Indo Global Exchange(s) Pte Ltd Provides Acquisition Update

CLOVERDALE, CA / ACCESSWIRE / December 10, 2019 / Indo Global Exchange(s) Pte Ltd (OTC PINK:IGEX) is pleased to update shareholders on the company's acquisition strategy.

As previously announced, the company has entered into a Letter of Intent to acquire Sinister Labs. A rapidly growing supplements and nutritional foods company.

Recently Sinister's President, Scott James, was quoted as stating: "After receiving interest from multiple parties we are excited to have an executed LOI with IGEX. We are pleased with the progress we've made in establishing a strong foundation for IGEX and their experienced team to build upon. We look forward to working through the final details in our agreement and are hopeful to consummate the transaction in the very near future."

As the company wraps up the final purchase agreement of Sinister, IGEX intends to expand on the foundation they've built by adding a line of CBD products, tentatively referred to a "Sinister CBD". The company is already in talks with prospective brand ambassadors for the anticipated CBD launch.

With the CBD industry now generating $600 million globally, the company believes the addition of these CBD lines can expand Sinister's already impressive 2018 gross revenue of $3.2 million (net revenue of $2.4 million) and achieve a gross revenue exceeding $5 million for 2020.

To assist with the development of the CBD infused products the company has entered into an agreement with Viridian Resources. Viridian is a Northern California company specializing in product development and marketing within the hemp and CBD industry.

Viridian will be responsible for assistance with sourcing high quality, lab tested, hemp CBD and overseeing the process of designing and branding innovative CBD products while remaining loyal to Sinister's core market in the nutritional health and wellness industry.

Finally, the company will be adding additional personnel in the coming weeks that are familiar with Sinister and their industry overall. We believe this addition will help maintain a seamless cohesion during this transition period and uphold the integrity of what Sinister has built thus far.

Further updates will be forthcoming as the company continues to advance on these objectives.

Stated CEO, Jason Black: "From the moment the opportunity with Sinister presented itself, my immediate instinct was that the natural evolution for this company should be to break into the CBD market as well. I believe my familiarity with the cannabis and hemp sectors and the vision I conveyed for the company is what set us apart from other potential buyers. Sinister has established a great industry footprint and I'm confident, once we close on the acquisition, adding high quality CBD products will take this company to the next level and vastly expand opportunities for future growth and increased shareholder value."

Learn more about Sinister Labs at: sinfitnutrition.com

Learn more about Viridian Resources at: viridianco.com

Forward Looking Statements:

This press release contains forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:

Jason Black
[email protected]

SOURCE: Indo Global Exchanges Pte Ltd