WOWIO, INC. Prepares for Major Acquisition
WOWIO Sells Its Option on Restaurant Businesses to M Line Holdings, Inc.
Henderson, CA - (NewMediaWire) - November 30, 2018 - Wowio, Inc. (OTC Pink: WWIO) “WWIO or The Company” has recognized after considerable due diligence that the right direction for the Company is in the development of property in the US via a major acquisition of a more than 200 acre resort property. WWIO is therefore selling its now expired options on restaurants in Arizona to position WWIO to complete this acquisition. The management team is also focusing on its house building projects in California. The terms for WWIO to acquire a majority interest of this fabulous project are being finalized to be announced in the coming days.
Tony Anish, CEO of Wowio, Inc. stated; “It has taken us a while to recognize where we should expend our energy in relation to the growth of WWIO. M Line is paying WWIO 30,000,000 restricted shares for the expired options in the form of a convertible preferred stock that cannot be converted for eighteen months. WWIO is going to maintain a very small head office overhead while working with a small team of experienced professionals that will assist in the management of the homebuilding business and the new project. We will continue to seek out synergistic opportunities that will enhance the business, provide growth and improved shareholder value.”
Tony Anish further commented: “We are very close to completing the financial statements and will begin filing the statements next week. Stay Tuned, much more news to come.”
About Wowio, Inc.
WOWIO, Inc., has in the past been a digital media and technology development company with a patented process and a proprietary mobile ad-delivery platform that planned to disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: ad-supported eBooks.
However, Wowio’s direction is in the real estate space with two house building projects in in California and growth in real estate development in other parts of the US.
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For more information contact Anthony L. Anish email@example.com