BIG NEWS: $EEGI Announces 3 Way Merger!
July 9th, 2010 at 8:09 am Posted by
This morning, Eline Entertainment Group, Inc. (PINK: EEGI), and its subsidiary Innovation Investment Group, announced its intentions to purchase a Chinese apparel company, and a merger with American Racing Capital, Inc.
$EEGI‘s merger candidate manufactures school uniforms, and other related school items.
The Dean thinks this news is huge, especially because $EEGI has conducted an preliminary financial assessment, and has “found this company to be secure and stable, showing revenues in the seven figure US dollar range.”
$EEGI has started creating marketing materials, obtained an office for its new apparel division, and plans for a launch at the beginning of 2011!
Another appealing fact about this merger is that the purchase will be made by Innovation Investment Group in cash, and “without disturbing the EEGI share structure of requiring any financing from the parent company, EEGI.”
Negotiations are in the final stages and an agreement is expected to be finalized this month!
The Dean thinks $EEGI is going to FLY!
Disclosure: The Dean has been compensated $20,000 by a third party (Mina Mar Group) to provide communication services for Eline Entertainment Group Inc (EEGI).
