LAS VEGAS, Nov. 25, 2018 /PRNewswire/ -- Formerly known as Compass Biotechnologies (Stock Symbol Otcmrkt: COBI), BANGI is moving swiftly to execute its first order of business - paying off COBI's outstanding regulation fees which include its state registration and transfer agent fees, as well as making compliant its financial reporting with OTC Markets.
In addition, the Company will legally change its name to BANGI (pronounced bon-ghee) with the Nevada Secretary of State.
The Company has kept former CEO Rick Shykora on board as its Interim CEO. "I'm ecstatic to see BANGI management take the first step towards making the Company compliant and more transparent. The marijuana penny stock industry has been riddled with the exact opposite, so it's refreshing to see this team take governance seriously," said Shykora.
BANGI is a diversified investment vehicle that acquires and leases specialized real estate assets, such as cannabis farms. The entity is focusing on the lack of real estate funding in the cannabis industry. Federal regulations on cannabis have prevented federally insured banks from financing cannabis companies, which leaves an enormous opportunity for alternative solutions. BANGI is prepared to meet this opportunity with a formula for success.
"Making up over 10% of the cannabis business sector, Real estate is one of the largest expenses for growers, dispensaries, extractors, and retailers. BANGI will fill that void by raising funds through the capital markets. BANGI is keeping me focused on making sure our shareholders are aware of our plans for progression, and I'm happy to assist them throughout this transitional period," added Shykora. To learn more visit www.bangistock.com.
BANGI INVESTMENTS, LLC
BANGI (pronounced bon-ghee), which means "marijuana" or "hemp" in the African dialect Swahili is a diversified investment vehicle that acquires and leases specialized real estate assets, such as cannabis farms. The Limited Liability Company combines hard asset security and long-term appreciation potential.
COMPASS BIOTECHNOLOGIES, INC
Compass Biotechnologies, Inc. (OTC MARKET: COBI), DBA Motion Entertainment Group Inc. is a professional-grade audio equipment company with products that are already in use by world-class musicians and entertainers, and popular amongst rising stars. Aligned with industry heavyweights, the company is introducing new innovations that reflect a decades-long focus on producing the highest quality audio experiences and industry-changing evolutions, for the enjoyment of music fans and aficionados globally.
BANGI INVESTMENTS, LLC FORWARD-LOOKING STATEMENTS
This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the investment offerings and the terms thereof, are forward-looking statements. When used in this press release, words such as we "expect", "intend", "plan", "estimate", "anticipate", "believe", "should", or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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