A1 Group acquires AICPG, names Ruben Padilla as new CEO [Seeking Alpha]
A-1 GROUP INC (AWON)
NASDAQ:AMEX Investor Relations:
a1.group/en/investor-relations
Company Research
Source: Seeking Alpha
Under the terms of the Share Exchange Agreement, the company will be issuing 740,000,000 shares of Common Stock in exchange for all the membership units of AICPG outstanding. In a related party transaction, pursuant to a Share Purchase Agreement, Ruben Padilla purchased all the issued and outstanding voting control shares of the company from Lloyd Preston Jr. which are 6,000,000 shares of the Series "A" Preferred Stock and 1,000,000 shares of the Series "B" Preferred Stock. As part of the change of control transaction (e.g., execution of the SEA and SPA), Lloyd Preston Jr. resigned all his positions with the company and the board of directors approved Ruben Padilla as the new CEO and Chairman of the Board, and Neil Benedict as President. A1 Group had appointed Ruben Padilla as its interim CEO in March. Over the next few months, A1 Group ( OTCPK:AWON ) said it will be adding additional strategic members to both its management team and its board of directors, mainly with indust
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News
- A1 Group Acquires AICPG [Yahoo! Finance]Yahoo! Finance
- A1 Group Acquires AICPGPR Newswire
- A1 Group Announces Letter of Intent [Yahoo! Finance]Yahoo! Finance
- A1 Group Appoints Ruben Padilla as Head, Embarking on a New Era of Leadership [Yahoo! Finance]Yahoo! Finance
- A1 Group Appoints Ruben Padilla as Head, Embarking on a New Era of LeadershipPR Newswire