TORONTO, ON--(Marketwired - June 29, 2016) - Bravo Multinational Incorporated (OTCQB: BRVO) completed an acquisition transaction on May 6, 2016, with Centro de Entretenimiento y Diversion Mombacho S.A., located in Managua, Nicaragua. On June 1, Bravo received its first income from this new business venture, with additional income payments to be received on the first of each month.
In the above transaction, BRVO purchased 150 of a total contracted 500 slot machines and video poker gaming machines. All machines are to be operated and managed under a long-term (the year 2033) countrywide national license. An announcement regarding the next gaming machine purchase installment will be released in an upcoming press release.
BRVO's income stream from these gaming machines may come from three sources. Firstly, the historical date shows gross net-win income per machine at approximately $420 US per month. Secondly, BRVO has the option to sell the machines to any third party for a profit. The Company's cost per machine is $4500 and based on historical data, the retail value of a machine which has been placed into a licensed vendor location is approximately $7000 per machine. Finally, when machines are sold, BRVO, in addition to the retail profit margin, would also receive fees for arranging and managing the North American side of the transaction.
BRVO hired Gametouch, LLC to manage the potential sales of machines, www.gametouchllc.com.
The Company executives remain confident that this transaction is a solid financial move, providing a long-term steady revenue source for Bravo Multinational Incorporated.
All incomes will be reported in BRVO's required US SEC filings.
Please visit the new Bravo Multinational Incorporated website: www.bravomultinational.com.
About Bravo Multinational Incorporated:
Bravo Multinational Incorporated (OTCQB: BRVO) is a diversified Company, with casino equipment holdings in Central and South America as well as 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, Kara Craig, YES INTERNATIONAL, 757-306-6090, email@example.com, www.yesinternational.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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