SNM Global Acquires $12,500,000 Small Hydro Technologies: Solutions for 1.7 Billion Without Power
20 Julho 2010 - 9:30AM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) announced today the signing
of an Intellectual Property (IP) Transfer Agreement with EQ-ip
Equities (EQ-ip) under which the Company acquires, for development
and international distribution, core Small & Micro Hydro
technology from the EQ-ip extensive Intellectual Property
Portfolio.
Access to electricity is one of the keys to development, as it
provides light, heat and power for productive uses and
communication. Today 1.7 billion people in developing countries do
not have access to electricity, most of them living in rural
areas.
The acquisition is valued at $12,500,000 purchased through an
equity-building issuance of Preferred Stock and will create no debt
for the Company.
This transaction is the first in a series of anticipated
acquisitions under the Letter of Intent Agreement signed earlier
this month with EQ-ip, a private technology and licensing holding
company, to acquire, develop, distribute, and commercialize certain
technologies from its portfolio.
EQ-ip specializes in clean energy technologies and solutions for
emerging economies. SNM Global Holdings will acquire a portfolio of
nascent and commercial technologies and Intellectual Property
currently valued in excess of $49,000,000.
The Company has moved quickly to implement its recently
announced operations, new business strategy and business plan,
including its pioneering MicroTechnology Transfer Program and
MicroEquity Partner Program.
SNM Global's MicroTechnology Transfer (mt2) Program and
MicroEquity Partner Program enable the acquisition, development,
and transfer of technologies that will provide for the betterment
of society and provide the catalyst for emerging markets to
leapfrog into the sustainable sectors that will drive the
twenty-first century.
The newly acquired technologies and/or technology groups will be
placed in the appropriate stage of the Company's MicroTechnology
Transfer (mt2) Program and MicroEquity Partner Program; and will be
introduced into SNM Global's distribution network for emerging
market insertion and introduction.
The company believes its new and enhanced operational plan will
provide significant revenue, equity growth, and serve the
betterment of emerging economies.
SNM Global's MicroTechnology Transfer (mt2) Program is designed
to further the commercialization of promising technologies that
will benefit emerging markets in four key areas:
- Energy -- Clean, Renewable, and Sustainable Energy
- Health -- Better Health & Living
- Water -- Drinking Water, Irrigation & Sanitation
- Agriculture -- Green Biotechnology
The Company encourages collaboration with public, private and
institutional partners in all phases of the development and
technology transfer cycle; and accepts submissions from both
collaborative development, distribution and inventor partners
through the Collaboration Portal on its new website at
www.SNMNglobal.com.
The company anticipates numerous technology and operational
acquisitions and will continue to provide regular updates. The
Company will soon announce additional details alongside full
operational and financial disclosures.
About SNM Global Holdings
SNM Global Holdings (SNM Global) is a technology holding and
development company that invests in, acquires, and develops
Intellectual Property Assets and Operations in the
Clean/Alternative Energy, Biotech, Water and Better Health &
Living sectors adapted specifically for the emerging global
markets.
The Company realizes revenues from the distribution of its
technology, products, and solutions through its network of
international agents and distributors and through the licensing of
Intellectual Property through its innovative mt2 Program. The
Company provides its International MicroEquity Partner program to
our local partners in our target international markets. This
program provides initial funding to a community building and
life-enhancing organization. The Company sees profits through
equity ownership and sales and distribution of its technology and
solutions.
The company operates through its subsidiaries and various
distribution partners worldwide.
Safe Harbor
This release contains statements or projections regarding future
performance that is forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties. The company's filings contain various RISK
FACTORS (and are incorporated on the Company's website "Investors"
section by reference) and should be read before any investment
decision.
CONTACT: SNM Global Holdings St John's House London EC1V
4JL United Kingdom Tel Number: 020 7096 0200 Investor Relations:
1-(321)-251-6082 info@snmnglobal.com www.snmnglobal.com
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