the New York Stock Exchange’s parent company, dumped millions of dollars in stocks after a briefing about the virus.

North Carolina Republican Senator Richard Burr perhaps drew the most attention to his professions. He resigned as chairman of the Senate Intelligence Committee after the FBI received a search warrant to confiscate a cell phone.

Burr and his wife sold between $ 600,000 and $ 1.7 million in more than 30 transactions in late January and mid-February, just before the market began to decline and state health officials began to raise the alarm about the virus. Burr was caught on a tape in early 2020 that privately warned a group of influential voters to prepare for economic devastation.

The Justice Department investigated Burr’s actions but did not bring charges and closed the case.

However, Paul is unique in some ways. As the first senator to infect COVID-19, he has repeatedly railed against mask mandates and other public health tools to stop the virus from spreading.

YouTube banned Paul for seven days on Tuesday and removed a video he posted claiming that cloth masks won’t prevent infection because it violates COVID-19 misinformation guidelines.

It’s the second time this month that one of Paul’s videos has been removed from YouTube for violating its misleading content rules. Paul called YouTube’s decision a “badge of honor” in a tweet.

Paul’s filing of mandatory disclosure was first reported by the Washington Post.


Senator Rand Paul waited more than a year to announce that his wife had bought shares in a company that is carrying out COVID-19 treatment. Above, Kelley Paul speaks during an interview with The Associated Press on the Citadel campus in Charleston, South Carolina on April 16, 2015.
Mic Smith, File / AP Photo

Melco Resorts & Leisure Broadcasts Share Buy and Award Program

MACAU, July 8th, 2021 (GLOBE NEWSWIRE) – Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”) announced today that it has launched a share purchase and incentive program to promote engagement and to honor the commitment of its employees and give eligible employees the opportunity to benefit from the company’s long-term growth.

The share purchase and rewards program applies to eligible employees who agreed to participate in the company’s voluntary vacation program in 2020 at the height of the COVID-19 pandemic, one of a number of proactive cost control measures the company has undertaken in the face of the unprecedented Pandemic challenges.

As part of the Share Purchase and Rewards Program, an eligible employee will be invited to use a portion of their base salary to purchase and grant restricted shares during the term of the program, which runs from July 2021 to June 2022, to purchase and grant restricted shares to the Melco Resorts 2011 Share Incentive Plan a total of 200% of the base salary applicable at the time of grant. The maximum amount of blocked shares that can be issued under the share purchase and incentive program is less than 0.50% of the company’s total outstanding shares as of July 8, 2021.

Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, said: “The Share Purchase and Award Program shows our recognition of the dedication and dedication our colleagues showed during the height of the COVID-19 pandemic last year. As the pandemic gradually subsides, we would like to express our gratitude and appreciation to all of our colleagues and ensure that they have a chance to benefit from the company’s long-term growth. Our colleagues are always the most important ingredient for future success. “

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also make forward-looking statements in its periodic reports to the Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements their officers, directors or employees to third parties. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. These factors include, but are not limited to, (i) the global pandemic of COVID-19 caused by a novel strain of the coronavirus and the ongoing impact of its effects on our business, industry and the global economy, (ii) growth in the gaming market, and Visitor numbers in Macau, the Philippines and the Republic of Cyprus, (iii) capital and credit market volatility, (iv) local and global economic conditions, (v) our anticipated growth strategies, (vi) gambling authority and other government approvals and regulations, and (vii) our future Business development, operating results and financial position. In some instances, forward-looking statements may include words or expressions such as “may,” “will,” “expect,” “anticipate,” “aim,” “aim,” “estimate,” “intend,” “plan,” “believe” , “Potentially”, “further”, “is / are likely” or other similar expressions. For more information about these and other risks, uncertainties, or factors, see the company’s filings with the SEC. All information in this press release is as of the date of this press release and the company undertakes no obligation to update this information unless required by applicable law.

