SNM Global Holdings to Acquire Shares of GEC Organics Corp.
SNM Global Holdings has entered into an Agreement with GEC Organics to provide working capital for the implementation of its marketing plan and completion of the GECO business strategy.
Castleberry, AL (PRUnderground) August 14th, 2019
SNM Global Holdings Plans to Take Equity Stake in GEC Organics Corp.
GEC Organics Corp., Castleberry, Alabama, (“GECO”) has entered into an Agreement with SNM Global Holdings, (Symbol; SNMN, OTCMKTS), (“SNM”) for an equity stake of $500,000 to be made by SNM through the purchase of GECO Common Stock.
As part of its overall investment strategy, SNM, via its recent Reg A filing; https://www.sec.gov/Archives/edgar/data/1706907/000147793219004476/0001477932-19-004476-index.htm , will seek to provide additional capital for the development and expansion of GECO and continue to offer ongoing support for new opportunities. “This cash infusion by SNM has provided the necessary working capital for GECO to increase its national, retail sales effort and explore new markets”, added Peter Ubaldi, President & CEO.
GEC Organics , ( www.gecorganics.com ), is a producer of USDA approved, all-natural soil amendments from its 70-acre bio-solid remediation facility in Southern Alabama. The Company sells its organic compost to farms, government installations, nurseries, landscapers and retail distributors nationally. GEC Organics is also registered on The Gold Standard Foundation, Geneva Switzerland as a worldwide developer of Carbon Credits for the reduction of Greenhouse Gas emissions.
SNM Global, (OTC SNMN), is a publicly traded holding company building a portfolio of diverse, accretive acquisitions. ( www.snmglobal.com ).
Safe Harbor for Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospect s and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commissions. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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