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SNM Global Acquires OPEL Energy

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Rhea-AI Summary

SNM Global Holdings (OTC Pink: SNMN) has announced its acquisition of OPEL Energy, a Texas-based company in the water cleaning energy sector. The acquisition aims to enhance shareholder value and align with SNM's goal of moving to a higher exchange. OPEL Energy brings existing revenue capabilities, which SNM Global believes will complement its media-focused portfolio. This strategic move reflects confidence in generating future revenue through diversified holdings.

Positive
  • Acquisition of OPEL Energy enhances SNM's portfolio with existing revenue capabilities.
  • Strategic move aligns with SNM's goal of increasing shareholder value.
  • Potential for revenue growth in the lucrative water cleaning energy sector.
Negative
  • None.

MIAMI, FL, Feb. 02, 2022 (GLOBE NEWSWIRE) -- SNM Global Holdings (OTC Pink: SNMN) is excited to announce the 100% acquisition of OPEL Energy, a revenue producing Texas based company in the lucrative water cleaning energy sector.

" Although we concentrate our business in the media sector, the chance to bring OPEL Energy into the portfolio of SNM Global was too good to pass up. We feel this addition will add to share value and enhance our goals of reaching a higher exchange in the near future and add tremendous valuation to our company," states SNM Global CEO Troy Lowman.

OPEL management added a statement: "We are excited to join SNM Global in the next phase of the expansion of our company. With our existing assets and continuing revenue capabilities and SNM Global's attractive share structure and capital raising potential we feel this is the perfect fit for us."

About SNM Global Holdings:

SNM Global Holdings is a media/entertainment holding company with diversified holdings in other sectors.

Forward Looking Statements:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:
Troy Lowman, CEO
Phone: 410-733-6551
Email: ceotlowman@snm-global.com
www.snmnglobal.com

OPEL Energy:
www.globalcleanwater100.com

SOURCE: SNM Global Holdings


FAQ

What is the significance of SNMN's acquisition of OPEL Energy?

The acquisition is significant as it enhances SNM's portfolio with revenue-generating assets in the water cleaning energy sector, aiming to increase shareholder value.

When did SNMN acquire OPEL Energy?

SNMN announced the acquisition of OPEL Energy on February 2, 2022.

How does the acquisition impact SNMN's stock performance?

The acquisition is expected to positively impact SNMN's stock performance by diversifying its revenue streams and potentially increasing share value.

What are the future projections for SNMN after acquiring OPEL Energy?

Future projections for SNMN include increased revenue opportunities and a strategic shift towards higher market exchanges due to the acquisition.

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