Moon Equity Holdings Corp. Announces The Acquisition of Royal Costino LLC.
Rhea-AI Summary
Moon Equity Holdings Corp. (OTC symbol MONI) has announced its acquisition of Royal Costino LLC, appointing Anthony Cappaze as President of the new subsidiary. This acquisition aims to enhance Moon Equity's operations in exporting, producing, and trading precious metals, including gold, silver, and copper, potentially exceeding a value of $100 million USD. Cappaze, with a history in the telecom sector, brings valuable leadership experience to the role, which is expected to support the company’s strategy to diversify and develop multiple revenue streams.
Positive
- Acquisition of Royal Costino LLC enhances business operations in precious metals.
- Potential to generate over $100 million in metal extraction.
- Experienced leadership in Anthony Cappaze supports strategic growth.
Negative
- None.
News Market Reaction – MONI
In the trading session that priced this news, MONI declined 18.29%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Debary, FL, July 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Moon Equity Holdings Corp. (OTC symbol MONI) is proud to announce the acquisition of Royal Costino LLC. and the appointment of Mr. Anthony Cappaze as President of our new wholly owned subsidiary Royal Costino LLC.
The Company’s primary business is exporting, producing, and buying and selling of precious metals; additional businesses will be also brought onboard. Mr. Cappaze as president of Royal Costino LLC has recently operated Royal Costino LLC and Sovereign Metals. The new company, with a strong management team along with its engineers, geologists and security, have the ability to more than handle the extraction of gold, silver and copper in excess of
Mr. Cappaze was a senior executive at Northern Telecom and also ran the US east coast operation of United Telecom, including the government division.
Alison Galardi stated, “In the continuing effort to diversify our business we are very pleased about adding Anthony Cappaze and Royal Costino LLC to our portfolio of companies. He is a proven leader in the Precious Metals Industry and will be a valuable member of our team as we continue to build multiple revenue streams for Moon Equity Holdings Corp.”
Safe Harbor Statement
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of World Oil Group Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of World Oil Group Inc., its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on World Oil Group Inc.’s future results. The forward-looking statements included in this press release are made only as of the date hereof. World Oil Group Inc. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, World Oil Group Inc. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by World Oil Group Inc.
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