Saddle Ranch Media, Inc Enters Into Financial Agreement with NorthBridge Financial, Inc.

Newport Beach, CA -- October 19, 2017 -- InvestorsHub NewsWire -- (OTC Pink: SRMX) On October 3, 2017 Saddle Ranch Media, Inc., a Utah corporation 'The Company" entered into a settlement agreement and stipulation (“the settlement agreement”) with Northbridge Financial Inc., a Delaware corporation (“Northbridge") pursuant to which the Company agreed to issue common stock to Northbridge in exchange for settlement of certain outstanding debts of the Company in the amount of $190,000 owed to one of the Company’s primary manufacturing partners ("the settlement amount"). These obligations were incurred by the Company as a result of the product development of various technology devices that the Company intends to bring to market in the first quarter of 2018.
The Settlement Agreement became effective and binding upon the company and Northbridge upon execution of the Northbridge order by the district court on October 4, 2017. Pursuant to the terms of the settlement agreement approved by the Northbridge order on October 4, 2017 the Company agreed to issue to Northbridge settlement shares of the Company stock in one more tranches necessary to satisfy the Northbridge Settlement Amount through the issuance of freely trading securities issued pursuant to Section 3(a)(10) of the Securities Act of 1933.

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