News

August 7, 2018

Full Alliance Group Announces Letter-of-Intent to Acquire New York Based FINRA and SIPC Member Investment Banking Firm

LOS ANGELES, Aug. 07, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Full Alliance Group, Inc. (OTCPK: FAGI), a holding company, today announced that the Company has entered into a non-binding Letter-of-Intent (the “LOI”) to acquire a 100% interest in a New York based investment banking company (the “IBC”). Upon completion of the proposed acquisition, IBC would become a wholly-owned subsidiary of the Company.

In consideration for the proposed purchase of IBC, the LOI calls for the Company to issue 300,000,000 newly issued shares of restricted FAGI common stock to current shareholders of IBC. In addition, the LOI stipulates that i.) FAGI shall have extinguished all outstanding convertible notes, ii.) the conversion of $750,000 of Preferred Shares of the Company into an aggregate of 20,000,000 common shares with certain anti-dilution protections, iii.) the surrender to treasury of $250,000 Preferred shares of the Company, iv.) and FAGI shall complete a private placement of a minimum of $500,000 of restricted common shares.

Following the closing of the proposed transaction, IBC would assume or assign all executive control positions of FAGI except for the CFO and VP of Business Development for Latin America positions. IBC will also appoint and nominate a majority of the members to the board of directors. IBC’s five most experienced registered representatives have a combined 100+ years in the financial services industry.

Rudy Kiste, Chief Financial Officer of Full Alliance Group, commented, “We are very pleased to have entered into this initial agreement to potentially acquire an established FINRA and SPIC member investment banking firm. We envision that the combined companies will continue their individual growth strategies and also leverage their combined strengths to achieve new goals in the financial services and fintech sectors.”

The combined company is expected to continue to pursue the Full Alliance acquisitions and development of MyPay, Kelevra Digital Solutions, SA.de C.V., GBE Grupo Empresarial de Tamaulipas SAPI de CV. The acquisition of Grupo Richard is expected to be terminated, as is the previously announced plan to issue a stock dividend to FAGI shareholders.

Closing of the proposed transaction is subject to several customary terms and conditions such as, but not limited to, the satisfactory completion of further due diligence, finalization of a mutually acceptable definitive Stock Purchase Agreement (“SPA”) and expected regulatory notifications and or approvals.

The Company anticipates releasing additional information regarding this proposed acquisition, including the name and details of the target company IBC, as the due diligence and SPA finalization process moves forward.

Contact: InvestorRelations@FullAlliance.com

About Full Alliance Group Inc.

Full Alliance Group Inc. (OTCPK: FAGI) is a multi-faceted holding company with varied interests in banking and point-of-sale (POS) technology, financial services, real estate, and nutraceuticals. Full Alliance Group provides investment capital, modern business practices, and best-in-class management to assist growing companies to reach their greatest potential.

FORWARD-LOOKING STATEMENTS

This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: “expect”, “goals”, “could”, “plans”, “believe”, “continue”, “may”, “will” and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.

May 31, 2018

Full Alliance Group, Inc. (OTC PINK: FAGI) (“Full Alliance Group” or “FAGI”), is today pleased to announce that its continued effort to expand operations of its subsidiaries MY PAY and Kelevra Digital Solutions SA de CV (“Kelevra Digital Solutions”), again met with Visa and Finnovista representatives last week in Costa Rica and had additional discussions in Mexico City as part of Visa’s Everywhere Initiative.

May 31, 2018 — Los Angeles, Ca — ACCESSWIRE

Full Alliance Group executives met with Visa and Finnovista representatives to further discuss potential collaboration for the initiative. Mr. Rudy Kiste, COO/CFO, and Mr. Galván Lopez, Vice President of Business Development for Latin America, represented FAGI. MY PAY removes obstacles to financial services currently faced by the majority of the population in Latin America. The MY PAY platform provides competitive technology tools to underserved markets including the unbanked and small businesses like grocery stores, drug stores, hardware stores, etc.

The Company believes MY PAY and Kelevra Digital Solutions are positioned to grow significantly within the domestic Mexican financial services and FinTech markets. This will allow the Company to leverage international opportunities throughout Latin America as well as benefit from synergies with other Full Alliance Group companies.

MY PAY and Kelevra Digital Solutions enables financial services and payments innovation within the domestic Mexican financial services and FinTech markets and allows the companies to leverage international opportunities throughout Latin America. Working with a variety of banks, regional businesses and financial entities, including PROSA, one of the largest payment processors in Latin America, In Mexico, 100% of domestic debit, credit, and prepaid transactions are processed locally, with PROSA handling a majority of the transaction volume.

MY PAY will use its own technology and applications to provide a range of services to banked and unbanked individuals and small businesses. The combined proficiencies of both companies, along with their reach, can accelerate the development and diversity of Latin America’s payments ecosystem and a hint of what is possible in the future.

This model, integrated by MY PAY’s platform, also gives businesses greater operational agility and scalability in a fast-growing and digitally-driven category and aligns with Visa’s overall objective to move businesses and consumers from cash to digital forms of payment. Full Alliance Group is participating in additional meetings the next few weeks and anticipates making several further announcements regarding the Visa Everywhere Initiative as the process moves forward to solving payment and commerce challenges, enhancing product offerings, and providing visionary solutions for Visa’s partner network. Separately, FAGI executives continue working on the due diligence of all subsidiaries, technology, and real estate holdings associated with Grupo Richard assets requiring the extension of the due diligence period.

