The Marquie Group Retires Debt
The Marquie Group, Inc. (OTCMKTS: TMGI) has successfully retired its remaining debt of $471,750 with two senior lenders, settling for $200,000. CEO Marc Angell announced a strategic shift from variable rate financing to a fixed price model, enabling the company to collaborate with a single institutional investor. This transition is expected to reduce capital costs and improve financial terms. The Marquie Group is also the exclusive sales and marketing company for Whim, a premium line of health and beauty products that incorporates advanced ingredient technologies.
- Retired remaining debt of $471,750 for a settlement of $200,000, improving cash flow.
- Shifted to fixed price model financing, potentially lowering capital costs.
- Plans to work with a single institutional investor, enhancing growth opportunities.
- None.
ST. PETERSBURG, FL, Feb. 25, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – The Marquie Group, Inc. (OTCMKTS:TMGI) (“The Marquie Group” or the “Company”), a sales and marketing company, is pleased to announce it has retired its remaining debt with two senior lenders totaling
“We’re moving away from variable rate financing to a fixed price model,” said company CEO Marc Angell, adding, “working with a single institutional investor will afford the company continued growth with a cheaper cost of capital, and more favorable terms.”
The Marquie Group is the exclusive sales and marketing company for a line of health and beauty products called Whim. Developed by industry veterans at Simply Whim, LLC, Whim is a premium line of skin care products using multi-active ingredients with multiple benefits for the skin. They’ve included the latest ingredient technologies as well as tried and true favorites by isolating plant-based ingredients from both land & sea, all with a skin care purpose. The line is rich in peptides, antioxidant vitamins, amino acids, alpha hydroxy acids, and more. With a marketing banner, “Age is not a skin type”, driving the message that your chronological age does not define how your skin ages, rather, the way you treat your skin through your lifestyle choices does. A daily regimen of Whim products combined with a good diet, exercise, and healthy habits will help keep you looking young and healthy.
About The Marquie Group
The Marquie Group, Inc. is a sales and marketing company with several products under exclusive licensing agreement. The company advertises the Whim products by airing commercials on its radio network, Music of Your Life, the nation's longest-running syndicated music radio network, which is broadcast around the country on terrestrial radio, and to a worldwide audience over the Internet.
Forward-Looking Statements
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
Investor and Media Inquiries
Marc Angell, CEO
800-351-3021
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