MIAMI BEACH, Fla., Oct. 7, 2016 /PRNewswire/ -- SNM Global Holdings (OTC: SNMN), an entertainment media holding company based in Miami Beach, FL, has entered into a term sheet with Game Vodka., a Virginia based spirits company. Whereby SNM Global Holdings will purchase 17.5% of Game Vodka for $100,000.00 in cash and common stock. SNM Global Holdings will also secure exclusive distribution rights for Game Vodka products. The parties will consummate the transaction with a definitive purchase and sale agreement by the end of the fourth quarter. SNM Global Holdings will provide funding and promotions to further enhance and expand the Game Vodka products.
Game Vodka is an organic based corn vodka, 8 times filtered, 5 times distilled, using reverse osmosis water. Game Vodka is the first spirit created and marketed 100% for sports. "Crafted for the Sports Fan" is its slogan. Their goal is to be the "spirit of all sports."
"The Game Vodka acquisition stake continues our pursuit to garner and promote another asset that we feel will bolster our overall value of SNM Global," stated CEO Troy Lowman. "It gives us another asset to diversify our entertainment/Media portfolio for our shareholders."
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
SOURCE SNM Global Holdings
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