CLEARWATER, FL--(Marketwired - Nov 17, 2016) - Keith Holloway, Chief Executive Officer of Ecom Products Group ("EPG" or the "Company") (OTC PINK: DCOU), announced today that the company has entered into a conditional strategic investment and asset injection offer from Hong Kong based FCP Investments.
The agreement would make FCP investments a corner stone and strategic investor to support EPG's products and services strategy. As part of the agreement, FCP would conditionally invest $1 million and facilitate a number of e commerce services companies and platforms. The investment is conditional upon some further debt restructuring as well as a 40 to 1 common share reversal. The share reversal has been approved by the State of Florida and submitted for approval to all regulatory agencies.
FCP will facilitate a strategic relationship with China Retail Group (CRG) to become a strategic investor and grant access to service, platforms and clients. This relationship will allow EPG to implement strategy to access key growth markets like China.
As part of the deal, Andrew Waters will assume the role of Chief Executive Officer and Holloway will become the Chief Operating Officer of EPG as well as the CEO of Ecom Products Group's Service Division. This division of EPG will work with international brands to enter the U.S. market. Once completed, FCP will also assist EPG in a further capital raise from industry and strategic investors and search for key acquisitions in the ecommerce space.
Holloway said, "FCP has an extensive track record in the e commerce service and investment space and a proven track record in growing companies in the consumer space and has extensive reach into China. I am thrilled Mr. Waters will be leading the growth of EPG, he has over 20 years of experience driving growth to a number of consumer companies throughout Asia and China."
About FCP investments
FCP investments has proven track record in investing in the consumer sales finance and logistics space in the Chinese and Asian markets. FCP is the majority investor in China Retail Group that is China based and services many European brands and has invested in a number of Chinese consumer platforms.
About Ecom Products Group
EPG has e-commerce services for marketing, sales channels management and fulfilment.
Whether you need a service provider or partner to expand your consumer business or brand awareness through e-commerce. EPG has services, bundled solutions and the ability to achieve brands' objectives in US, China and growth markets. EPG also invests in and partners with specialty e-commerce platforms that will allow its customers to search, connect, communicate and transact with targeted customers in international growth markets. To find out more, please visit www.EcomProductsGroup.com
This release contains "forward-looking statements". "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. At the time of this release the Company lacks the financial capabilities to meet its financial obligations and its management expects to dilute the Company's shares to raise the necessary operating capital. Based upon industry standards the Company would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risks not mentioned may apply: failure to meet the Company's financial and contractual obligations, you should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. Furthermore, no information in this press release should be considered as any indication whatsoever of the Company's future revenues, operating results or stock price.