Star8 Corporation Announces Sale of Three Subsidiary Companies: Rari Nutrition, Vibe Holdings and Palm Nutrition
Star8 Corporation (OTC PINK:STRH) announced the immediate sale of three subsidiaries: Rari Nutrition, Vibe Holdings, and Palm Nutrition. Original founders Sean Kelly and Chris Bosco will reacquire these companies. CEO Mario Diez stated that the divestiture aims to focus on NFT market expertise. Rari Nutrition is recognized for its eCommerce success through platforms like Amazon, while Vibe Holdings operates the contract-free marketing agency Media Hawk. The terms of the sales remain undisclosed.
- Focus on NFT market could enhance strategic positioning.
- Streamlining operations may improve overall efficiency.
- Lack of financial details regarding the sales may raise concerns.
- Potential loss of revenue streams from divested subsidiaries.
MIAMI, FL / ACCESSWIRE / July 5, 2022 / Star8 Corporation (OTC PINK:STRH) announced today the sale of three of its subsidiary companies: Rari Nutrition, Vibe Holdings Group (Media Hawk) and Palm Nutrition. The companies will be reacquired by Sean Kelly and Chris Bosco, their original founders, effective immediately.
"As Star8 Corporation continues to establish itself as an specialist in the NFT market, we've made the decision to streamline our businesses, honing in our expertise on the NTF space," said Mario Diez, Chief Executive Officer of Star8 Corporation.
Rari Nutrition is known for developing a successful ecommerce business which introduced multiple products to the online market through Amazon and its website RariNutrition.com. Rari was acquired by Star8 Corporation in October, 2021.
Vibe Holdings is parent company to Media Hawk, full-service marketing agency that offers its services
Palm Nutrition is the creator of Healthy Greens, an organic super greens supplement designed to energize, detoxify and alkalize its users. Palm Nutrition was acquired by Star8 Corp., in early January, 2022.
Terms of the sales were not disclosed. To learn more about Star8 Corporation and its portfolio of subsidiary companies, please visit Star8Corp.com.
About Star8 Corporation
Star8 Corporation (OTC PINK:STRH) - a publicly traded holding company with expertise in technology, NFT experience, and eCommerce driven solutions. Additionally, Star8 Corporation provides sustainable marketing, technology, sales and distribution consulting for clients. To learn more about Star8 Corp. please visit Star8Corp.com.
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Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE: Star8 Corp.
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FAQ
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