Palm Desert, CA -- December 13, 2017 --
InvestorsHub NewsWire -- Full Alliance Group, Inc. (The "Company")
(OTCPK:
FAGI), a holding company, today issued the following letter to
shareholders.
To all Full Alliance Group Shareholders:
As we conclude 2017, the Board of Directors would like to thank
shareholders, our employees and their families for the continued
patience as we work to reach the objectives that we have been
striving to achieve for nearly four years. We know that it has come
at a cost, both emotionally and financially, for many of you.
Without your perseverance we would certainly not be where we are
today, on the precipice of finally moving our company forward.
We are extremely pleased today, more than ever, Full Alliance is
positioned to succeed in achieving our initial objective of
acquiring the substantial assets of Grupo Richard. This diverse
company has limitless potential on many fronts, from real estate
ownership & development, to construction, mining and the
implementation of proprietary banking technology. The assets were
acquired at a discount and therefore we feel that not only have we
been able to achieve shareholder value from day one, but we should
also be able to exponentially build value as these assets are
developed.
Full Alliance was able to negotiate the acquisition of Grupo
Richard's assets with a combination of $1.5M in cash and 20M in
restricted shares of common stock. Grupo Richard has an expert,
third party valuation by Riedel Research Group of over $280M.
When Grupo Richard desired to take its stable of assets public,
it had two options. The first option--an initial public offering
(IPO)--can be a tedious process involving brokers and investment
banks. This can take a year or more, under even the best of
circumstances and cost millions of dollars. The other option--a
merger--is much faster and minimizes third party interference. In
exchange for the faster and simpler approach, often the merging
company is willing to transfer its assets at a discount.
Looking ahead to 2018, management has already eyed several
highly qualified and seasoned individuals from both the United
States and Central/South America who should be more than capable of
driving growth of operations, spearheading corporate strategy, and
maximizing efficiencies. These individuals have experience with
institutional capital as well as well as the market dynamics, which
we feel will position Full Alliance to grow rapidly.
In the near term, we will be releasing a number of significant
filings to show our shareholders, institutional investors and
markets that Full Alliance has successfully achieved many of their
goals. The Grupo Richard assets are diverse enough by themselves to
create limitless potential from a revenue and operations side.
However, additional industries such as agriculture and
manufacturing/distribution have already been explored and
preliminary discussions have taken place with parties interested in
taking their assets public within the Full Alliance conglomerate.
Management's goal is to generate bottom line revenue while always
striving to maximize shareholder value.
Our immediate goal is to develop these assets within Latin
America, a rapidly emerging market, by infusing the intellectual
and financial capital that a multi-million dollar American
corporation can offer. We believe that current market conditions
are ripe for such an expansion.
The company is very fortunate to have executives with decades of
experience and with access to a broad spectrum of investment banks
and equity funds. Over the past few years we have made substantial
inroads with these sources of capital, and several agreements are
already in place which will provide Full Alliance with the working
capital needed to act as catalyst for the operations we are
obtaining from Grupo Richard.
It is the desire of the company to rapidly increase our revenues
and stabilize the market with full expectation of uplisting to a
major exchange. We are confident that with the asset values where
they are at present we will more than satisfy the requirements of
either NYSE or NASDAQ.
Again, we thank you for your commitment to our Full Alliance and
hope you are as excited as we are with the direction we are headed
for 2018 and beyond.
Sincerely,
Jacob Thomas
Chairman / CEO
951-294-4420
ABOUT FULL ALLIANCE GROUP
Full Alliance Group Inc. is a multi-faceted company with current
diverse investments in the United States, focusing primarily on
organic pod-based agriculture, acquisitions, and CBD-based
nutraceuticals. Once these strategic acquisitions are procured and
integrated into the long term objectives of the company, Full
Alliance Group will provide investment capital, modern business
practices and best-in-class management to cultivate and mature
these companies to their greatest potential.
FORWARD-LOOKING STATEMENTS
This shareholder update may contain a number of forward-looking
statements. Words and variations of words such as: "expect",
"goals", "could", "plans", "believe", "continue", "may", "will" and
similar expressions are intended to identify our forward-looking
statements, including but not limited to: our expectation for
growth, benefits from brand-building, cost savings and margins.
These forward-looking statements are subject to a number of
risks and uncertainties, many of which are beyond our control,
which could cause our actual results to differ materially from
those indicated in our forward-looking statements. Such factors
include, but are not limited to: continued volatility of, and sharp
increase in: costs/pricing actions, increased competition, risks
from operating internationally, consumer weakness, weakness in
economic conditions and tax law changes.
