The Marquie Group, Inc. Announces Change of Control, Appointment of New Chairman and CEO
MWN-AI** Summary
The Marquie Group, Inc. (OTCID: TMGI) announced a significant change in leadership following a change of control where a majority of its voting securities were transferred to GETGOLF, LLC. This transition comes as a result of completing the remaining closing items related to the Stock Purchase Agreement dated September 18, 2025. Effective immediately, Jeff Foster has been appointed as the new Chairman of the Board and Chief Executive Officer, taking over from Marc Angell. Additionally, Kelly Kirchhoff has joined the Board of Directors as a new member.
In his remarks, Foster expressed gratitude towards Angell for his leadership and contributions to the company, stating that they look forward to capitalizing on the firm's existing foundation while exploring new strategic opportunities under GETGOLF's guidance. Angell, the outgoing CEO, welcomed Foster's appointment and highlighted the transformative potential of GETGOLF's involvement, emphasizing his excitement about the direction in which the company is headed.
TMGI recently finalized the acquisition of GETGOLF and its subsidiaries, including Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf, which collectively generate annual gross revenues exceeding $8 million. The new leadership is optimistic about leveraging this acquisition to enhance corporate performance.
The company's commitment to transparency is showcased through its plans to make all corporate filings and updates available via public disclosure channels, including SEC and OTC Markets disclosures. TMGI, which is increasingly establishing its footprint in the golf and hospitality sector, remains cautious about forward-looking statements, advising stakeholders that future performance is subject to various uncertainties. For ongoing updates, interested parties can contact TMGI's investor relations via email or visit their official website.
MWN-AI** Analysis
The Marquie Group, Inc. (OTCID: TMGI) has recently undergone a significant leadership transition following its acquisition by GETGOLF, LLC. The appointment of Jeff Foster as the new Chairman and CEO signals a new strategic direction for the company, particularly in the golf and hospitality sectors, following the incorporation of GETGOLF's subsidiaries, which collectively generate approximately $8 million in annual revenue.
Investors should consider the implications of this change in control as a potentially transformative moment for TMGI. The new leadership team, backed by GETGOLF’s experience within the golf industry, could leverage operational synergies and enhance the company’s market position. The combination of existing wellness and lifestyle product offerings with golf-related ventures could catalyze growth and diversification.
However, it is essential for investors to approach this transition cautiously. While the company's projected revenue streams are promising, they are unverified and based on unaudited figures. The historical performance, management's track record, and strategic execution will be crucial in determining TMGI’s future profitability and operational efficiency.
Moreover, potential risks include market volatility, competition in the hospitality and golf sectors, and the execution of integration strategies post-acquisition. As TMGI embarks on this new chapter, ongoing communication from management regarding their strategic plans and operational updates will be vital for investor confidence.
Overall, while the transition presents an opportunity for growth, it is critical for stakeholders to monitor the company’s financial performance post-acquisition closely. Investors should be prepared for fluctuations as the company aligns its operational focus and addresses potential challenges. Now may be an opportune time for careful evaluation, signaling a "watch-and-wait" approach as TMGI sets its new course.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
ST. PETERSBURG, Fla., Oct. 20, 2025 (GLOBE NEWSWIRE) -- The Marquie Group, Inc. ( OTCID:TMGI ) today announced that a change of control has occurred following the transfer of a majority of the Company’s voting securities to GETGOLF, LLC pursuant to the successful completing of the remaining closing items relating to the Stock Purchase Agreement dated September 18, 2025.
As a result of this transaction, Jeff Foster has been appointed Chairman of the Board and Chief Executive Officer, effective immediately, succeeding Marc Angell, who previously served in those capacities. The Company also announced the expansion of its Board of Directors to include an additional member, with Kelly Kirchhoff appointed to serve as a Director effective immediately.
The Board unanimously approved these appointments and authorized all necessary filings with the Securities and Exchange Commission and OTC Markets Group to reflect this change of control and the new leadership structure.
“I thank Marc Angell for his leadership, and invaluable contributions to TMGI and the transition process,” said Foster, the newly appointed Chairman and CEO, adding “We look forward to building on the Company’s foundation and pursuing new strategic opportunities under the GETGOLF leadership with Marc in a consulting role."
“Jeff and his team have built an extraordinary company that’s redefining the golf industry, and I couldn’t be more excited to help usher in this new era for TMGI,” said outgoing CEO Marc Angell. “Jeff’s track record of success and the respect he’s earned both on and off the course make this a huge win for our shareholders. We’re thrilled to have closed such a complex deal so quickly and smoothly.”
TMGI recently announced the acquisition of GETGOLF, including its subsidiaries - Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf. Combined, these businesses generate annual gross revenues of more than $8-million, with nearly $2-million in profit (estimated and unaudited).
All corporate filings and updates related to this transition will be made available through the Company’s public disclosure channels, including SEC filings and OTC Markets disclosures.
About The Marquie Group, Inc. The Marquie Group, Inc. ( OTCID:TMGI ) is a publicly traded company engaged in media, wellness, and consumer lifestyle products, recently entering into the golf and hospitality industry through the acquisition of GETGOLF and it's wholly owned subsidiaries, Mountain Brook Golf Club, Apache Creek, and Stand-by-Golf.
Contact:
Investor Relations The Marquie Group, Inc.
Email: info@tmgiusa.com
Website: www.tmgiusa.com
Cautionary Disclosure About Forward-Looking Statements
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of the Company. This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. There is no guarantee that the Company will achieve operational cash flow positive status. The Company has no obligation to provide the recipient with additional updated information. No information in this press release should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
FAQ**
How will the change in leadership at Marquie Gr TMGID under Jeff Foster influence the company's strategic direction and operational goals in the golf industry following the GETGOLF acquisition?
What specific plans does Marquie Gr TMGID have to leverage the $8-million annual revenue from the GETGOLF subsidiaries to enhance shareholder value and drive future growth?
What synergies does Marquie Gr TMGID expect to achieve from the integration of GETGOLF’s business operations, and how will these impact profitability in the upcoming fiscal year?
Given the uncertainty in forward-looking statements, what measures is Marquie Gr TMGID implementing to ensure transparency and effectively communicate potential financial performance to investors amidst this transition?
**MWN-AI FAQ is based on asking OpenAI questions about The Marquie Group (OTC: TMGI).
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