SNM Global to Acquire Live Clean Solutions: Enters the $4.9 Billion Fermentation Chemical Industry
30 Julho 2010 - 1:50PM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) announced the signing of a
Letter of Intent to acquire a controlling interest in Live Clean
Solutions, LLC (LCS), to be purchased through an equity-building
issuance of Preferred Stock and will create no debt for the
Company.
LCS develops, manufactures and distributes innovative enzyme
products produced through its proprietary fermentation technology
and procedures.
Enzyme use is standard in many industries such as cleaning,
health, manufacturing as well as dietary supplements for humans and
animals. Enzymes act as a catalyst to accelerate the naturally
occurring breakdown process. LCS enzyme products are primarily used
to eliminate odors and organic matter; reducing or eliminating the
need for toxic chemicals, increasing the efficiency of other raw
materials, and reducing energy consumption.
The Agreement calls for the Company to acquire a controlling
interest in LCS, and, through its pioneering MicroTechnology
Transfer Program (mt2) and MicroEquity Partner Program, provide the
necessary funding to further develop and provide international
channels of distribution for LCS' growing, environmentally friendly
line of products and solutions. It is anticipated that LCI is to be
operated as an autonomous subsidiary under present officers,
directors and management, leveraging its new association with SNM
Global's considerable financial, distribution and marketing
resources.
"We are looking forward to a long and mutually rewarding
relationship with SNM. Their ability to fund our growth and product
development and provide access to their vast distribution
channels," added Jeffrey Smith, LCS Managing Partner.
As part of the due diligence process, the parties will
prioritize acquisitions and development of the LCS portfolio based
on current stage and future marketability. Each of the selected
technologies and/or technology groups will be placed in the
appropriate stage of the Company's MicroTechnology Transfer (mt2)
Program and MicroEquity Partner Program. The transaction is set to
close within the next 60 - 90 days, and the Company will provide
regular updates regarding the progress.
SNM Global's MicroTechnology Transfer (mt2) Program and
MicroEquity Partner Program enables 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 Company has moved quickly to implement its recently
announced strategic restructuring of its operations, new business
strategy and business plan, including its pioneering
MicroTechnology Transfer Program and MicroEquity Partner
Program.
This equity-building issuance of Preferred Stock acquisition,
together with the $12,500,000 acquisition of Small & Micro
Hydro technology from the EQ-ip extensive Intellectual Property
Portfolio valued at in excess of $49,000,000, have provided
impressive increases in the Company asset valuation and revenue
potential.
SNM Global Holdings provides international emerging markets with
biotech and healthcare related assets and technology. The company
also provides alternative energy, and decentralized power
production technologies to these markets. 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 as to the
progress of its aggressive acquisition, development and
distribution initiatives.
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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