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Gerpang Definitive Merger Agreement Sparks SPO Global Inc. (OTCMKTS: SPOM)

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SPO Global and Gerpang Healthcare Group (OTCMKTS: SPOM) was up over 600% in afternoon trading after the Company announced it has signed a definitive agreement to acquire Gerpang Healthcare Group of Shandong in a reverse merger agreement. Gerpang has a staff of over 220 people, more than 10 international and national patents, and an annual turnover of approximately RMB 1 billion.

This is huge news for SPOM which was liquid and had drifted to $0.0113 lows in recent weeks – the news has transformed SPOM into a fast runner and a volume leader.

SPO Global (OTCMKTS: SPOM) bills itself as a holding company whose strategic plan is to acquire interests in emerging young businesses, and provide financing, advice and guidance to assist them in realizing their potential. The Company is implementing an acquisition roll-up model of acquiring sales, marketing, and manufacturing businesses. Once acquired, the collective group of companies leverage the low cost and efficient infrastructure that has been created. The Company’s subsidiary, Wine on Tap, Inc, recently announced it has acquired specific assets of Wine Stream Inc., including key personnel and intellectual property, licensing and franchise rights. With this acquisition, the Company adds deep industry expertise in the platform technology that will allow the Company to roll out and develop facilities throughout the United States from which to market premium wines in keg volume. The Company will be able to utilize the strategic partnerships and relationships already in place to offer the same high quality products already offered in Florida by Wine Stream. A second subsidiary, Reflective Solutions, has a unique performance optimization software IP for all enterprise applications. The principal software products of Reflective Solutions is “Stress Tester” a robust Performance Stress testing solution for large enterprise applications and the product “Sentinel” that is providing enterprise customers an intelligent monitoring solution 24 / 7 software as a service ( SaaS)

On February 13 SPOM announced it has signed a definitive agreement to acquire Gerpang Healthcare Group of Shandong, China. Gerpang Healthcare Group is located in Jinan Pharma Valley Industrial Park, High-tech District. It is an innovative technology-based private and high-tech enterprise. The main business scope of Gerpang includes bio-pharmaceutical R&D, development and sales of medical informatization software, medical high-tech introduction, production and sales of medical quality supplies, dietary supplement, medicine, as well as agents and sales of medical equipment supplies. Gerpang has a staff of over 220 people, more than 10 international and national patents, and an annual turnover of approximately RMB 1 billion.

In the past five years, Gerpang has established strategic partnerships with various universities in biomedicine in Toronto, Montreal, Boston, New York and Connecticut, and established a wide range of government resource management and business contacts. The relationships have resulted in multi-level investments in more than 20 projects.

The acquisition is scheduled to close no later than February 18, 2020. At the time of closing, all officers and directors of SPO Global will resign and will be replaced by the management of Gerpang. The Company will acquire 100% of the assets of Gerpang, and Gerpang shareholders will acquire common shares equal to 80% of the fully diluted shares of common stock of the Company post-merger. At the time of merger, the Company will have no more than $42,000 of accounts payable and $ 12,500 of convertible debt.

The Company’s CIO, Saeb Jannoun, stated “We are delighted to be working with the team at Gerpang Healthcare. The merger marks a very exciting and important point in the Company’s history. After a lot of discussion and information exchange, we feel that taking this next step is going to propel SPO Global and its shareholders forward in an extremely promising field. Gerpang targets areas in healthcare that are in very high demand.”

Gerpang’s President, Mr. Fengyou Lu stated: “We are looking forward to working with SPO Global team. We will do our best to make the company prosperous and stronger. Thank you all shareholders! “

Currently on a fast rise since the Company announced it has signed a definitive agreement to acquire Gerpang Healthcare Group of Shandong. The main business scope of Gerpang includes bio-pharmaceutical R&D, development and sales of medical informatization software, medical high-tech introduction, production and sales of medical quality supplies, dietary supplement, medicine, as well as agents and sales of medical equipment supplies. Gerpang has a staff of over 220 people, more than 10 international and national patents, and an annual turnover of approximately RMB 1 billion. We will be updating on SPOM on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SPOM.

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Disclosure: we hold no position in SPOM either long or short and we have not been compensated for this article.

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