The story goes on

About Melco Resorts & Entertainment Limited

The company, whose American Depositary Shares are listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort properties in Asia and Europe. The company currently operates Altira Macau (www.altiramacau.com), an integrated resort in Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort in Cotai, Macau. The business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based electronic gaming machine operation in Macau. The company also majority-owned and operated Studio City (www.studiocity-macau.com), an integrated movie-style resort in Cotai, Macau. In the Philippines currently operates and manages a Filipino subsidiary of City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and leading integrated resort in Europe. The Company currently operates a Temporary Casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). After City of Dreams Mediterranean opens, the company will continue to operate the satellite casinos while the temporary casino ceases to operate. Further information about the company can be found at www.melco-resorts.com.

The company is heavily backed by its largest single shareholder, Melco International Development Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited and largely owned and run by Mr. Lawrence Ho, the Chairman and Executive Director, and Chief Executive officer of the company.

For the investment community, please contact:
Robin Yuen
Director, Investor Relations
Tel: +852 2598 3619
Email: robinyuen@melco-resorts.com

For media inquiries, please contact:
Chimmy Leung
Managing director, corporate communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

815 Leisure to buy Giovanni’s for non permanent Exhausting Rock On line casino web site

ROCKFORD (WREX) – 815 Entertainment, the group bringing a Hard Rock Casino to Rockford, will acquire the restaurant and convention center from Giovanni to renovate the space for a temporary casino location once approved.

Last week, the Illinois Gaming Board turned down an application to license a casino operator after Giovanni tried to withdraw his application a few days earlier. Under the Illinois Gaming Law, applicants cannot withdraw without the consent of the ITUC.

Illinois Gaming Board administrator Marcus Fruchter said employees recommended denying the supplier’s license “based on behaviors and associations that compromise the integrity of gambling and discredit or tend to discredit the state and gambling in Illinois, discredit it. ” However, Administrator Fructher did not elaborate on this at Wednesday’s meeting.

The rejection sparked a clause in the rental and ownership agreements that would allow 815 Entertainment to acquire Castrogiovannis’s ownership and interest in the company, Terence Dunleavy, attorney for the company, told 13 WREX media partners at the Rockford Register Star. 13 WREX asked Dunleavy for comment, but we haven’t heard from it. Details of the acquisition were not disclosed.

Dunleavy informs the Register Star that this will not affect the timeline of the casino process.

“We are aware that the current owners of the temporary casino website will sell the site to existing investors. We don’t think this change of ownership will slow down the casino process, “Rockford Mayor Tom McNamara said in a statement to 13 WREX.

In February, the Illinois Gaming Board unanimously approved a preliminary suitability study for the Hard Rock Casino, an important step in the process.

If approved by the gaming board, there are plans to open a temporary casino at Giovanni’s with 736 slot machines, a snack bar, a casino bar, and a legacy restaurant that already exists. Plans released by Hard Rock indicate that it will be open for 18 to 24 months while construction of the Hard Rock Casino is underway.

The owner, Joe Castrogiovanni, says he will work with Hard Rock on the project after deciding to remove himself and his wife from the casino licensing process.

“I have decided to remove myself and my wife from the IGB licensing process and work with the Hard Rock staff to make the project easier. I know they will offer a wonderful product for future employees and customers. The Rockford City deserves nothing But the best, and we will continue to be proud to support this project and everything it brings to our region. “- Joe Castrogiovanni, Owner / Giovanni

Allied Esports Leisure and Factor Companions Amend Inventory Buy Settlement

Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company” or “AESE”), a global esports entertainment company, announced today that it has amended its share purchase agreement with Element Partners, LLC (“Element”) for sale all of the outstanding capital of any entity that collectively operates or operates the poker business and assets of the Company (the “WPT Business”). The amendment to the share purchase agreement increases the total purchase price from $ 90.5 million to $ 105 million.

The company’s board of directors unanimously approved the amendment to the share purchase agreement. In connection with approving the change, the Company’s Board of Directors, in consultation with its financial and legal advisers, compared the terms of the amended share purchase agreement to the terms of Bally’s Corporation (“Bally’s”) proposal to acquire WPT Business for $ 105 million. Upon such review, the Board of Directors determined that Bally’s proposal did not constitute a “superior proposal” (as that term is defined in the share purchase agreement with Element).

The transaction is expected to close in late April 2021, provided the Company’s shareholders approve the transaction and comply with required regulatory approvals and other customary closing conditions.

