NEWPORT BEACH, CA -- (Marketwired) -- 04/30/15 -- European private investment house, Schneider Brothers and Partners has signed a share purchase agreement to invest $50M USD in SunGame Corporation (OTC PINK: SGMZ) during a period of one year.
"We are impressed with SunGame's innovations and plan to provide assets for the company to reach its full potential," stated Schneider's CEO, Philippe Ayme-Jouve. Schneider has also appointed Nicholas Irwin, Chartered Accountant, to become SunGame's CFO.
SunGame's CEO, Raj Ponniah confirmed that the transaction was a positive one for the company, stating, "SunGame welcomes the stability and integrity that a company like Schneider brings, as well as the operational benefit of having a European partner."
Schneider Brothers and Partners is a European licensed financial company, and have over 500M pounds in net assets (annual return December 2014).
About Schneider Brothers and Partners:
Formed in 1991 in Switzerland, the Schneider Boyeldieu Holding SA Investment Fund moved to London in 1999 and the name changed to SCHNEIDER BROTHERS Ltd (SB). The Investment Fund and Credit Company SCHNEIDER BROTHERS Ltd is well known for its accuracy and professionalism and offers its skills and experience in the legal, banking and financial worlds through rigorous global management and total transparency for the clients. Our shareholding project and accompanying financial assistance (Wealth & Asset Management) are spread over a diverse range of business sectors: industry, high tech, new trademarks and tailored financial strategies for the specific demands and requirements of our clients. More information can be found at http://www.schneider-brothers.co.uk.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
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