All For One Media to Join Forces with
All
Entertainment Media Group In Major Expansion of
Media and
Entertainment Business
MOUNT
KISCO, N.Y. -- March
14, 2023 -- InvestorsHub NewsWire -- All
For One Media Corp. (OTC-PINK:
AFOM) ("All For One Media", "AFOM", or the "Company")
and
All Entertainment Media Group, Inc. (AEMG) today jointly announced
an agreement to combine businesses through an acquisition of AEMG
and corporate restructuring.
AEMG's PODS Entertainment Group podcast and media
entertainment business will continue as a subsidiary of AFOM in a
major expansion by AFOM into podcasting and streaming
media.
PODS
Entertainment Group (which is ranked among the top 3% of the
world's business podcasts), will provide the combined companies the
immediate ability to enhance the already-impressive capabilities of
creating, launching, and marketing entertainment-based content.
"PODS gives athletes and entertainers a collaborative space to make
their voices heard, " said CEO Jeffrey Burton. "The
combination of our companies will allow us to build on the efforts
of AFOM which through the acquisition will expand into podcasts and
streaming media".
Brandon
Steiner, legendary entrepreneur, famed sports marketer, author,
media personality, and founder and CEO of CollectibleXchange and
the Steiner Agency said "AEMG has proven it's passion for promoting
and securing athlete/celebrity talent for PODS". Mr. Steiner
added "This combination is great for both companies". "We look
forward to utilizing our extensive roster of sports and media
personalities to leverage their expertise, connections, and talent
in building a broader base of broadcasters, advertisers, and
listeners."
Brian
Lukow, founder CEO of AFOM, continued, "I'm very excited about the
opportunity to work with AEMG. They have demonstrated their ability
to generate over $2 million in annual revenues with strong growth
prospects and expand their reach in content creation. We recognize
many natural synergies between both companies that we will look to
expand on. I believe the companies can achieve great success
together".
Todd
Napolitano, President of AEMG, added "We look forward to increased
visibility as a publicly traded company and believe we can attract
and retain a strong roster of users and participants with expanded
reach into media outlets. I look forward to building a
world-class organization together with Brian Lukow, the founder of
AFOM."
Mr.
Steiner has agreed to serve as an independent director of the
combined companies, with Jeff Burton and Todd Napolitano, founders
of AEMG, and Brian Lukow, CEO and founder of AFOM.
Closing
of the acquisition is subject to the satisfactory completion of due
diligence by the parties and the satisfaction of various terms and
conditions customary for a transaction of this nature. Under
the terms of the Letter of Intent executed by the parties, the
closing is subject to the execution of definitive documents, and
cancellation or exchange of outstanding convertible debt, notes,
and related party debt immediately prior to closing into shares of
Series B Preferred Stock of AFOM with a fixed conversion
price. In addition, each share of AFOM common stock
outstanding immediately prior to closing shall represent
approximately 2,667 shares of common stock immediately prior to the
closing (or approximately 3,000,000 shares of common stock) and
shareholders of AEMG will be issued 7,000,000 shares of common
stock as the purchase price.
Forward-Looking Statements
This
press release contains "forward-looking statements" that are
subject to substantial risks and uncertainties. All statements,
besides those of historical fact, contained in this press release
are forward-looking. Forward-looking statements contained in this
press release may be identified by the use of words such as
"anticipate," "believe," "contemplate," "could," "estimate,"
"expect," "intend," "seek," "may," "might," "plan," "potential,"
"predict," "project," "target," "aim," "should," "will" "would," or
the negative of these words or other similar expressions, although
not all forward-looking statements contain these words.
Forward-looking statements are based on All For One Media's and All
Entertainment Media Group, Inc.'s current expectations and are
subject to inherent uncertainties, risks, and assumptions that are
difficult to predict. Further, certain forward-looking statements
are based on assumptions about future events that may not prove
accurate. These and other risks and uncertainties are described
more fully in the section titled "Risk Factors" in the Annual
Report on Form 10-K of All For One Media, Inc. filed with the
Securities and Exchange Commission on December 29, 2022, and other
filings and reports with the SEC. Forward-looking statements
contained in this announcement are made as of this date, and All
For One Media, Inc. undertakes no duty to update such information
except as required under applicable law
For more information about
All Entertainment Media Group, visit https://www.aemgworldwide.com.
For more information
about All entertainment Media Group
Phone:
888-245-2479
Email: info@aemgworldwide.com
Web:
https://www.aemgworldwide.com
For more information about
All For One Media Corp.
Contact: Brian Lukow
Phone: 914 574-6174
Email: Brian@Entbrands.com
