NEW YORK, NY -- March 10, 2023 -- InvestorsHub NewsWire
-- CGrowth Capital Inc. (OTC:
CGRA) is a public Mergers and Acquisition Company focused
on disrupting the sports & lifestyle sectors through the
acquisition and consolidation of disruptive technology, sports and
lifestyle businesses. Under its new management, CGRA has been
focused on setting strong foundations in preparation for aggressive
growth.
In order to deliver scalable and sustainable growth, it is
important that CGRA lays a solid foundation. The company has
therefore been busy implementing its banking, infrastructure,
reporting, administration, accounting, branding, marketing, and
core back-office procedures and personnel. This positions the
company to attract top management talent and provides the platform
for access to capital and from which it can grow and continue
towards becoming SEC reporting. We are pleased to say that CGRA
will have most of these foundations in place by the end of March
2023, enabling the company to launch into delivering its
vision.
CGRA launched its new website this week (https://cgrowthcapital.com). While the website
is still in its infancy, it provides a good representation of where
the company is heading. The website will grow as the acquired
companies are added and the new board members join during the
following weeks and months. The company is also currently
recruiting to grow its marketing team.
CGRA has officially hired its first four board members which
will be announced and updated onto the website in the coming week.
During April, the company is also expecting to announce its
distinguished new Chief Executive Officer.
The company has already carried out its first acquisition, that
of Savage Barbell, a profitable USA leader in the functional
fitness apparel sector. CGRA intends to expand the Savage Barbell
brand globally and further expand its range of high-quality apparel
into other sports, aligning with the company’s acquisition
strategy.
In a significant move, CGRA is currently aligning itself for the
acquisition of a new and prominent Boxing company with which
Interim CGRA CEO, Nicolas Link, has involvement. The boxing company
already has fifty world class fighters contracted around the globe,
including several current and future world champions and several
gold medal Olympians. This business would create a significant
platform and marketing channel for CGRA’s subsidiaries to gain huge
global exposure and grow their revenues as a result. The viewership
and revenue of combat sports, in particular boxing, are growing
rapidly. This is demonstrated by the huge “fight nights” that have
been televised in recent years, where in several cases, a single
fight has generated hundreds of millions or even billions of
dollars. With its stable of current world champions and gold medal
Olympians, this company could be extremely well positioned to
rapidly enhance CGRA’s growth trajectory. CGRA is confident that it
can complete this acquisition at the appropriate time, which it
expects to be in the very near future once the boxing company has
completed the appropriate consolidation and organizational
re-structuring.
CGRA is also negotiating four further acquisitions.
Frustratingly, the previously mentioned technology acquisition is
taking slightly longer than anticipated due to some hurdles
uncovered during the Due Diligence. The company is however
confident that these will be overcome in the short to medium-term
and is looking forward to closing this deal as soon as
possible.
As the global markets head into a recession or certainly into
challenging times, this benefits CGRA’s strategy. In a recession,
people do not go out as often and spend more time at home watching
sports which presents opportunities at all levels for
CGRA. Sport in general is a $500 billion market that touches
almost every person’s life in some way, regardless of
race, religion, sexual orientation, wealth, or location, and this
presents a huge opportunity which CGRA is planning to
seize. The company is taking major steps and structuring
itself towards becoming a global player in the sports and lifestyle
sectors.
Interim CEO, Nicolas Link, said: “While we are a couple of weeks
behind where we would like to be, the time spent now to get the
basics right will be worth it in the future. CGRA is evolving and
snow balling into potentially a far greater business opportunity
than we had originally anticipated. I’m looking excitedly forward
to the management team all being on board and speeding up the
rollout.”
For regular CGrowth Capital (CGRA) updates, you are invited to
view the company’s website and/or to follow the company’s Twitter
account:
Website: https://cgrowthcapital.com
Twitter: @CGRAOTC
Contact: info@cgrowthcapital.com
Source: CGRA
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, in light of the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
Twitter: @CGRAOTC
CGrowth Capital (PK) (USOTC:CGRA)
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