MC Endeavors, Inc. (OTC Pink: MSMY) is engaged as a social commerce platform developer. Shares of the social media commerce technology developer is rallying 23.44%, through afternoon trading on Tuesday, April 24, 2018. Over the past month, MC Endeavors, Inc. has seen average daily volume of 1.27 million shares. However, volume of 2.78 million shares or dollar volume of $60,604, has exchanged hands through afternoon trading on Tuesday.
Shares of MC Endeavors, Inc. are climbing today, after the company recently announced that it has entered into a Letter of Intent to acquire a new production studio for its TheShare.TV program. The network studio facility is located in Laguna Hills, CA and management believes this will serve as a necessary launch pad for its social commerce ventures. Here is the full press release detailing of the proposed acquisition:
MC Endeavors, Inc. Press Release:
Beverly Hills, Calif., April 19, 2018 (GLOBE NEWSWIRE) — MC Endeavors, Inc. (MSMY), an innovator in social commerce platforms, is committed to becoming a leading global social commerce company that utilizes a single core platform, Room 21™, to produce, distribute and monetize online communities for individuals and businesses that interact with industries ranging from industrial business to healthcare to entertainment.
Management is proud to announce that the company officially entered into negotiations to acquire its own network studio production facility in Laguna Hills, CA. Mr. Stippick, CEO, states “We are a digital media company and with this studio agreement, our company will save months of valuable time and millions of dollars in equipment. Given our wide range of capabilities, it is natural for MC Endeavors/Room 21 Media to acquire its own studios, production teams, copy writers, and editors to create its own content for TheShare.TV and to produce commercials, infomercials, and video educational content for our clients with greater profitability and quality. Given that all social platforms such as Facebook, SnapChat, Instagram, Twitter, YouTube, and Google Plus utilize both live video and taped broadcast, this is a strategic decision that will powerfully enable our company to become a major content producer. Finally, given that TheShare.TV is a wholly owned subsidiary with its own revenues, contracts, and cost centers, management felt that Room 21 Media needed to own its own studios to ensure that Production agreements generated by TheShare.TV would be awarded to the parent company at a comparable price and quality as if delivered by the larger studios. This ensures that monies generated by TheShare.TV can and will be spent with Room 21 Media studios providing production.”
Our management will be releasing finalized information regarding the final terms of this agreement and additional distribution partners with the anticipated revenue streams for MC Endeavors, Inc./Room 21 Media.
Safe Harbor Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.