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Indo Global Exchange Pte Ltd (OTCMKTS:IGEX) Stock Moves Up Again: Jumps 20% Last Week

Madison Hall , , , ,

Indo Global Exchange Pte Ltd (OTCMKTS:IGEX) announced acquisition of leading performance nutrition brand, MyoCore Sports.

The Florida-based sports Myocore Sports has domestic placement and robust international presence throughout Central America and Australia. The deal will entail Indo Global Exchanges Pte Ltd acquire MYOCORE’s intellectual properties, manufacturing as well as distribution agreements.

Myocore has been engaged in extensive research in the cannabis space, focusing on Sports Performance, complianceanalytical testing.

CEO, Leonard Armenta said that the firm’s decision to MyoCore is important as the firm has significant international business that will bring lot of value to the shareholders and allow the company to expand internationally.

Armenta, who became the firm’s CEO in 2019 December, is facilitating close working with previous management, daily communications as well as ensuring seamless transition. The company is also looking to update the OTC Markets credentials for reflecting change in control.

The firm is confident on closing Sinister Labs merger, which will become a wholly owned subsidiary of IGEX.

Paid in consideration of 400 Series B super voting shares, Armenta said that he hopes to complete the merger with Sinister Labs. The CEO added that his experience in sports nutrition and public sector can be vital in bringing value to its shareholders.

Armenta said that various opportunities will come once the first merger is finalized.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.