While 2018 Appeared to be a Quiet Year for InCapta, Inc., 2019 Begins with Fireworks!
INCAPTA INC (OTCMKTS:INCT)
CHEYENNE, WYOMING, UNITED STATES, January 8, 2019 /EINPresswire.com/ — InCapta, Inc. (OTC PINK:INCT), acquired Banana Box Wholesale Grocery, LLC, a debt free, nationwide grocery wholesaler, on January 3, 2019. The 100% financed sale transaction of $3.5 million was for 30 billion shares in stock at 0.0001 per share and a promissory note for $500,000.00, payable over 7 years at prime plus 1%, interest only, with no pre-payment penalty to the company.
The wholesale grocery company has enjoyed a long operating history since 2006 with six digit, first year revenues at inception and reached 7 digits respectively, during the credit crisis of 2008. Revenues remained steady the previous 2 years and the management team of Banana Box Wholesale Grocery, LLC will remain in place.
Gregory Martin, Chairman and President of InCapta, Inc said, “The company has an excellent operating history with solid revenues. InCapta, Inc., Chief Operating Officer, Ean Martin will be responsible for oversight of the grocery firm which will remain operational under the current name. Ean Martin, C.O.O. of InCapta, Inc., said, “With this latest acquisition, we believe the days of low revenue are history! We believe InCapta, Inc., will fulfill its mission and accomplish its goals. We’ve been working very hard behind the scenes to expedite the company business plans.”
Other InCapta, Inc. News:
The company is working to complete the REG A offering and begin movie/tv productions. Golf company updates coming soon. See Incapta, Inc website for Quarter 3 financials, press releases and company news.
About Banana Box Wholesale Grocery, LLC
Banana Box Wholesale Grocery, LLC is a shelf-stable grocery wholesaler specializing in grocery pallet and truckload sales of wholesale groceries, nationwide.
About InCapta, Inc.
InCapta, Inc., formerly known as TBC Global News Network, Inc., is a media holding company. The company is working with clients to develop, operate, and market online cloud Television/radio networks along with entertainment projects including TV, movies and the development of a golf ball and golf equipment company. InCapta, Inc participates in various online business models by providing executive level managerial assistance as well as arranging for clients' online presence through social media.
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the Company's views on the expected future trading of its common stock following the filing of the Form 15, and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry, competition and capital requirements. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission including the Company's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Consider those factors carefully in evaluating the forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. The words “believe,” “expect,” “anticipate,” “should,” and other similar statements of our expectation identify forward-looking statements. These forward-looking statements are based largely on management’s expectations and involve known and unknown risks, uncertainties and other factors, which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause results to differ materially from those expressed in these forward-looking statements include, among others, the risk that unforeseen events occur and delay the preparation and filing of the Form 15 and that the SEC does not accept or requires amendments to the Form 15 resulting in a delay in the deregistration of the Company’s common shares, the continued interest of market makers in trading the Company’s common stock and the Company’s decision to deregister its common stock under the Securities Exchange Act of 1934, as amended. Additionally, other factors that could cause actual results to differ materially from those set forth in, contemplated by, or underlying these forward-looking statements are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Considering these risks and uncertainties, the forward-looking statements contained in this press release may not prove to be accurate. The Company undertakes no obligation to publicly update or revise any forward-looking statements, or any facts, events, or circumstances after the date hereof that may bear upon forward-looking statements. Additionally, the Company does not undertake any responsibility to release publicly updates on any occurrence of unanticipated events which may cause actual results to differ from those expressed or implied by these forward-looking statements.
The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's latest Form 10-K filing and other filings with the U S. Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise. The company reserves the right to correct any information which may be required or otherwise necessary.
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SOURCE: InCapta, Inc.
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Source: EIN Presswire