NEW YORK, Oct. 17, 2017 (GLOBE NEWSWIRE) -- KYN Capital Group, Inc. (OTC PINK:KYNC), a diversified holding company, announced that it entered into an agreement (the “Minivest Agreement”) with LQD Ventures LLC (“LQD”).
Under this agreement, LQD will advise and host the Company on its Regulation A+ crowdfunding platform, Minivest.com (“Minivest”). KYNC and Minivest will work together to build a crowdfunding platform to market and advertise the Company, to monitor the“test the waters” stage, and to host the Regulation A+ offering. Also, Minivest will provide other business advisory services to the Company as necessary related to a prospective offering, and its crowdfunding page.
The Company engaged legal counsel to prepare and file its Regulation A+ offering circular with the Securities and Exchange Commission.
LQD received compensation for its services through the one time issuance of a $100,000 “Convertible Promissory Note”, dated August 3, 2017. LQD intends to place such securities into the market place upon the sooner of (1) the effectiveness of a registration statement as to such securities; or (2) the availability of Rule 144 as to the re-sale for such securities. Principals of LQD Ventures LLC may be investors or advisors of the Company, posted on Minivest.
Mr. Clem Yeboah, Chief Executive Officer of KYN Capital Group, commented, "With this step, we believe that the ‘Minivest’ platform, the expertise of LQD, and new legal counsel, together positions KYNC to be prepared for the next level of business activities.”
About KYN Capital Group
KYN Capital Group, Inc. (OTC PINK:KYNC) is a holding company of diverse companies that offers technical services geared for protection in corporate computing and security applications for cloud. The Company has developed technical support, engineering support as well as frontline phone support for business transactions for diversified customers and clients in US markets.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. KYN Capital disclaims any obligation to update any forward-looking statement made herein. Please refer to KYN Capital’s Disclosure Statement (“Disclosure Statement”) first published on May 28, 2015, on www.otcmarkets.com, and most recently updated on August 31, 2017 for a more complete description of KYN Capital’s operations. The summary description contained herein is qualified in its entirety to the fuller description contained in the Disclosure Statement.
Contact Information:
Clem A. Yeboah, CEO
KYN Capital Group, Inc.
535 Fifth Avenue, 4th Floor
New York, NY 10017
Email: info@kyncapitalgroupinc.com