MIAMI, FL / ACCESSWIRE / May 24, 2016 / ML Capital Group Inc. (OTC PINK: MLCG) is on the move! We are pleased to announce that a Letter of Intent has been signed and filed to acquire the exclusive high-end Hawaiian tour and transportation company mentioned in our previous release.
“A definitive agreement is expected to be signed later this week, marking a significant and exciting milestone in the Company’s plan to expand into the travel and tourism sector,” says CEO Kevin Bobryk. “We are looking forward to sharing more news about this important acquisition in upcoming announcements. I am confident this will be the first of many successful acquisitions in the coming months.”
ML Capital Group has made significant progress by reducing its authorized capital share limit to 5.01 Billion shares. We are working diligently with Cox CPA Services to help bring the Company’s accounting and financial statements up to date, and are close to filing the first of several outstanding reporting periods with the OTC Markets.
“We are right on track to our goal of reaching OTC current status within the next two weeks,” says Bobryk, “Our reorganization and reduction of authorized shares demonstrates our commitment to building a solid growth platform for our ambitious expansion plans.”
Additional updates on our progress will be posted to our Twitter feed at https://twitter.com/mlcginc.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
ML Capital Group Inc.
Contact: Kevin Bobryk
SOURCE: ML Capital Group Inc.
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