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Momentous Entertainment Group acquires German social network firm

Nov. 29, 2016 7:13 AM ETMomentous Entertainment Group, Inc. (MMEG) StockBy: Clark Schultz, SA News Editor
  • Momentous Entertainment Group (OTCPK:MMEG) announces that it acquired Poolworks Germany Ltd for $10M in preferred stock.
  • Poolwork is one of the largest social media companies in Europe.
  • The transaction is expected to close by the end of December.
  • "This is a significant acquisition that allows us to target the German speaking market with our expanding entertainment content library," says Momentous CEO Kurt Neubauer.
  • "The Poolworks acquisition will bring the necessary asset value to Momentous to begin to consider the process of a possible uplisting to the NASDAQ or the New York Stock Exchange," he adds.
  • Source: Press Release

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