About the World Poker Tour

The World Poker Tour (WPT) is the premier name for internationally televised games and entertainment with branded presence in land-based tournaments, television, online and mobile. WPT has been a leader in poker since 2002, sparking the global poker boom with the creation of a one-of-a-kind television show based on a series of high-stakes poker tournaments. WPT has broadcast in more than 150 countries and territories worldwide and is currently producing its 18th season which will air on FOX Sports Regional Networks in the United States. Season XVIII of WPT is sponsored by ClubWPT.com. ClubWPT.com is a unique online membership site that provides internal access to the WPT, as well as a sweepstakes poker club available in 43 states and territories in the US, Australia, Canada, France and the UK. WPT also engages in strategic brand licensing, partnership and sponsorship opportunities. Please visit WPT.com for more information. WPT Enterprises Inc. is a subsidiary of Allied Esports Entertainment, Inc.

The story goes on

About Allied Esports Entertainment (AESE)

Allied Esports Entertainment (NASDAQ: AESE) is a global esports entertainment company dedicated to delivering transformative live experiences, cross-platform content and interactive services worldwide through the strategic merger of two strong entertainment brands: Allied Esports and World Poker Tour (WPT). On January 19, 2021, AESE entered into a share purchase agreement (the “Original Agreement”) to sell the interests WPT owns to Element Partners, LLC, subject to all applicable shareholder and regulatory approvals and other terms of the deal were satisfied. The original Agreement was amended and adapted on March 19, 2021 and further amended on March 29, 2021 (the “Amended Agreement”).

Important additional information and where to find it

AESE has filed a declaration of consent with the SEC in connection with the transactions contemplated in the original agreement and has sent a declaration of consent to its shareholders. It will submit supplementary documents to the amended agreement (the “Sales Transaction”) and send them to its shareholders. The supplementary consent form contains important information regarding AESE, Club Services, Inc., the sales transaction and the amended agreement. Investors and shareholders are asked to read the consent form and supplementary materials carefully before making an investment decision or consenting to the sale. Investors and shareholders can obtain free copies of the informed consent, supplementary materials, and other documents filed by AESE with the SEC through the SEC website maintained by the SEC www.sec.gov or contact the attorney at AESE, Regan & Associates, Inc. by phone (toll free in North America) at 1-800-737-3426

Participant in the call

In addition to Regan & Associates, Inc., AESE, its directors and officers may be considered participants in obtaining consents relating to the sales transaction. Information regarding the directors and officers of AESE and their ownership of AESE shares is contained in AESE’s amended Annual Report on Form 10-K / A for the year ended December 31, 2019 and in the final declaration of consent for the sales transaction submitted at AESE was filed with the SEC on February 2, 2021 and is supplemented by other public filings that have been and are required to be filed with the SEC. AESE’s directors and officers advantageously own approximately 6.6% of AESE’s common stock. Investors and shareholders can obtain additional information regarding the direct and indirect interests of AESE and its directors and officers in relation to the Sales Transaction by reading the consent form and other documents referenced above.

Cautionary Statement Regarding Forward-Looking Information

This release contains certain forward-looking statements under the federal securities laws. Forward-looking statements may include our statements about our goals, beliefs, strategies, goals, plans, including product and service developments, future financial conditions, results or projections, or current expectations. In some instances, you may identify forward-looking statements by using words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict.” “potentially” or “further”, the negative of such terms or other comparable terminology. For example, when we discuss the effects of the sales transaction, the satisfaction of the closing conditions for the sales transaction, and the timing of the closing of the sales transaction; We use forward-looking statements in our post-sale plans. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. These factors include, but are not limited to, the occurrence of an event, change, or other circumstance that may result in the termination of the amended contract or otherwise cause the Sales Transaction not to be completed; the outcome of legal proceedings that may be initiated against us after the sale is announced; the inability to complete the Sale Transaction, including due to failure to obtain approval from our shareholders or other conditions for the completion; receiving an unsolicited offer from another party for an alternative business transaction that may affect the sales transaction; a change in our plans to withhold the net proceeds from the sale transaction; our inability to complete one or more future acquisition or strategic transactions with the net proceeds from the sale transaction; and a decision not to pursue strategic options for the esports business. Most of these factors are difficult to predict with accuracy and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made here. AESE’s business and operations are subject to significant risks that increase the uncertainty inherent in the forward-looking statements contained in this release. Except as required by law, we undertake no obligation to publicly announce the result of any revision of these forward-looking statements that may reflect events or circumstances after the date of this document or the occurrence of unexpected events. For more information on potential factors that could affect our business, please see “Item 1A. Risk Factors” in our amended Annual Report on Form 10-K / A for the fiscal year ending December 31, 2019 ending March 17 at with the SEC. 2020. Readers are also requested to review the various disclosures we have made in this amended Annual Report on Form 10-K / A and in the informed consent form relating to the proposed sale transaction that we have filed with and sent to the SEC have to carefully examine and scrutinize our shareholders.

