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| BTDG Continues Impressive Expansion and Roll-up Strategy with New Acquisition |
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Company: B2Digital, Inc. (Pink Sheets: BTDG)
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Last:
Price: 0.0065
Change (%): + 0.00 (0.00)
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B2Digital (OTC: BTDG) Expands Portfolio With Acquisition of Strike Hard Productions MMA, Provides Business Update
TAMPA, FL, Sept. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- B2Digital Inc. (OTC: BTDG) (the “Company”) today announces it has acquired Strike Hard Productions of Alabama, effective immediately. Pursuant to the terms of the acquisition agreement, B2Digital acquired 100 percent of the equity interests in Strike Hard Productions for a combination of cash and shares of B2Digital’s restricted common stock.
Strike Hard Productions promotes and has held more than 50 LIVE MMA events in Alabama and Mississippi. Per the acquisition agreement, the company is now part of B2Digital’s “B2 Fighting Series” brand, which includes HRMMA, Colosseum Combat, United Combat League and Pinnacle Combat fighting companies, as well as MMA news and social media system, Blue Grass MMA. With this latest acquisition, B2 Fighting Series has fights scheduled in 10 states this fiscal year ending March 31, 2020.
“We have been looking for ways to expand Strike Hard Productions in Alabama and Mississippi, and the expertise of B2Digital CEO Greg Bell and the success of the Company’s LIVE events and technologies are why we decided to join the B2 Fighting Series. This will allow us to supply our champions and fighters with additional opportunities to develop their MMA skills and advance to the MMA major leagues,” said Jamie Sullivan, who will remain the CEO of Strike Hard Productions post-acquisition.
B2Digital’s portfolio of wholly owned companies and brands also includes the B2 Social Media Network (“B2SN”), which in May 2019 exceeded 1.1 million social media connections to MMA fans worldwide. B2SN has more than 50,000 unique users engaged in the network on a daily basis, and B2Digital expects B2SN’s social media connections will continue to grow alongside the B2 Fighting Series LIVE Events.
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