LAS VEGAS, NV--(Marketwired - Aug 18, 2016) - Momentous Entertainment Group, Inc. (OTC PINK: MMEG), an innovative entertainment and diverse media company, announced today that it has entered into an Equity Purchase Agreement ("EPA") with Southridge Partners II LP ("Southridge"), an institutional investor, under which Southridge agreed to purchase up to $3 million in Momentous's equity securities. Southridge Advisors II LLC will act as advisor and perform certain administrative functions on behalf of the Momentous. The Equity Purchase Agreement provides attractive terms and flexibility. The proceeds are intended to be used to fund continued development of Momentous' business platform including, our vertical growth model and for general working capital purposes.
The Company is required to file a registration statement with the SEC, and proceeds will become available to the Company upon the registration statement being declared effective.
Kurt Neubauer, CEO of Momentous Entertainment Group, Inc., said, "This financing allows us to continue to grow and expand both our content development, video streaming project and initiate our live event projects. It also substantially increases our capacity to carry out our current business plan and accelerates our expansion strategy."
Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996 the structured finance team has made direct investment of over $1.8 billion into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail. For more information, visit: www.southridge.com
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. is an innovative, diverse media company that creates, produces, and distributes quality content across various media channels, including feature film, television, radio, the Internet, and various forms of digital media for use in the home and on mobile devices. The company is divided into three divisions: TV & film, music recordings, and direct marketing. With a combined experience of more than 100 years in entertainment and marketing, MMEG will be able to make major contributions by providing quality content and products worldwide.
Please take note that the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://facebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/10623581).
To learn more, visit Momentous Entertainment Group's websites: Products Site www.momentousent.com, Music Site www.momentousmusic.com and Music One Corp www.music1.biz.
This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc.'s (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.