TPT Global Tech's Subsidiary Completes Merger to Tap Into "Culture is the New Technology(TM)"
TPT Global Tech (OTC Pink: TPTW) announced that its subsidiary, TPT Strategic (INOQ), has merged with Urban Icon™, a holding company focused on FutureTech™ businesses.
This merger involves TPT Strategic acquiring a minority stake while Urban Icon Holdings gains a majority interest. The stock symbol will change from INOQ to NURB (NewUrban™). The merger aims to leverage Urban Icon's expertise in social media, entertainment, and technological innovations to enhance the capabilities of TPT's VüMe super app, which will now integrate a broader range of services.
This strategic move is expected to expand the user base and revenue streams for both companies globally. The merger aligns with TPT's vision of driving social impact through technological advancements and supporting diverse entrepreneurs.
TPT Global Tech (OTC Pink: TPTW) ha annunciato che la sua sussidiaria, TPT Strategic (INOQ), si è fusa con Urban Icon™, una holding focalizzata su aziende FutureTech™.
Questa fusione prevede che TPT Strategic acquisisca una partecipazione di minoranza mentre Urban Icon Holdings ottiene una partecipazione di maggioranza. Il simbolo azionario cambierà da INOQ a NURB (NewUrban™). L'obiettivo della fusione è sfruttare l'expertise di Urban Icon nei social media, nell'intrattenimento e nelle innovazioni tecnologiche per migliorare le capacità della super app VüMe di TPT, che ora integrerà un'ampia gamma di servizi.
Questa mossa strategica si prevede espanderà la base utenti e le fonti di reddito per entrambe le aziende a livello globale. La fusione è in linea con la visione di TPT di promuovere un impatto sociale attraverso i progressi tecnologici e di sostenere imprenditori diversificati.
TPT Global Tech (OTC Pink: TPTW) anunció que su subsidiaria, TPT Strategic (INOQ), se ha fusionado con Urban Icon™, una empresa holding centrada en negocios de FutureTech™.
Esta fusión involucra a TPT Strategic adquiriendo una participación minoritaria mientras que Urban Icon Holdings obtiene una participación mayoritaria. El símbolo de las acciones cambiará de INOQ a NURB (NewUrban™). La fusión tiene como objetivo aprovechar la experiencia de Urban Icon en redes sociales, entretenimiento e innovaciones tecnológicas para mejorar las capacidades de la super aplicación VüMe de TPT, que ahora integrará una gama más amplia de servicios.
Se espera que este movimiento estratégico expanda la base de usuarios y las fuentes de ingresos de ambas empresas a nivel global. La fusión se alinea con la visión de TPT de impulsar un impacto social a través de avances tecnológicos y apoyar a emprendedores diversos.
TPT 글로벌 기술 (OTC 분홍색: TPTW)는 자회사인 TPT 전략 (INOQ)가 FutureTech™ 비즈니스에 중점을 둔 지주회사인 Urban Icon™과 합병했다고 발표했습니다.
이번 합병은 TPT 전략이 소수 지분을 인수하고 Urban Icon Holdings가 과반 지분을 얻는 방식으로 진행됩니다. 주식 기호는 INOQ에서 NURB (NewUrban™)로 변경됩니다. 이 합병의 목표는 Urban Icon의 소셜 미디어, 엔터테인먼트 및 기술 혁신 관련 전문성을 활용하여 TPT의 VüMe 슈퍼 앱의 기능을 향상시키는 것입니다. 이제 이 앱은 더 다양한 서비스를 통합합니다.
이 전략적 조치는 두 회사의 글로벌 사용자 기반과 수익원을 확장할 것으로 기대됩니다. 이 합병은 기술 발전을 통해 사회적 영향을 주도하고 다양한 기업가를 지원하겠다는 TPT의 비전과 일치합니다.
TPT Global Tech (OTC Pink: TPTW) a annoncé que sa filiale, TPT Strategic (INOQ), a fusionné avec Urban Icon™, une société holding axée sur les entreprises FutureTech™.
Cette fusion implique que TPT Strategic acquiert une participation minoritaire pendant qu'Urban Icon Holdings obtient une participation majoritaire. Le symbole boursier changera d'INOQ à NURB (NewUrban™). L'objectif de cette fusion est d'exploiter l'expertise d'Urban Icon dans les médias sociaux, le divertissement et les innovations technologiques afin d'améliorer les capacités de la super application VüMe de TPT, qui intégrera désormais une gamme plus large de services.
Ce mouvement stratégique devrait élargir la base d'utilisateurs et les sources de revenus des deux entreprises à l'échelle mondiale. La fusion s'inscrit dans la vision de TPT de promouvoir un impact social à travers les avancées technologiques et de soutenir les entrepreneurs diversifiés.
