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McapMediaWire --Authentic Holdings, Inc., (OTC: AHRO ) and Maybacks GlobalEntertainment https://www.maybackstv.com/ have signed a Letter of Intent whereby Maybacks Global Entertainment,LLC will be acquired into a wholly owned subsidiary of AuthenticHoldings, Inc.
Maybacks Global Entertainment LLC is run by a group of seasonedveterans in the media and entertainment world that had key roles inhelping build companies like HBO, AMG and Sinclair BroadcastGroup.
AuthenticHeroes Inc., the operating subsidiary of Authentic Holdings, Inc., hadmade an investment early on in Maybacks. Maybacks since, has hadextraordinary success in expanding their reach to over 400,000,000people worldwide.
Maybacks recently received approval for its programming to becarried on both ROKU and "Local Now", Byron Allen'srapidly growing digital media platform.
Maybacks is also in late stage negotiationswith a major satellite dish-network to gain access to another verylarge opportunity in the direct broadcast service providers market. Ifcompleted the relationship will not only broaden Maybacks potentialaudience by 10 million households, but will also have a significanteffect on advertising revenue going forward.
Creating the standoutin both the "platform driven" and "Over the Air"television markets is the goal over the next few years for Maybacks;The network is off to a very strong start with over 20+ channels ofprogramming, a large and fast growing audience and a very successfulmanagement team.
The acquisition with Maybacks will result in Authentic HoldingsInc., possibly owning the only "pure play"in the publiclytraded markets directly related to the explosive growth that is theresult of the "Cutting the Cord" phenomena.
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We fully expect theclosing with Maybacks to take place on or before April 15th, 2023subject to, the completion of attorney due diligence, the completionof the definitive agreement and final approval by our board ofdirectors.
About Maybacks Global Entertainment
Maybacks Global is arapidly growing international communications network with a reach ofover 400,000,000 people worldwide. Maybacks handles full-servicetelevision operations from production, broadcasting, master controls,to advertising, and distribution.
Maybacks focuses on innovation in media as mediaservices directionally follow economic trends; Maybacks partners withtechnological innovators in the broadcast and streaming industry hasbeen instrumental in us reaching millions of homes, both regional andinternational with a diversified portfolio of programming.
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About AuthenticHoldings, Inc.
Authentic Holdings, Inc., ("AHRO") is a publicly tradedentertainment and authenticated collectibles company that ownspatented technology used in the marketing of commemorative fan-wearthrough its subsidiary Authentic Heroes, Inc.; Authentic is also inthe business of the remastering proprietary digital assets into vinylrecords as well as the minting of non-fungible tokens on itsproprietary Blockchain platform
Safe Harbor Act
Forward-Looking Statements: This releasecontains statements that constitute forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended,and Section 21E of the Securities Exchange Act of 1934, as amended.These statements appear in a number of places in this release andinclude all statements that are not statements of historical factregarding the intent, belief or current expectations of AuthenticHoldings, Inc., its directors or its officers with respect to, amongother things: (i) financing plans; (ii) trends affecting its financialcondition or results of operations; (iii) growth strategy andoperating strategy. The words "may," "would,""will," "expect," "estimate," "can,""believe," "potential" and similar expressions andvariations thereof are intended to identify forward-lookingstatements. Investors are cautioned that any such forward-lookingstatements including those relating to the Company's financingbeing adequate for the Company to place its products in retail stores,execute its acquisition strategy, and to launch its growth andexpansion plans, among others, are not guarantees of futureperformance and involve risks and uncertainties, many of which arebeyond Authentic Holdings, Inc.'s ability to control, and actualresults may differ materially from those projected in theforward-looking statements as a result of various factors. Noinformation in this press release should be construed in any waywhatsoever as an indication of Authentic Holdings Inc.'s futurerevenues, financial performance or stock price. More information aboutthe potential factors that could affect the business and financialresults is and will be included in Authentic Holdings, Inc., filingswith the Securities and Exchange Commission at www.sec.gov .
Contact: chrisg@ecotek360.com ,973-390-0072
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Authentic Holdings,Inc.
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