In order to deliver scalable and sustainable growth, it is important that CGRA lays a solid foundation. The company has therefore been busy implementing its banking, infrastructure, reporting, administration, accounting, branding, marketing, and core back-office procedures and personnel. This positions the company to attract top management talent and provides the platform for access to capital and from which it can grow and continue towards becoming
CGRA launched its new website this week (https://cgrowthcapital.com). While the website is still in its infancy, it provides a good representation of where the company is heading. The website will grow as the acquired companies are added and the new board members join during the following weeks and months. The company is also currently recruiting to grow its marketing team.
CGRA has officially hired its first four board members which will be announced and updated onto the website in the coming week. During April, the company is also expecting to announce its distinguished new Chief Executive Officer.
The company has already carried out its first acquisition, that of Savage Barbell, a profitable
In a significant move, CGRA is currently aligning itself for the acquisition of a new and prominent Boxing company with which Interim CGRA CEO,
CGRA is also negotiating four further acquisitions. Frustratingly, the previously mentioned technology acquisition is taking slightly longer than anticipated due to some hurdles uncovered during the Due Diligence. The company is however confident that these will be overcome in the short to medium-term and is looking forward to closing this deal as soon as possible.
As the global markets head into a recession or certainly into challenging times, this benefits CGRA’s strategy. In a recession, people do not go out as often and spend more time at home watching sports which presents opportunities at all levels for CGRA. Sport in general is a
Interim CEO,
For regular
Website: https://cgrowthcapital.com
Twitter: @CGRAOTC
Contact: info@cgrowthcapital.com
Source: CGRA
Forward-Looking Statement
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Twitter: @CGRAOTC
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