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0.00246
9.63%
0.0223 / 0.028 (44500 x 20000)
Los Angeles, California, May 23, 2024 – Stargaze Entertainment Group Inc. (OTC: STGZ) (the
“Company”) announced today that Scenebot, Inc. (“Scenebot”) has acquired a controlling interest
in the Company.
Pursuant to a Stock Purchase Agreement dated May 14, 2024, Scenebot purchased 25,000,000
common shares and 2,500,000 preferred shares of the Company from its controlling shareholder,
Tony Green Organization Records Ltd. (“TGO”). The shares purchased from TGO give Scenebot
voting control of the Company.
The Company’s Board of Directors appointed Antonio Dutra as Chairman of the Board, CEO and
Secretary. It is anticipated that Antonio Dutra will act as CEO in an interim capacity while the new
management team is finalized. Tony Green resigned as an officer and director of the Company,
but will remain as an advisor to assist Scenebot with the transition.
The Company also entered into a Debt Settlement Agreement with TGO to settle all outstanding
debt owed by the Company to TGO. Pursuant to the terms of the Debt Settlement Agreement, the
Company paid TGO $30,000 upon execution and will make payment of $30,000 for each of the
next five months. The Company also transferred all intellectual property previously contributed
by TGO back to TGO.
Scenebot is currently refining its plans for future operations of the Company and will announce
those plans when they are finalized.
About Scenebot
Scenebot is an entertainment technology company located in Los Angeles, California. More
information on Scenebot is available at www.scenebot.com.
Contact Information
info@scenebot.com
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You can identify these statements by the use of the words "may,"
"will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends,"
and similar expressions. Forward-looking statements involve risks and uncertainties that could
cause results to differ materially from those projected or anticipated. These risks and uncertainties
include, but are not limited to, the Company's ability to successfully execute its expanded business
strategy, including by entering into definitive agreements with suppliers, commercial partners and
customers; general economic and business conditions, effects of continued geopolitical unrest and
regional conflicts, competition, changes in technology and methods of marketing, delays in
completing various engineering and manufacturing programs, changes in customer order patterns,
changes in product mix, continued success in technical advances and delivering technological
innovations, shortages in components, production delays due to performance quality issues with
outsourced components, regulatory requirements and the ability to meet them, government agency
rules and changes, and various other factors beyond the Company's control. Except as may be
required by law, the Company undertakes no obligation, and does not intend, to update these
forward-looking statements after the date of this release.