TQLB - Torque Lifestyle Brands Inc. (TQLB) Announces Letter of Intent to Acquire Mcap MediaWire
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Torque LifestyleBrands, Inc. (OTC: TQLB ) ("Torque", "TQLB", orthe "Company"), is pleased to announce it has executed aLetter of Intent to acquire Mcap MediaWire (“Mcap”), a full-service press release distribution, publishing,and multimedia solutions company focused on news, disclosure, andstreamlined digital solutions for public companies, with additionalrecently launched solutions for private companies. MCAP currentlyserves over 200 public company clients on NASDAQ, NYSE and OTC Marketsand has had consistent growth since 2010.
Mcapis a media company serving public and private company clients withpublic relations services, global distribution of press releases, anddisclosure statements. MCAP is expanding its offerings for clientsincluding offering clients AI technologies for rapid contentsyndication; major innovations in Investor Relations tools andservices to lower costs and extend impact; and, new media websiteproperties. Further MCAP projects to expand its client offerings,value, and distribution through acquisition targets in numerousverticals of technology and distribution.
McapCEO Jeff Palumbo is an accomplished executive, having served as ChiefTechnology Officer for several public companies since 2008. He is amarketing and technology expert who has advised many of companies onnearly every aspect of business while cultivating scalable growthinitiatives resulting in achievements in revenue, expansion,innovation, and overall growth.
“I am looking forward to the next chapter for ourcompany with Torque. As we continue to serve our clients, we intend touse this opportunity to wholly disrupt the newswire industry withradical new advancements in value-added client solutions,distribution, and technology,” states Palumbo.
TQLB President and CEOCorain McGinn comments, “We are thrilled with the proposedacquisition of Mcap MediaWire and the potential it holds to innovatein this space for the next gen of PR, and for the potential growth inoverall shareholder value it brings. The Mcap MediaWire executiveteam, which includes Jeff Palumbo, Mark B. Newbauer, and Thomas Wolff,have extensive experience serving public company clients at theintersection of marketing and technology.”
About McapMediaWire:
Founded in 2010, Mcap MediaWire strives to provide the very best press release, digital media andfinancial disclosure solutions at highly competitive rates. We earnour clients for the long-term through exemplary service and quality ofwork. Our press releases include unlimited words, logo, hyperlinks,social media, industry specific media sites and more through the mostimpactful websites, news agencies, brokerage firms, trading platformsand more. Our services give your company exposure to an audience ofmillions, including journalists, investors, day-traders, fund managersand social media/messaging platforms. Now your press releases,earnings statements, branded articles, shareholder updates, corporateachievements can reach a vast and diverse audience around theworld.
Safe HarborProvision
This press release contains forward-looking statements that canbe identified by terminology such as "believes,""expects," "potential," "plans,""suggests," "may," "should," "could,""intends," or similar expressions. Many forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors that may cause actual results to be materially different fromany future results implied by such statements. These factors include,but are not limited to, our ability to continue to enhance ourproducts and systems to address industry changes, our ability toexpand our customer base and retain existing customers, our ability toeffectively compete in our market segment, the lack of publicinformation on our company, our ability to raise sufficient capital tofund our business, operations, our ability to continue as a goingconcern, and a limited public market for our common stock, among otherrisks. Many factors are difficult to predict accurately and aregenerally beyond the company's control. Forward-looking statementsspeak only as to the date they are made, and we do not undertake toupdate forward-looking statements to reflect circumstances or eventsthat occur after the date the forward-looking statements aremade.
FOR MOREINFORMATION, PLEASE CONTACT:
Corain McGinn
Chief Executive Officer
Torque Lifestyle Brands, Inc.
ContactDetails
Torque Lifestyle Brands, Inc.
CorainMcGinn, Chief Executive Officer
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