LOCKPORT, Ill., Feb. 05, 2016 (GLOBE NEWSWIRE) -- WHAM INC. (OTC:WFMC) is excited to announce that it is bringing the greatest value to the stock, since its inception. It has signed a binding agreement with the New York Post Publishing, Inc., (NYPP) and CEO Steven Hoffenberg for the sale of certain stock and/or assets owned by NYPP to WHAM INC. This agreement was signed by both parties on February 2, 2016. The agreement sets forth a brief description of the terms and conditions of the definitive agreement of the purchase; the parties shall engage in the following transactions:
(A) WHAM INC. shall purchase and acquire one hundred (100%) percent of stock and/or all interests owned by NYPP in the following: Tower Investors.com Inc., Post Publishing.BUZZ Trade Mark Operations, Public Speaking WallStreet.com, Christ Credit and Debit Cards Operations and the Trademarks Christ Donations.com and Christ Faith Card.com and the “Mastercard” work will be provided by a classified source who will bring in the Christ Credit Cards to the market and the developing online operations, Hoff Online TV Operations and Trademarks in consideration for the issuance to NYPP fifty five (55%) percent of the issued and outstanding shares of common and preferred stock of WHAM INC., the controlling stock, which is presently publicly traded on the OTC Market, (http://towersinvestors.com/).
(B) it is contemplated that approximately one billion (1,000,000,000) dollars in outstanding debt securities owned by investors in Towers Financial Corporation, (“TFC”) shall be converted into a preferred class of stock of WHAM INC. and, subject to each investor's consent and the exchange offered to be approved by the Securities and Exchange Commission.
(C) it is contemplated that the Financial Trust Company, a trust formed under the laws of St. Thomas (the “Trust"), and Jeffrey Epstein, based upon TFC’s investment with Epstein and the Trust shall provide a minimum of one billion (1,000,000,000) dollars in assets to WHAM INC. for collection.
(D) NYPP shall receive the first five million ($5,000,000) dollars of the monies received from the Trust and/or Epstein. All funds received from the Trust and/or Epstein in excess of five million ($5,000,000) dollars shall be shared equally between NYPP and WHAM INC.
To view the complete agreement, go to: http://resource.globenewswire.com/Resource/Download/0d46d4cc-06b5-4e1d-b24f-aa4b62621c8c?size=o
WHAM’S Board of Directors thanks Steven Hoffenberg for his great stewardship and divine conviction, which is helping WHAM INC. establish itself as a diversified holdings company. Acquisitions of businesses are executed through M&A activity, stock exchanges, and asset acquisitions. “The mission of WHAM INC. is to acquire development and early stage companies. With the signing of today's agreement, which was Spirit led, a monumental milestone was achieved in the vision of the company,” said Theodore Fotsis Chairman/CEO.
Any questions regarding Epstein’s billions please contact Chairman/CEO Theodore Fotsis at (312) 780-0238 or email CEO Steve Hoffenberg at firstname.lastname@example.org.
About WHAM INC.
WHAM INC. is a diversified holdings company established for the purpose of investing in or acquiring development and early stage companies. Acquisitions of businesses are executed through M&A activity, stock exchanges and asset acquisitions. WHAM Inc. has the direct capability as a corporate structured finance originator, to organize and submit financial investments ranging from small to substantial in nature.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the company's current expectations as to future events; however, the forward-looking events and circumstances discussed in this press release might not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.