Green Stream Holdings Inc. (GSFI) Sells Chuck's Vintage to VGTel, Inc. (VGTL)
Green Stream Holdings Inc. (OTC PINK: GSFI) has announced the sale of its subsidiary, Chuck's Vintage, to VGTel, Inc. (OTC PINK: VGTL). This strategic move allows GSFI to concentrate on its solar utility and finance objectives. Following the acquisition, Chuck’s Vintage purchased 1,000 Preferred Series A shares of VGTL, achieving majority voting power. Jim DiPrima has been appointed interim CEO of VGTL as they aim to comply with OTC Pink Current Information tier requirements. An 8-K has been filed with the SEC detailing these changes.
- GSFI can now focus on solar utility and finance initiatives after divesting Chuck's Vintage.
- Acquisition of majority voting shares in VGTL enhances GSFI's strategic position.
- The transaction's initial consideration was an assumption of certain liabilities, which may pose financial risks.
GSFI Will Install New Board & Officers Of VGTL
NEW YORK, NY, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company" or “GSFI”) (https://greensolarutility.com/), announced today that its wholly owned subsidiary, Chuck's Vintage (https://chucksvintageoriginal.com), an iconic retail specialty brand in Los Angeles and New York City, has been sold to VGTel, Inc. (OTC Pink: VGTL) allowing GSFI to focus on its objectives in the Solar Utility/Solar Finance space alongside burgeoning opportunities in current projects and near-term initiatives.
Subsequently, Chuck’s Vintage, Inc. has purchased 1,000 Preferred Series A shares of VGTel, Inc. (OTC PINK: VGTL), representing a majority of the voting class shares, placing Jim DiPrima as interim CEO as the VGTL will work to file necessary reports to effect an OTC Pink Current Information tier in conjunction with identifying officers and directors positioned to effectively manage and grow the Company.
CEO James DiPrima said: “After VGTL becomes current, we at GSFI, intend to bring shares of VGTL into GSFI so that our shareholders will get additional consideration for the transaction. The initial consideration was the assumption of certain liabilities.
An 8-K has been filed with the SEC today by Green Stream Holdings, Inc.
https://www.otcmarkets.com/filing/conv_pdf?id=15181782&guid=ULq1kHRRMB3wvth
An 8-K has been filed with the SEC today by VGTel, Inc, on 8/13/2021:
https://www.otcmarkets.com/filing/conv_pdf?id=15161114&guid=opF1kee5FMC9vth
More information to follow in subsequent releases.
About Green Stream Finance, Inc.
Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership with major investment groups, brokers, and private investors in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned to become a significant player in the solar space. Please visit: https://greensolarutility.com
About Chuck's Vintage:
Chuck's Vintage provides its clients an all access pass to historical fashion. Accessories, garments and complete ensembles from a bygone era, lest we forget its beauty. It seems only fitting that Chuck's Vintage would open its doors during a pandemic that is most closely associated with the plague that befell Los Angeles in 1924. In these times of uncertainty, and ever-changing business regulations and restrictions, Chuck's Vintage is doing its best to provide clients with a white glove experience.
Established in 2006, Chuck's Vintage is a store unlike any other; a true American original. The moment you step over the threshold at 16618 Marquez Ave, Pacific Palisades 90272, you find yourself amid abundant treasure. The selection of vintage denim has to be seen to be believed. The blue jeans in her store range from Strongholds found in the California Gold Rush mines to World War II-Era Levi's, Lees, and Wranglers, as well as 1960's ladies high-waisted and groovy deadstock Levi's bells. Come to Chuck's for the denim, but stick around and complete your look with the founder's sampling of vintage American workwear: rugged military and work boots, buttery leather bomber jackets, and soft, perfectly worn-in vintage 70's rock tees. Classic American Cool.
Chuck's Vintage was founded by GSFI former CEO Madeline Cammarata (fka Madeline Harmon), who hailed from an illustrious background in fashion. Her career began as a fashion model, where she was soon discovered by the iconic and provocative fashion photographer Helmet Newton, launching Cammarata to the runways of Europe. Returning to the US, Madeline found a powerful niche in the high fashion world of denim, where she was instrumental in providing fabric development for powerful brands like 7 For All Mankind and provided thousands of pieces to celebrity and business elites from Steve Jobs to Morrisey and everywhere in between. Please visit: https://chucksvintage.com
Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
For All Inquiries Contact:
+1 (424) 280-4096
president@greenstreamfinance.com
SOURCE: Green Stream Holdings Inc.
Website: https://greensolarutility.com
Instagram: chucksvintage original
Phone: +1 (646) 669-7007
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