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contacts

Investor contact:
Let glasses
Addo Investor Relations
lglassen@addoir.com
424-238-6249

SMC Leisure Indicators Definitive Buy Settlement to Purchase Spectrum Leisure LLC

SAN FRANCISCO, CA / ACCESSWIRE / February 24, 2021 / SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC PINK: SMCE), a provider of products and services to the entertainment industry, digital communications and content distribution solutions, is pleased to announce that it has entered into a definitive purchase agreement to acquire 100% of Michigan-based Spectrum Entertainment LLC (“Spectrum LLC”) Has. for the equity of SMC Entertainment. SMC expects this acquisition to close soon and will publish the terms of the acquisition when it is closed.

Spectrum Midway & Carnival, the marketing brand name of Spectrum LLC, specializes in rides, games, food and fun for the whole family. Spectrum LLC has been in operation for over 25 years. Revenue for the 2018 and 2019 fiscal years was $ 597,153 and $ 618,204, respectively. Spectrum LLC saw a significant drop in revenue in FY 2020 due to the troubled US economy and expects revenues to recover in FY 2021 as the economy opens up and market conditions improve. At the end of fiscal 2020, Spectrum LLC’s net assets were $ 1,569,000. All figures are unaudited.

SMC will use this acquisition to expand its business plan to include established and proven revenue generating companies that require minimal working capital to operate their existing infrastructure. SMC intends to invest additional capital to increase Spectrum LLC’s market share and add additional games and rides.

Rick Bjorklund, President and CEO of SMC stated: “Since joining the SMC team in 2018, we have continued to seek acquisition opportunities in fragmented markets with an appropriate acquisition valuation. This acquisition provides SMC with additional revenue and strengthens our material assets We believe that there are more strategic acquisitions in this area and we will invest our time in finding the right synergetic expansion opportunities. “

The story goes on

Dan Barbacovick, Founder and Owner of Spectrum LLC, said: “We are pleased that SMC Entertainment has confidence in our growth strategy. Rick Bjorklund has extensive experience in the community events business that fits very well with Spectrum’s goals and visions ! “

About Spectrum Entertainment LLC
Spectrum Entertainment LLC has provided rides, games, food and fun for all the family for over 25 years through its marketing brand Spectrum Midway & Carnival. For more information visit www.spectrumcarnival.com.

About SMC Entertainment, Inc.
SMC Entertainment, Inc. is a provider of products and services to the entertainment industry, digital communications and media content marketplaces. Our multidisciplinary sales approach offers a platform to increase sales growth through acquisitions. For more information visit www.smceinc.com.

Press contact:
Ron Hughes
Operations manager
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.com

Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements contain statements regarding the intent, belief, or current expectations of the company, its members of management and assumptions on which such statements are based. Potential investors are cautioned that such forward-looking statements are no guarantee of future performance and involve risks and uncertainties and that actual results could differ materially from those anticipated in such forward-looking statements.

SOURCE: SMC Entertainment, Inc.

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Group elevating cash to buy neighborhood farm in Fayette County

FAYETTEVILLE, W.Va. (AP) – A group from West Virginia is raising money in hope Buy land for a community farm.

Ian McSweeney, director of the Agrarian Trust, told the West Virginia News Service that the national organization is working with the West Virginia Agrarian Commons to buy an 82-acre farm in Fayette County for a period of 99 years.

He says the cooperative farm will cut costs to help new farmers get started in agricultural production.

Susanna Wheeler, president of the Agrarian Commons in West Virginia, said the Fayette County farm will become New Roots Community Farm when purchased and will expand access to food across the area.