SOURCE: SNM Global Holdings

July 21, 2011 08:30 ET

SNM Global Holdings Announces New Business Team and New Financial Asset Business Plan

LONDON--(Marketwire - Jul 21, 2011) - SNM Global Holdings (PINKSHEETS: SNMN) announced it has elected a new management team and has redefined its business model to capture a growing and untapped global marketplace.

The Company plans the immediate completion of a series of acquisitions of financial assets to support its new business model. These assets will be consolidated as part of the company's financial portfolio and leveraged to provide a variety of asset-backed guarantees and other forms of surety and underwriting services to all categories of structured financial transactions. The Company generates revenue from its investments and from the percentage-based fees it charges for making its assets available to a transaction.

The Company anticipates the release of the first in a series of investor updates within the next few days wherein the initial asset base will be described and details disclosed. Thereafter, the Company will provide regular updates on its business model, restructuring, transactions, and both current and anticipated revenues.

As part of its ongoing disclosure policy, the Company will shortly release disclosures on its assets and business model and is currently completing the required documentation to have its trading status upgraded to "Current Information" with the OTC Disclosure Service. The Company intends to provide investors with timely and regular disclosures as part of the Company's operations.

No changes to the company's capital stock have occurred or will occur as part of this transition to the new operational strategy. The Company will not pursue completing its prior contemplated transactions with Banx and Green Corp. The Company will exclusively focus its operations on its new financial services model.

About SNM Global Holdings
SNM Global Holdings (SNM Global) acquires and manages financial and other assets to provide a variety of services including: guarantees, bond underwriting, equity enhancements, and other forms of transaction based surety underwritings. The Company acquires international assets that are otherwise idle or underperforming and monetizes them for the benefit of investors and clients alike.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from the statements made herein.

Contact Information

  • CONTACT:
    SNM Global Holdings
    100 Pall Mall
    Saint James
    London SW1Y 5NQ United Kingdom
    44 020 300 23567
    info@snmnglobal.com