- 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
Momentous Entertainment Group acquires German social network firm
Recommended For You
More Trending News
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
MMEG | - | - |
Momentous Entertainment Group, Inc. |