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| MJTV Signs Final Definitive Merger Agreement |
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 Hot Stock to Watch |
Company: Michael James Enterprises, Inc. (OTCQB: MJTV)
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End of Day:
Price: 0.20
Change (%): + 0.0092 (4.82)
Volume: 7,800 |
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Michael James Enterprises f/k/a BullsnBear.com Enters Into Final Definitive Merger Agreement With Michael James Enterprises Of Nevada
SHORT HILLS, N.J., June 17, 2016 /PRNewswire/ - Michael James Enterprises, Inc. (OTCQB: MJTV), f/k/a Bullsnbears.com, Inc. announces that a final definitive merger agreement has been signed and executed with Michael James Enterprises, Inc (MJE) a Nevada corporation two days ago on Wednesday June 15, 2016.
In anticipation of this merger being completed, Bullsnbears.com, Inc. changed the corporate name to Michael James Enterprises, Inc., with new trading symbol of MJTV, before the end of 2015 to properly reflect the new direction of the company. The merger documents are fully executed. The merger will officially close upon the effectiveness of a Definitive Information Statement on For 14C. The Preliminary Information Statement is expected to be filed next week with a ten (10) day comment period.
MJTV will now move to finalize certain formulations for the Acne System, including, but not limited to, coloring, fragrance, textures and more upsell products in addition to the current three kit morning/evening applications with intra day spot application. Several of the necessary vendors to move the product forward will, in an expedited fashion, be engaged in the next few weeks and through the end of July for final stability, benchmarking and other necessary testing to bring the product to market.
James Farinella, CEO of Michael James Enterprises stated, “The merger is a fait accompli at this point. We have to go through the filing of a 14C Information Statement for an official closing. However, everyone can rest assure that we can now aggressively start moving the process of building the acne brand. Basic corporate setup is now done and I am very excited to build a fundamentally strong future for MJTV.”
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