SkyFidelity, Inc. entered in an agreement to acquire Saddle Ranch Media, Inc. from Philip M. Cohen and other shareholders in a reverse merger transaction.
March 08, 2017
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SkyFidelity, Inc. entered in an agreement to acquire Saddle Ranch Media, Inc. (OTCPK:SRMX) from Philip M. Cohen and other shareholders in a reverse merger transaction on February 28, 2017. Under the terms of the deal, Saddle Ranch Media will exchange 400 million of its common shares for 100 million common shares of SkyFidelity. In a related transaction, Saddle Ranch entered into an agreement to spin out African American Medical Network. Saddle Ranch Media will seek approval to change the name and the trading symbol. Phil Cohen resigned as Chairman, Chief Executive Officer and Director of Saddle Ranch Media and Timothy P. Peabody was appointed Chairman, President, Chief Executive Officer and Director in his place. Alan Bailey will continue as Chief Financial Officer, Secretary and Director and will provide continuity during this transition process, as well as in the future. The deal is expected to close on or before March 15, 2017. As of April 21, 2017, the transaction is expected to be completed shortly.
Saddle Ranch Media, Inc. through its subsidiary, Tri Cascade, Inc., is an authorized Telecom Internet of things (IoT) Service Provider based in Irvine, California with design and manufacturing facilities in Taiwan. It provides NarrowBand-Internet of Things (NB IoT) to fifth-generation wireless (5G) solutions, through its various IoT devices and ONENET business-to-business (B2B) IoT onboarding platform certified by Microsoft IoT sphere under Microsoft's Azure IoT hub for business and infrastructure IoT operations. Tri Cascade, Inc. offers energy efficiency management, home automation, wireless networking, and telecom IoT connectivity, as well as cloud management integration services. The Company focuses is to provide a smart way of managing its environment indoors and outdoors through the transmission, integration, monitoring and reaction to/from data management, providing both NB IoT, long-term evolution (LTE) and 5G connectivity tailored to the data requirements of the consumer.
SkyFidelity, Inc. entered in an agreement to acquire Saddle Ranch Media, Inc. from Philip M. Cohen and other shareholders in a reverse merger transaction.
SADDLE RANCH MEDIA, INC. 
