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| MCAP is Working Hard on Executing on Business Model Today's News Proves it |
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 Hot Stock to Watch |
Company: Mango Capital, Inc. (Pink Sheets: MCAP)
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Close:
Price: 0.13
Change (%): + 0.02 (18.18)
Volume: 100 |
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Mango Capital, Inc. Agrees to Acquire 125 Additional Properties
FAR HILLS, N.J., June 15, 2016 (GLOBE NEWSWIRE) - Mango Capital, Inc. (OTC:MCAP) today announces the execution of an agreement to purchase an additional 125 properties. Consideration for the purchase consists exclusively of MCAP shares. The transactions are expected to be consummated within thirty days, further growing Mango’s balance sheet and real estate portfolio.
The properties being acquired are located in Arkansas and Texas. Many of the Texas parcels are in an exclusive development called Horseshoe Bay near Lake LBJ outside of Austin.
Located on beautiful, constant-level Lake LBJ in the heart of the Texas Hill Country, Horseshoe Bay has it all. Unrivaled real estate, spectacular water sports, breathtaking scenery and some of the best golf on the planet, making Horseshoe Bay undoubtedly one of the best places in the world to live.
The gorgeous Arkansas land is located in Benton County. Benton County is in the Northwest section of Arkansas, bordering both Oklahoma and Missouri. It is the second most populated county in Arkansas.
“This acquisition furthers our business plan of growing our business via acquisition using restricted shares in Mango as currency. We have some additional interesting opportunities in the pipeline as well, and are aggressively seeking more purchases to grow our balance sheet and to take Mango mainstream,” stated Mango President Rick Makoujy.
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