TORONTO, ON--(Marketwired - August 31, 2016) - Bravo Multinational Incorporated (OTCQB: BRVO) completed an acquisition transaction recently with Centro de Entretenimiento y Diversion Mombacho S.A., located in Managua, Nicaragua.
In the above-noted transaction, Bravo to date has purchased 150 of a total contracted 500 slot and video poker gaming machines. All machines are to be operated and managed under a long-term (the year 2033) country-wide National License in Nicaragua.
Bravo has subsequently engaged GameTouch, LLC to coordinate the retail sales segment of Bravo's gaming machines located in Nicaragua. Sales as of July 31, 2016, from the GameTouch sales team, generated $315,000US for Bravo in total contracted sales revenue (with no significant outside marketing). Information about Bravo's gaming machine purchase opportunities is at www.gametouchllc.com.
Paul Parliament, Bravo President, stated, "We are very pleased with these short-term results from the GameTouch sale team, and Bravo's management anticipates that with the initiation of ongoing wide scale marketing and promotions, an increased number of sales should be able to be achieved. We estimate that we may reach a PROJECTED sales target of $3,500,000 for 2017. We anticipated finalizing these combined projects soon, and we feel confident that the Company can have a strong future for years to come."
With expanded exposure in mind, management acknowledges the importance of increasing the Companies shareholder base and enhancing public relations. Therefore, after reviewing some financial marketing firms throughout the USA and performing significant research and due diligence, Bravo management decided to hire RedChip Companies Inc., a well established national and internationally recognized investor relations and financial marketing firm (previously announced August 17, 2016).
All reported incomes will be in Bravo's required US SEC filings.
About Bravo Multinational Incorporated:
Bravo Multinational Incorporated (OTCQB: BRVO) is a diversified Company, with its main focus on the development and expansion of the Casino Gaming Equipment holdings and business related activities in Central and South America, specifically Nicaragua, El Salvador, and San Andres, Columbia.
We also currently hold gold/silver mining properties and claims in North America. Bravo's growth strategy, driven by partnerships, acquisitions, and new ventures should result in financially viable and profitable corporate divisions.
For further information about Bravo Multinational Incorporated, please contact, Michael Sullivan, RedChip Companies, 407-644-4256 ext.115, Michael@redchip.com, www.redchip.com and www.bravomultinational.com
Bravo Multinational Incorporated cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.
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