SUNRISE, Fla., Dec. 19, 2018 (GLOBE NEWSWIRE) -- Beta Music Group Inc. (OTC PINK: BEMG) announces that the Company’s Board of Directors and majority shareholders have voted to officially change the Company’s name to MBO Holdings Inc., reflecting the Company’s new business direction. BEMG plans to file for this proposed name change with the Financial Industry and Regulatory Authority (FINRA) and request a new ticker symbol that better suits the new name of the Company.
This action is planned for after the clearance of Securities and Exchange Commission (“SEC”) form S-1 Registration statement as the first step to become a fully reporting SEC company listed on the OTCQB venture exchange. This action is integral to the Company’s efforts to demonstrate heightened transparency to investors and bring greater visibility and credibility before a substantially larger group of qualified investors. The Company plans to file Form S-1 during the 1st quarter of 2019.
Elizabeth Karwowski, CEO of BEMG stated, “We’re very excited about the progress we made this year to significantly reduce the outstanding shares of common stock, add new clients, increase revenues for 4 consecutive years and now the preparation of Form S-1. This upcoming name change to MBO Holdings Inc. and corresponding ticker symbol change will more appropriately reflect our strategic growth initiative as an industry leader in the FINTECH space.”
ABOUT BEMG
BEMG, through its operating subsidiary, Get Credit Healthy, utilizes its proprietary processes, platform, and software to integrate with lenders to make it easier to recapture leads. Developed for and by those with extensive experience in the mortgage industry, Get Credit Healthy's platform has already facilitated hundreds of millions of dollars in new loan opportunities for its partners.
Get Credit Healthy has showed sustained growth over the past three years and shows no signs of slowing down. It is working to increase its network of partners and is looking forward to a very promising future. Please visit the company website at www.betamusicgroup.net; Twitter at www.twitter.com/bemg12 and financial information can be found at www.otcmarkets.com/stock/bemg/profile.
Safe Harbor Statement
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
For information, please contact:
Elizabeth Karwowski, CEO
Beta Music Group, Inc.
Get Credit Healthy, Inc.
8411 West Oakland Park Blvd.
Suite 202
Sunrise, FL 33351
ek@gch360.com
(877) 850-3444 Ex 7