TPT Global Tech (OTC Pink: TPTW) gab bekannt, dass ihre Tochtergesellschaft, TPT Strategic (INOQ), mit Urban Icon™, einem Holdingunternehmen, das sich auf FutureTech™-Geschäfte konzentriert, fusioniert hat.
Diese Fusion beinhaltet, dass TPT Strategic eine Minderheitsbeteiligung erwirbt, während Urban Icon Holdings eine Mehrheitsbeteiligung erhält. Das Aktiensymbol wird von INOQ auf NURB (NewUrban™) geändert. Das Ziel der Fusion ist es, die Expertise von Urban Icon in den Bereichen soziale Medien, Unterhaltung und technologische Innovationen zu nutzen, um die Fähigkeiten der VüMe Super-App von TPT zu erweitern, die nun ein breiteres Spektrum an Dienstleistungen integriert.
Dieser strategische Schritt wird erwartet, um die Nutzerbasis und die Einnahmequellen beider Unternehmen global zu erweitern. Die Fusion steht im Einklang mit der Vision von TPT, soziale Auswirkungen durch technologische Fortschritte voranzutreiben und vielfältige Unternehmer zu unterstützen.
- TPT Strategic's merger with Urban Icon expands technological capabilities.
- Stock symbol changes from INOQ to NURB, reflecting a new market identity.
- Urban Icon Holdings gains majority interest, enhancing strategic direction.
- Access to Urban Icon's social media and entertainment expertise enhances VüMe super app.
- Merger expected to expand user base and revenue streams globally.
- TPT Global will hold a minority position in the new offering.
A Global Marketplace Vision by Urban Icon™
SAN DIEGO, CA / ACCESSWIRE / July 25, 2024 / TPT Global Tech (OTC Pink:TPTW) announces today that its subsidiary, TPT Strategic (INOQ), has entered into a strategic merger acquisition with Urban Icon™ (UI), a Holding Company acquiring FutureTech™ companies that understand the power of social impact, technological and cultural innovation.
UI's general mandate crosses multiple industries including Fintech, Electric Mobility, AI and Blockchain driven products, including a Global 360 Health Initiative (physical, mental, environmental, and finance health) that supports the social and economic growth of the New Urban™ markets. The Company has already identified several investment opportunities and has executed several LOI's with strong leadership teams, assets, and revenue strategies.
As part of the merger, the stock symbol will change from INOQ to NURB (NewUrban™). Urban Icon Holdings will gain a majority interest, while TPT Global will hold a minority position in the new offering.
In addition, the merger gives TPT access to Urban Icon's social media and entertainment market expertise to assist in the development, partnerships and marketing of the VüMe super app. This integration aims to enhance VüMe's capabilities, offering a comprehensive range of services and solutions across various industries, thus expanding its user base and increasing its societal impact while driving revenue for both companies on a global scale.
"We are thrilled to merge TPT Strategic with Urban Icon™, which shares our vision of driving social impact through technological innovation," said Stephen J. Thomas III, CEO of TPT Global Tech. "This merger not only broadens our technological capabilities but also reinforces our commitment to supporting diverse entrepreneurs and integrating impactful tech solutions into our VüMe super app and at the same time increasing our technology IP and shareholders' equity".
For more information or details on the TPT Strategic and Urban Icon™ strategic Merger acquisition individuals can go to the TPT Global tech's 8k filing with SEC or TPT Global Tech website.
About Urban Icon Int'l Holdings :
"Culture is the New Technology™" is the ongoing mantra and values proposition of the Company. UI's Board of Directors and Executive Team are leveraging over 100 combined years of experience in the top positions and categories surrounding entertainment, lifestyle and culture, banking, and personal tech.
The Company will also launch its long awaited Venture Studio by the 1st Quarter 2025 funding at least 7 to 10 investment deals per year. UI is positioned to operate in Los Angeles & London over the next year and has interests in the Middle East and Africa.
About TPT Global Tech
TPT Global Tech, Inc. is a technology holding company based in San Diego, California. It was formed as the successor of two U.S. corporations, Ally Pharma US and TPT Global, Inc. The Company operates in various sectors including media, telecommunications, Smart City Real Estate Development, and the launch of the first super App, VüMe Live technology platform.
As a media content delivery hub, TPT Global Tech utilizes its own proprietary global digital media TV and telecommunications infrastructure platform. They offer software as a service (SaaS), technology platform as a service (PAAS), and cloud-based unified communication as a service (UCaaS) solutions to businesses worldwide. Their UCaaS services enable businesses of all sizes to access the latest voice, data, media, and collaboration features.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
For more information about TPT Global Tech and its subsidiaries, please visit www.tptglobaltech.com.
For media or Investment inquiries, please contact: Rick@tptglobaltech.com
SOURCE: TPT Global Tech, Inc.
View the original press release on accesswire.com
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