MIAMI, October 12, 2017 /PRNewswire/ —
Next Group Holdings, Inc. (OTCQB: NXGH) (the “Company”) currently announces that it has sealed Convertible Note Redemption and Adjustment Agreements with dual financial groups that reason an many-sided value of $1,059,259 in Convertible Notes released by Next Group.
NXGH has reached agreements with Cerberus Finance Group, Ltd. and LG Capital Funding, LLC to repay $44,000 and $11,000 respectively per month for 8 months commencing on November 9, 2017. In a eventuality that Next Group is means to repay 70% of a remaining Convertible Notes by December 31, 2017, these lenders would check destiny conversions until June 2018. The stream note amounts are: $266,310 for Cerberus Finance Group, Ltd. and $792,949 for LG Capital Funding, LLC.
“In expectation that Next Group Holdings, Inc. closes on a merger of Limecom, Inc, we design yearly income and distinction to yield us a ability to take control of a finances and indurate a finish corporate structure,” pronounced Arik Maimon, NXGH’s Chairman and CEO. “This renegotiation of financial instruments will strengthen a association and yield destiny fortitude for continued expansion of projects that will move NXGH to a subsequent levels of profitability and value for a shareholders,” combined Maimon.
“We conclude a support that Cerberus and LG Capital have supposing NXGH from a beginning, however now, with a expected merger of Limecom, we design to turn a $130,000,000 income and $2,500,000 EBITA Financial Technology company,” pronounced Michael De Prado NXGH’s President COO. “We design to strech new levels of expansion and stability, and have extensive faith in a destiny of NXGH organic revenues and profitability,” combined De Prado.
“It’s been a pleasure for me to be partial of NXGH’s new feat and we am really blissful Limecom is means to assistance a association speed adult a complicated lifting process,” pronounced Orlando Taddeo, Limecom CEO President. “The association is good positioned now to accomplish a goals,” combined Taddeo.
About Us: NXGH is a house headquartered in Miami, Florida, which, by a handling subsidiaries, engages in a business of regulating exclusive record and certain protected record to yield innovative mobile banking, mobility, and telecommunications solutions to underserved, unbanked, and rising markets. NXGH’s principal executive offices are located during 1111 Brickell Avenue, Suite 2200, Miami, Florida 33131, and a write series during that plcae is (800) 611-3622. NXGH’s web residence is http://www.nextgroupholdings.com.
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”, AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS”ESTIMATE”, “ANTICIPATE”, “BELIEVE”, “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
NEXT Group Holdings, Inc. (OTCQB: NXGH) Telephone: +1-800-611-3622
SOURCE Next Group Holdings, Inc.