DRNK UPDATES ON ELIMINATION OF OUTSTANDING NOTES AND PENDING ACQUISITIONS

 

Scottsdale, AZ -- December 1, 2016 -- InvestorsHub NewsWire -- NOHO, Inc., a Wyoming corporation (the Company) announced the following:

In our continuing effort to eliminate all notes outstanding, we are happy to report that we are making progress in our current negotiations with current holders. We would like to inform that that the amount of convertible notes outstanding has been reduced by $240,000.00 since the filing of the third-period quarterly report on November 17, 2016, for the period ending September 30, 2016.

For confirmation of our retirement of 54 Billion shares, please feel free to contact our transfer agent:

Columbia Stock Transfer Company

Michelle White Janshen, President
1869 E Seltice Way #292
Post Falls, ID 83854
208-777-8998

Acquisition update:

The Company had made great progress in completing both deals with  Essential Marketing Systems, LLC, of Scottsdale, Arizona, and ChoiceAdz.com, Inc., operating as BizConnect360.com, of Yorba Linda, California.

We are on track for these acquisitions to be completed by December 15, 2016.  Both acquisitions will be achieved by using the newly issued preferred shares and there will be no dilution to the existing common shareholders.

ChoiceAdz.com has already done $350,000 in revenue in 2016 and is operating profitably.  Its projected revenue for 2017 is well beyond $1,800,000.

 

Safe Harbor for Forward-looking Statements:

This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the companys progress, business opportunities and growth prospects, they are based on managements current beliefs and assumptions as to future events. However, since the companys operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACT:

Investor/Media Contact:

Phillip Sugarman

Investor Relations Partners

818-280-6800

[e-mail]