SOURCE: SNM Global Holdings

January 11, 2011 14:36 ET

SNM Global Holdings Completes Acquisition of Banx and Green Group Inc.

LAS VEGAS, NV--(Marketwire - January 11, 2011) - SNM Global Holdings (PINKSHEETS: SNMN) announced today it has completed its acquisition of 51% of Banx and Green Group Inc.

Banx and Green Group is an Alternative Energy Company with specialties in Green Construction, Biofuel Development with a contract to build Emergi-Care centers in California.

The company's future plans are to:

  • To expand the current business model to include various holdings for possible acquisitions, investments and the development of new created IPOs
  • To move to the OTCBB and create company value through the creation of IPOs
  • Hire additional Board Members and Management personnel
  • New Web and Social Media Strategies
  • File all financial statements to bring the company to current status

The current Board Members and President Mr. Harrison have resigned and Mr. LaFave is the sole director and President of SNM Global Holdings. Mr. LaFave will also maintain his position as President of Banx and Green Group.

Also, in a private transaction, Mr. LaFave has acquired the Preferred Series "A" stock representing 50.1%.

About SNM Global Holdings
SNM Global Holdings (SNM Global) is a technology holding and development company that invests in, acquires, and develops Intellectual Property Assets and Operations in various industries such as Clean/Alternative Energy, Green Construction, Sports and Entertainment and New Media Properties sectors.

The Company sees profits through equity ownership and sales and distribution of its technology and solutions. The company operates through its subsidiaries and various distribution partners worldwide.

"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

    SNM Global Holdings
    4045 South Spencer Street, Suite 403
    Las Vegas, NV 89119
    Email Contact