ST. PETERSBURG, FL, March 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- The Marquie Group, Inc. (OTCMKTS:TMGI) (“The Marquie Group” “TMGI” or the “Company”), today announced that its registration statement filed on Form S-1 in October 2022, has been approved by the Securities and Exchange Commission (the SEC) and is now effective.
The Company will receive proceeds from the sale of securities pursuant to a $5,000,000 (five million dollar) Equity Commitment Agreement entered into with Florida based investment group, MacRab. Under the terms of the prospectus, the shares registered are comprised of 75,000,000 common shares priced at $0.01 with a potential maximum of 500,000,000 shares that may be issued under the Agreement.
The Marquie Group CEO Marc Angell said, “Approval of the S-1 is a turning point for the Company which will provide us with the capital necessary to increase sales of our Whim product line through multiple advertising channels. Our goal is to lower customer acquisition costs and increase product awareness while improving profit margins.” Adding, “Proceeds from the S-1 will also give us the opportunity to bring additional unique, and exciting new products to market in an expedited time frame.”
The company’s subsidiary, Simply Whim has created a premium line of skin care products called Whim, using multi-active ingredients with multi-benefits for the skin. They’ve included the latest ingredient technologies as well as tried and true favorites by isolating plant-based ingredients from both land & sea, all with a skin care purpose. The line is rich in peptides, antioxidant vitamins, amino acids, alpha hydroxy acids, and more. With a marketing banner, “Age is not a skin type”, driving the message that your chronological age does not define how your skin ages, rather, the way you treat your skin through your lifestyle choices does. A daily regimen of Whim products combined with a good diet, exercise, and healthy habits will help keep you looking young and healthy.
About The Marquie Group
The Marquie Group, Inc. is a sales and marketing company with several products under exclusive licensing agreement, and an equity stakeholder in Simply Whim, a health and beauty product development company with several products in the marketplace sold under the Whim® brand. The full line of Whim products can be found at simplywhim.com. The company also sells the Whim products using radio commercials delivered by its wholly owned subsidiary, Music of Your Life, a nationwide syndicated radio network. Music of Your Life is heard around the country on terrestrial radio stations, and around the world over the Internet at musicofyourlife.com. Music of Your Life is the nation’s longest running syndicated music radio service.
Forward-Looking Statements
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
Investor and Media Inquiries
Marc Angell, CEO
marc@themarquiegroup.com
