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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Full Alliance Group Inc (PK) | USOTC:FAGI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00286 | 31.29% | 0.012 | 0.0076 | 0.012 | 0.012 | 0.0098 | 0.0098 | 675 | 20:08:10 |
Full Alliance Group, Inc. (OTCPK: FAGI), Signs Agreement with Wincon Distributing, Inc.
Lodi, CA - July 06, 2017 - InvestorsHub NewsWire - Full Alliance Group Inc. (OTCPK: FAGI), Signs Agreement with Wincon Distributing, Inc. Full Alliance Group, Inc. (OTCPK: FAGI), a multinational holding company, is pleased to announce that it has completed negotiations with Wincon Distributing Inc., and has signed documents to proceed with a profit-sharing joint venture for Wincon’s tobacco distribution business.
FAGI’s role in the joint venture will be to provide working capital for expansion of operations. In exchange, FAGI will receive 40% of the monthly gross profit, with the remaining 60% staying with Wincon. This is determined after repayment of the working capital to FAGI.
Under the terms of the agreement, FAGI has agreed to deliver to Wincon, upon completion of the first order, compensation in the form of 100,000 shares of company stock. Moving forward, the joint venture expects gross proceeds from operations in excess of US$15 million, or approximately $2.5 million/month, for the remainder of calendar year 2017.
Wincon’s business strategy is unique in that it only distributes goods grown and manufactured by Tribal sources, and then only sells the products on American Indian Nation land. This approach allows the company to be particularly aggressive with tobacco pricing, where state taxes have become fairly heavy-handed.
Sincerely,
Jacob Thomas
CEO / Chairman of the Board
ABOUT FULL ALLIANCE GROUP
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