Arvana Acquires Pintocity Inc.
Arvana Inc. (OTC PINK:AVNI) has signed a Memorandum of Understanding to acquire 100% of PintoCity Inc., a Nevada-based private company specializing in real estate. PintoCity's business focuses on acquiring and managing vacant shopping centers and big box stores across the United States, with plans to transform them into entertainment and themed centers. The acquisition's purchase price will be determined based on future performance metrics, with provisions for repayment to PintoCity's principals for advanced funds.
Arvana Inc. (OTC PINK:AVNI) ha firmato un Memorandum of Understanding per acquisire il 100% di PintoCity Inc., una società privata con sede in Nevada specializzata nel settore immobiliare. L'attività di PintoCity si concentra sull'acquisto e la gestione di centri commerciali vuoti e grandi negozi negli Stati Uniti, con piani per trasformarli in centri di intrattenimento e a tema. Il prezzo di acquisto dell'acquisizione sarà determinato in base a metriche di prestazione future, con disposizioni per il rimborso ai principali di PintoCity per i fondi anticipati.
Arvana Inc. (OTC PINK:AVNI) ha firmado un Memorando de Entendimiento para adquirir el 100% de PintoCity Inc., una empresa privada con sede en Nevada especializada en bienes raíces. El negocio de PintoCity se enfoca en adquirir y gestionar centros comerciales vacíos y grandes tiendas en los Estados Unidos, con planes para transformarlos en centros de entretenimiento y temáticos. El precio de compra de la adquisición se determinará en base a métricas de rendimiento futuro, con provisiones para el reembolso a los principales de PintoCity por los fondos avanzados.
Arvana Inc. (OTC PINK:AVNI)는 네바다에 본사를 둔 부동산 전문 사기업인 PintoCity Inc.의 100% 인수를 위한 양해각서를 체결했습니다. PintoCity의 사업은 미국 전역의 빈 쇼핑 센터와 대형 매장을 인수하고 관리하는 데 집중하고 있으며, 이들을 엔터테인먼트 및 테마 센터로 변형할 계획입니다. 인수의 구매 가격은 향후 성과 지표에 따라 결정되며, PintoCity의 주요 인사에게 사전 자금에 대한 상환 조항이 포함됩니다.
Arvana Inc. (OTC PINK:AVNI) a signé un protocole d'accord pour acquérir 100 % de PintoCity Inc., une entreprise privée basée au Nevada spécialisée dans l'immobilier. L'activité de PintoCity se concentre sur l'acquisition et la gestion de centres commerciaux vacants et de grands magasins aux États-Unis, avec des projets de transformation en centres de divertissement et à thème. Le prix d'achat de l'acquisition sera déterminé en fonction de futurs indicateurs de performance, avec des dispositions pour le remboursement aux principaux de PintoCity pour les fonds avancés.
Arvana Inc. (OTC PINK:AVNI) hat ein Memorandum of Understanding unterzeichnet, um 100% von PintoCity Inc., einem in Nevada ansässigen privaten Unternehmen, das auf Immobilien spezialisiert ist, zu übernehmen. Das Geschäft von PintoCity konzentriert sich auf den Erwerb und die Verwaltung von leeren Einkaufszentren und großen Geschäften in den Vereinigten Staaten, mit dem Plan, diese in Unterhaltungs- und Themenzentren umzuwandeln. Der Kaufpreis der Übernahme wird auf Grundlage zukünftiger Leistungskennzahlen festgelegt, mit Regelungen zur Rückzahlung an die Hauptpersonen von PintoCity für vorleistungsbezogene Mittel.
- Performance-based acquisition structure minimizes upfront capital requirements
- Entry into specialty real estate market with focus on property repurposing
- Potential revenue generation from entertainment and themed centers
- Purchase price uncertainty due to performance-based structure
- Obligation to repay PintoCity principals for advanced funds
- Execution risk in converting vacant properties to profitable entertainment centers
LAS VEGAS, NV / ACCESSWIRE / December 12, 2024 / Arvana Inc. (OTC PINK:AVNI) is pleased to announce that it has entered into a Memorandum of Understanding to purchase
PintoCity is a private company in the specialty real estate business. PintoCity's business model is to acquire and manage vacant shopping centers and big box stores throughout the United States. Properties are to be repurposed to entertainment and themed centers with a revenue generating strategy in place.
The purchase price is to be based on future performance only with full repayment to the principals of PintoCity for funds advanced.
About Arvana Inc.
Arvana (OTC: AVNI) is a public company registered under the Securities & Exchange Act of 1934, as amended, that is quoted on the OTC Pink Sheets Current Ifnormation Alternative Reporting platform. www.OTCmarkets.com
Additional Information:
Arvana Contact
James Kim, Chief Executive Officer
Phone: +1 702 899 1072
Email: james@arvana.us
Website: https://arvana.us
PintoCity Contact
Brian Lovig, Chief Executive Officer
Phone: +1 725 291 8055
Email: brian@pintocity.com
Website: https://pintocity.com
Forward-Looking Statements
Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulator legislation, and other circumstances that may cause actual results to be materially different from those expectations Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements contained in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K, Form 10-Q and Form 10-K, which may be viewed at www.sec.gov.
SOURCE: Arvana, Inc.
View the original press release on accesswire.com
FAQ
What are the terms of Arvana's acquisition of PintoCity announced on December 12, 2024?
What is PintoCity's business model that AVNI is acquiring?
How will the purchase price be determined for AVNI's acquisition of PintoCity?
What market segment will AVNI enter through the PintoCity acquisition?
