Broadside Enterprises, Inc. (OTC Pink: BRSE) is a holding company with two major divisions: Entertainment and Ventures. This includes the company’s 86.6% ownership in Framepool AG, which is a leading provider of stock footage for films, commercials, and more. Shares of the holding company are diving 50%, through early trading on Tuesday, March 28, 2017. Over the past month, Broadside Enterprises, Inc. has seen average daily volume of 20.55 million shares. However, volume of 142.56 million shares or dollar volume of $42,768, has already exchanged hands early Tuesday.
Shares of Broadside Enterprises, Inc. is facing steep pressure today, after management announced that its Ventures Division will be searching Africa for several opportunities, such as: solar energy, gold, diamonds, and other natural resources. Here is the full press release detailing of the acquisition and investment search:
Broadside Enterprises, Inc. Press Release:
IRVINE, CA, March 28, 2017 /PRNewswire/ – Broadside Enterprises, Inc. (BRSE) (“Broadside” or the “Company”) today announced that its Ventures Division is exploring several opportunities in Africa in solar energy and other natural resources including the mining of gold and diamonds.
As an initial investment, the Company is in advanced discussions with Léono Solar Solutions (www.leonosolutions.com) to invest in a unique energetic infrastructure concept which calls for the construction of 10 villages of 1,000 homes with solar panel roofs across Africa commencing in Benin.
The project was conceived by Sègbédji Parfait Aïhounhin, CAP, BACC, DUEEG, LCs, MCs, MC, DESS, Research Assistant at the University of Laval in Québec, and will be realized through the leadership of Richard Desgagné, CEO of Léono, Inc.
“In terms of population growth and economic growth, Africa is one of the greatest opportunities in the world and each of its sectors will require a stable power supply. Solar energy is an obvious choice,” said Broadside’s CEO Christopher Petzel, “and in terms of natural resources, Africa is one of the wealthiest continents in the world.”
It is Broadside’s corporate philosophy to engage in Africa and elsewhere in a socially and ecologically responsible manner. For this purpose, the Company will seek to partner with international and local charitable organizations.
Additional information about Broadside Enterprises can be found in the Company’s reports and filings at www.OTCMarkets.com, on the Broadside Enterprises website at www.broadside-enterprises.com and on Twitter at @brse_news.
About Broadside Enterprises, Inc.:
Broadside Enterprises, Inc. (BRSE), based in Irvine, California, is a publicly traded company with two divisions: Entertainment and Ventures.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.