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, Announces Retirement of the Majority of Company Debt. - EconoTimes)
LOS ANGELES, Dec. 04, 2017 -- Full Alliance Group, Inc. (OTCPK:FAGI), a holding company, is pleased to announce it has formally retired 59% of company debt.
This was done by converting $1M of convertible notes into restricted, preferred shares.
Full Alliance management believes this decision creates a more desirable market environment for shareholders.
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 and Mexico, focusing on multiple industries. Including but not limited to retail construction, retail sales, wholesale distribution, banking, mining, agriculture, cigarette distribution, CBD based nutraceuticals, health products and consumer packaged goods. The company's strategy is to grow using acquisitions in the United States, Mexico and Latin-American markets; providing investment capital, best practices and best in class management to grow these companies to their 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
