Category Archives: OTC

Sunshine Capital, Inc. (SCNP: OTC Pink Current) | Sunshine Capital, Inc. Announces Appointment of Venture Capitalist and Stock Market Magnate, Adam T. Petty as New President & CEO of Sunshine Capital and DIB Funding, Inc.

HOLLYWOOD, Fla., Sept. 24, 2016 /PRNewswire/ — Sunshine Capital, Inc. (Pink Sheets: SCNP) today announced that it has appointed venture capitalist and stock market magnate Adam T. Petty as the new president and CEO of both Sunshine Capital and DIB Funding to help execute the acquisitions of profitable private companies using the newly created DIBCOIN as currency.

This appointment comes due to the severity and uniqueness of the upcoming acquisitions using the cryptocurrency DIBCOIN, the first ever cryptocurrency that will be used as a monetary instrument to acquire assets for Sunshine Capital, Inc. with the outcome of no debt or dilution to the Sunshine shareholders.

The Company expects Mr. Petty’s stock trading experience and expertise in mergers and acquisitions along with his ability to run multiple companies at one time but his keen in site on knowing what investors expect from the companies they invest in to be invaluable asset. 

“This was my goal all along; to sign my long-time friend and business associate Adam Petty as President and CEO of my children’s two Companies,” stated Daniel J. Duffy, Investment Trustee of his children’s Companies. “What this move means no one really understands but me, Mr. Petty was with me through it all in 2003-2009 and without his assistance I would never been able to achieve the 140M dollars in executed and pending mergers and acquisitions for my multiple public companies.”

“We are so blessed to have Mr. Petty join the management team of both Sunshine Capital and DIB Funding,” stated Honson Luma, Vice President of both Companies. “With Mr. Petty’s expertise in the stock market, along with his ability to perfectly execute these upcoming acquisitions using DIBCOINS, there is no doubt that this business plan will be executed with the shareholders best interest in mind.”

“I must say it is an honor to be appointed President and CEO of Sunshine Capital and DIB Funding, Inc.,” stated Petty, newly appointed President and CEO of both Sunshine Capital and DIB Funding, Inc. “This executive position will allow me to ensure my long-time friend and business associate’s children’s companies are run in the best interest of the shareholders.

“Also, with my experience as a trader, venture capitalist, business owner, completing mergers and acquisitions; there is no doubt that I can acquire assets for the two companies and all the shareholders using DIBCOIN as form of payment. Our business model of using cryptocurrency to purchase hard assets will become the model for mergers and acquisitions and we will prove that cryptocurrencies are not just to purchase items on the internet, like bitcoin, but a currency that will have value and accepted all around the world.”

Mr. Petty graduated from Oglethorpe University receiving a BBA in accounting and a minor in economics. Mr. Petty received his CPA license in 1988. Mr. Petty is a serial entrepreneur, leading several businesses from retail stores to an accounting firm to multiple public relations firms. Mr. Petty gained his merger and acquisition experience while running his investor relations firm from 1999 to 2009, assisting in the execution of multi-million dollar deals with multiple public companies. Mr. Petty has built his wealth through investments in micro-cap public companies. Mr. Petty has spent the last 20 years in the market consulting with both private and public companies in financing, capital raising and mergers and acquisitions. 

Media Contact:
Adam T. Petty, Pres/CEO
Sunshine Capital, Inc.
7777 Davie Road Extension
Suite 302B
Hollywood, FL 33024

Forward-Looking Statements: 
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company’s behalf. All statements, other than statements of historical facts which address the company’s expectations of sources of capital or which express the company’s expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.

To view the original version on PR Newswire, visit:–ceo-of-sunshine-capital-and-dib-funding-inc-300333652.html

SOURCE Sunshine Capital, Inc.

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Pele Mountain Resources, Inc. (GOLDF: OTCQX International) | Pele Mountain Enters Into Funding Agreement

TORONTO, ONTARIO–(Marketwired – Sep 23, 2016) – Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) (“Pele” or the “Company“) announced today that it has entered into a funding agreement (the “Agreement“) with an arm’s length lender (the “Lender”). The Agreement sets out the terms of a $100,000 loan (the “Loan“) from the Lender to Pele.

The Loan bears interest at 6-percent per annum and will be repaid from the first proceeds realized from the sale of Pele’s 1.96-million shares of Kesselrun Resources Ltd. (the “KES Shares“).

Pele President and CEO Al Shefsky stated, “In keeping with our previously announced plan to monetize non-core-assets, we are partially monetizing our KES shares through this loan agreement – providing some immediate cash to the Company while retaining significant upside to Kesselrun. These are heavily-restricted shares of a junior exploration company and we believe that this loan is a prudent measure for Pele. It should be clear that we retain all of our KES shares and will, of course, abide by agreed-to restrictions on their future sale.”

As partial consideration for the Loan, Pele has agreed to issue 400,000 shares at an attributed value of $0.05 of the Company to the Lender, subject to regulatory approval. Upon repayment of the Loan, the Lender shall retain a 50-percent interest in the proceeds of future sales of the KES Shares and a 10-percent interest in any proceeds actually received by Pele from the Company’s royalty on its former Ardeen Project.

The Loan is subject to approval of the TSX Venture Exchange and the shares issuable pursuant to the Agreement will be subject to a four (4) month hold.

About Pele

Pele Mountain Resources is focused on the sustainable development of power generation, energy storage and mineral processing in Northern Ontario.

Pele’s Eco Ridge project has unique characteristics that make it an attractive development site, including excellent regional infrastructure, strong local support, and its strategic location in Elliot Lake, Canada’s only historic rare earth mining and processing camp. Pele remains committed to advancing Eco Ridge as host to Canada’s first rare earth processing centre and its extensive NI 43-101 mineral resources continue to provide exposure and leverage to rare earths and uranium.

The protracted downturn in the rare earth and uranium markets has prompted Pele to expand its business model to include electricity generation and energy storage projects, beginning in Elliot Lake. Pele sees considerable opportunity in this rapidly growing sector and is working with leading energy industry professionals and suppliers of advanced technologies to provide a range of customized benefits to municipal and industrial electricity consumers in Northern Ontario.

Pele shares are listed on the TSX Venture Exchange under the symbol “GEM” and on the OTCQX under the symbol “GOLDF“.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Pele’s future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Shares Outstanding: 209,596,930

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MRV Engenharia e Participacoes SA (MRVNY: OTCQX International Premier) | BD

BD – 09/23/2016

Sep 23, 2016

OTC Disclosure News Service

Belo Horizonte, Brazil

This release includes additional documents. Select the link(s) below to view.

MRV – RCA 2016.09.23 – ENG.pdf

Copyright © 2016 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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