Platinum Pari-Mutuel signs Multi-Million Dollar LOI for Acquisition
Press Release
OTC Disclosure & News Service | 08/30/2016
In a major market positioning Platinum Pari-Mutuel Holding, Inc. (OTC: PPMH) is proud to announce that it has received the countersigned Letter of Intent to acquire TBX Group, Inc., and all of its holdings. TBX, www.thetbxgroup.com.
TBX has operated as a management holding company acquiring and expanding the outreach of technologies and innovation, with a product line spanning from Business Intelligence to Social Media. PPMH through this acquisition of TBX,
PPMH will acquire several growing innovative businesses lead by market leaders in the areas of Business Intelligence, Digital Sociology,mobile gaming, app development, and Social Media.
The products and leadership involved in this acquisition have been featured across the globe in numerous articles and features from the likes of the Los Angeles Times to the Today Show.
Paul Baioni, the CEO of PPMH, stated “This strategic acquisition will sky rocket PPMH to a whole new level of value for our Company, both in shareholder value and potential revenue earnings."
Dr. Gates, CEO of TBX Group, stated, “This is a great merger of two great companies focused on the exponential growth and value of its products.”
Paul Baioni, the CEO, added, “As we move towards closing this acquisition, we foresee impressive days ahead for PPMH. The leadership and expertise within TBX and the TBX subsidiaries will be an added benefit to the positive movement of PPMH and its present subsidiary Rugged Outdoor Computing Systems."www.rocomputing.com.
The Company is working quickly to complete its due diligence process and formulating a strategy for the consolidation of the management staffs of both PPMH and TBX. The Company will be releasing information to its shareholders as it becomes available, along with the executive placement of the TBX management staff within the PPMH
For more information about Platinum Pari-Mutuel Holdings, Inc. please visit www. PPMHinc.com, and follow us on Twitter @ppmhinc.
Disclaimer
This release contains forward-looking statements that are based on beliefs of Platinum PariMutuelHoldings management and reflect Platinum Pari-Mutuel Holdings current expectations ascontemplated under section 27A of the Securities Act of 1933, as amended, and section 21E ofthe Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may,""should," "will," "can," the negative of these words, or such other variations thereon, orcomparable terminology, are all intended to identify forward looking statements. Suchstatements reflect the current views of Platinum Pari-Mutuel Holdings with respect to futureevents based on currently available information and are subject to numerous assumptions, risksand uncertainties, including but not limited to, risks and uncertainties pertaining to developmentof a salable market, changes in economic conditions and other risks, uncertainties and factors,which may cause the actual results, performance, or achievement expressed or implied by suchforward looking statements to differ materially from the forward looking statements. Theinformation contained in this press release is historical in nature, has not been updated, and iscurrent only to the date shown in this press release. This information may no longer be accurateand therefore you should not rely on the information contained in this press release alone. To theextent permitted by law, Platinum Pari-Mutuel Holdings and its employees, agents andconsultants exclude all liability for any loss or damage arising from the use of, or reliance on,any such information, whether or not caused by any negligent act or omission. This press releasemight incorporate by reference the Company's filings and other reports. Investors are encouragedto review all filings. There is no assurance Platinum Pari-Mutuel Holdings will identify projectsof merit or if it will have sufficient financing to implement its business plan. There is noassurance that the Company's due diligence on the acquisitions' assets, companies, and projectswill be favorable nor that definitive terms can be negotiated. Information in this release includesrepresentations from the private companies referred to which has not been independently verifiedby the company. A downturn in the market would affect the potential profitability of theproposed acquisition negatively.