Full Alliance Group, Inc. (OTCPK:
FAGI), Announces Acquisition of Grupo Richard
Los Angeles, CA -- November 30, 2017 -- InvestorsHub
NewsWire -- Full Alliance Group, Inc. (OTCPK:
FAGI), a holding company, is pleased to announce that after
re-engaging Grupo Richard over the past several weeks, the
acquisition of all subsidiaries, technology and real estate
holdings associated with Grupo Richard was approved, at which point
the assets were transferred into escrow.
The assets which are now part of Full Alliance Group Inc.,
include an extensive real estate portfolio professionally appraised
with a net equity of over $40 million dollars USD, and the
companies listed below:
Operadora de Servicios GRMS de RI de CV
Grupo Internacional Richard S de RI de CV
Grupo Richard y Lange SAPI de CV SA de CV, and
Asesores en Comercio ON de Mexico
Grupo Richard's assets are diverse, with most prominent of which
are oceanfront and both urban and suburban real estate holdings. In
addition, holdings include retail, construction and POS banking
system.
FAGI executives are quite excited with the development potential
of these assets, and already had discussions with investors from
Asia and Central America prepared to assist with the growth of
these new subsidiaries.
Details about this acquisition and more can be found on the Full
Alliance web site. www.fullalliance.com
Sincerely,
Jacob Thomas
Chairman of the Board / CEO
ABOUT FULL ALLIANCE GROUP
Full Alliance Group Inc. is a multi-faceted company with current
diverse investments in the United States, focusing primarily on
organic agriculture, acquisitions, and CBD-based nutraceuticals.
Once these strategic acquisitions are procured and integrated into
the long term objectives of the company, Full Alliance Group will
provide investment capital, modern business practices and
best-in-class management to cultivate and mature these companies to
their greatest potential.
FORWARD-LOOKING STATEMENTS
This shareholder update may contain a number of forward-looking
statements. Words and variations of words such as: "expect",
"goals", "could", "plans", "believe", "continue", "may", "will" and
similar expressions are intended to identify our forward-looking
statements, including but not limited to: our expectation for
growth, benefits from brand-building, cost savings and margins.
These forward-looking statements are subject to a number of
risks and uncertainties, many of which are beyond our control,
which could cause our actual results to differ materially from
those indicated in our forward-looking statements. Such factors
include, but are not limited to: continued volatility of, and sharp
increase in: costs/pricing actions, increased competition, risks
from operating internationally, consumer weakness, weakness in
economic conditions and tax law changes.
Contact:
Jacob Thomas
951-294-4420
Attorney Randal Brumbaugh
626-429-9634
