MC Endeavors, Inc. (OTC: MSMY) Rescinds Megola, Inc./TheShare.TV Deal and Provides Shareholder Updates
LAGUNA HILLS, CA, Aug. 31, 2018 (GLOBE NEWSWIRE) -- MC Endeavors, Inc. /Room 21 Media (PINKSHEETS: MSMY) today announced the decision to rescind TheShare.TV, LLC reverse take-over of Megola, Inc (OTC:MGON). The announcement was made by John Stippick, CEO of MC Endeavors/Room 21 Media. John stated “After much due diligence by our legal and accounting teams during our last quarterly report, we have determined that Megola, Inc. is no longer the appropriate direction for our very valuable asset of TheShare.TV. This will return TheShare.TV as a wholly owned subsidiary to MC Endeavors, Inc. As an additional confirmation of this strategic decision, in the past two weeks we have already received a better offer for worldwide distribution which will be a greater benefit to our MSMY shareholders. Also, we have already begun interviewing RTO candidates for Megola, Inc. that are more appropriate to the legacy accounting and share structure that was left by previous management of MGON. ”
John Stippick added, “Given that we now need to attend to the legal matters of unwinding the Megola, Inc./TheShare.TV deal, we have also decided to extend our launch to a later date so as to ensure we don’t have any legal complications resulting from the previously intended merger. In the meantime, we are going to give MSMY shareholders “sneak peaks” into the programming that has already been completed for the upcoming launch. As stated previously, we will initially launch on Android with rapid follow up on Apple iOS, ROKU, and distribution as well.”
Mr. Stippick continues, “We are very excited that we can proceed with all of our assets under the one company with TheShare.TV as our wholly owned asset which is now being combined with income generating Room 21 Media Platform modules, and the upcoming Mobile App. Over this weekend, we will showcase a Room 21 Platform that combines video production assets, our platform technology, and e-commerce we have developed. We encourage everyone to visit and on Labor Day to see first hand the power of this combination. We firmly believe we have a bright future ahead.”
About MC Endeavors, Inc. /Room 21 Media
MC Endeavors, Inc. (OTC Pink: MSMY), an innovator in social commerce platforms, is committed to becoming a leading global social video commerce company that utilizes a single core platform, Room 21™, to produce, distribute, and monetize online communities for individuals and businesses that interact with industries ranging from industrial business to healthcare to entertainment.
About TheShare.TV
TheShare.TV is a subsidiary of MC Endeavors, Inc., and is the first and only network channel for addiction treatment and recovery lifestyles. The network is developing, producing, and distributing original addiction treatment and sober lifestyle television programming to a worldwide audience. The original programming promotes long term recovery, inspiration, and awareness through education, support, music and entertainment. For more information, please visit .
Safe Harbor Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE MC Endeavors, Inc
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For further information contact: John Stippick President MC Endeavors, Inc/Room 21 Media/Megola Inc. Phone: (310) 986-6373 E-mail:
