ZA Group Updates the Market and Announces Definitive Agreement for New Large-Scale Acquisition

Rhea-AI Summary

ZA Group Inc (ZAAG) announced a definitive agreement to acquire 60% of a new company in a rapidly expanding market. After successful negotiations on February 15, 2022, the team is finalizing the acquisition details. The deal aligns with ZA Group's vision of sustainability and consumer wellness. Additionally, its subsidiary, NFID, plans to accept cryptocurrencies like Bitcoin and Ethereum for apparel purchases, showcasing a move towards modern payment solutions. Further press releases will provide comprehensive details about the acquisition's potential impact.

Positive

• Acquisition of 60% in a rapidly growing marketplace, enhancing business scope.
• Strategic alignment with corporate vision of sustainability and wellness.
• NFID's acceptance of cryptocurrency could attract a tech-savvy customer base.

Negative

• None.

PENSACOLA, Fla., Feb. 23, 2022 /PRNewswire/ -- ZA Group Inc (ZAAG) updates the market and announces definitive agreement for new large-scale acquisition deal and company. ZA Group and its CEO has been working hard and diligently over the past several weeks to be able to close this new large-scale acquisition deal and company. Last week ZA Group, its CEO, lawyers, and the new large-scale acquisition that ZA Group looks to acquire had a successful conference call and meeting on Tuesday, February 15, 2022. All parties have come to terms and agreed whereas ZA Group will acquire 60% of this new large-scale acquisition deal and company. Therefore, ZA Group will have 60% ownership in this new deal and company. The lawyers are finishing the definitive agreement for executing and ZA Group and the acquisition company look to close on this acquisition in the coming days. This new large-scale acquisition deal and company is in a rapidly expanding and fast-growing marketplace and it's something everyone needs in the world to live.

I am personally excited to be involved in this new acquisition that I have helped ZA Group just about close on and I feel as though we will close on this acquisition in the coming days. ZA Group will look to release multiple press releases so that we can disclose all the details on this deal and company as well as the enormous upside potential it creates for the company and its marketplace. It fits our corporate vision of sustainability, Wellness and direct to consumer products. More details will be coming about the acquisition in the near future as we prepare to finalize and execute the documents.

In other news and furthermore, ZA Group would like to announce that its subsidiary, NFID, will be accepting cryptocurrency on its website as payment for the apparel lines in the near future. The company will be integrating the payment system to begin accepting Bitcoin, Ethereum and other Cryptocurrencies. "We believe that accepting Bitcoin is a step into the future of online business for NFID and as more and more businesses begin to accept cryptocurrency, we at NFID and ZA Group want to be early adopters in that space," said Bill Bollander. NFID is a direct-to-consumer brand that produces apparel and accessories available at www.NFID.com.

About Us
ZA Group Inc. is a brand development company focused on acquiring direct to consumer (DTC) brands that deliver compelling products in fashion, street, wellness, home, active and outdoor lifestyle sectors. Our goal is to take these brands to the next level whether we own, license, or manage them.

Forward-Looking Statements: Forward-looking statements and risks and uncertainties discussed in this press release may contain forward-looking statements. The words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape or manner of our future financial condition or stock price.

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SOURCE ZA Group Inc.

FAQ

What acquisition deal has ZA Group Inc (ZAAG) announced?

ZA Group Inc has announced a definitive agreement to acquire 60% of a new company in a rapidly expanding market.

When did ZA Group finalize the acquisition agreement?

The acquisition agreement was finalized after successful negotiations on February 15, 2022.

What is the significance of the acquisition for ZA Group Inc (ZAAG)?

The acquisition is significant as it expands ZA Group's business scope and aligns with its vision of sustainability and wellness.

What new payment option will NFID be implementing?

NFID will begin accepting cryptocurrencies, including Bitcoin and Ethereum, as payment for its apparel lines.

What will ZA Group Inc (ZAAG) do next regarding the acquisition?

ZA Group plans to release multiple press releases detailing the acquisition and its expected impacts.