Sincerely,

Jacob Thomas
Chairman / CEO
InvestorRelations@FullAlliance.com

May 24, 2018

Full Alliance Group (OTCPK:FAGI) Board of Directors Votes to Approve Dividend

May 24, 2018 — Los Angeles, Ca — ACCESSWIRE

LOS ANGELES, CA / ACCESSWIRE / May 24, 2018 / The Board of Directors of Full Alliance Group, Inc. (OTC PINK: FAGI) (“Full Alliance Group” or “FAGI”), is today pleased to announce its Board of Directors has voted unanimously to approve the declaration of a special dividend in the form of common stock of FAGI, to the holders of FAGI’s common stock as at June 15, 2018 (“Record Date”) – or – The record date will be 10 days following a final determination by FINRA.

The holder of each 10 shares of FAGI’s common stock on the Record Date will receive one share of common stock in FAGI. Full Alliance is in the process of filing with the Financial Industry Regulatory Authority (“FINRA”) of the occurrence of this corporate action (the “Dividend”), under which the Dividend will be distributed (“Distribution date”) to be announced following FINRA’s review and approval.

The Board of Directors has taken this step because it believes it is in the best interests of FAGI shareholders, is necessary to protect stockholders interests and would unlock significant stockholder value.

Sincerely,

Jacob Thomas
Chairman / CEO
Contact: InvestorRelations@FullAlliance.com

May 10, 2018

Full Alliance Group  Participates in Visa’s Everywhere Initiative Program: Financial Services Initiative to Solve Payment and Commerce Challenges

May 10, 2018 — Los Angeles, Ca — ACCESSWIRE via COMTEX

Full Alliance Group is  pleased to announce, that in a continued effort to expand operations of its newly-acquired subsidiaries MY PAY and Kelevra Digital Solutions SA de CV (“Kelevra Digital Solutions”), it has met with Visa and Finnovista representatives this week in Mexico City as part of Visa’s Everywhere Initiative.

Visa is aggressively targeting Latin America and the Caribbean for service offering expansion and is meeting with select financial services provider start-ups. Desired financial services targets are capable of meeting diverse local market needs by transforming payment services and commerce in the region. Visa’s Everywhere Initiative is a global innovation program that tasks start-ups like MY PAY with solving payment and commerce challenges, enhancing their product offerings, and providing visionary solutions for Visa’s partner network.

Full Alliance executives met with Visa and Finnovista representatives to discuss potential collaboration for the initiative. Mr. Galvan Lopez, Vice President of Business Development for Latin America, represented Full Alliance Group. Mr. Galvan Lopez is the architect behind MY PAY, our innovative POS Banking and Financial Service, Smartphone banking, and bill payment solution. MY PAY removes obstacles to financial services currently faced by the majority of the population in Latin America. The MY PAY platform provides competitive technology tools to underserved markets including the unbanked and small businesses like grocery stores, drug stores, hardware stores, etc.

The Company believes MY PAY and Kelevra Digital Solutions are positioned to grow significantly within the domestic Mexican financial services and FinTech markets. This will allow the Company to leverage international opportunities as well as benefit from synergies with other Full Alliance Group companies.

The Full Alliance Group is excited to participate in additional meetings over the next few weeks and anticipates making further announcements regarding “Visa’s Everywhere Initiative” program as the process moves forward.

Sincerely,
Jacob Thomas
Chairman / CEO

May 8, 2018

Full Alliance Group, Inc. Announces Alberto Galván Lopez as VP of Business Development for Latin America

May 08, 2018 — Los Angeles, Ca — ACCESSWIRE via COMTEX

Mr. Galván Lopez brings extensive Fintech and executive banking expertise implementing point-of-sale (POS) and electronic payment systems, banking operations, fraud prevention and investigations, information security. He is well-known in the Latin American finance community as an accomplished financial and banking expert through his experience with companies such as Santander Bank, Citi-Banamex, Invex Bank, ABC Capital and Banco Azteca.

Mr. Galván has served as the Subdirector on Payment Methods and Electronic Banking Board with the Association of Mexico Banks (ABM) where he was responsible for negotiating and coordinating directives from the Central Bank of Mexico with 45 member banks and other governmental bodies. Alberto was also responsible for the development and implementation of multiple, traditional web based and mobile platforms as well as electronic payment methods from user interfaces to back-end infrastructure. Mr. Galván’s technical expertise and delivery results within Latin American communities combined with his knowledge of Mexican trends provide an excellent foundation to create and deliver an effective strategic expansion plan.

Mr Galván Lopez is the architect behind MYPAY. It was created as an innovative POS Banking and Financial Service, smartphone banking and bill payment solution that removes obstacles to financial services currently faced by the majority of the population in LATAM. The MYPAY platform provides competitive technology tools to underserved markets including the unbanked and small businesses like grocery stores, drug stores, hardware stores, etc.

Mr. Galván Lopez provides an ideal fit with Full Alliance’s leadership needs in the finance, technology, and banking sectors given our recent acquisitions.

Sincerely,
Jacob Thomas
Chairman / CEO

May 3, 2018

Full Alliance Group, Inc.  Announces the Acquisition of MY PAY Banking Technology Services

May 3, 2018 — Los Angeles, Ca — GLOBE NEWSWIRE via COMTEX

The brainchild of Alberto Galvan Lopez, founder of Comercio On, MY PAY is an upgraded version of the Comercio On platform. It is an innovative POS Banking Financial Services, smartphone banking and bill payment solutions.

The MY PAY model provides competitive technology tools for the unbanked, small businesses like grocery stores, drug stores, hardware stores, etc. The holding company has currently identified Mexico as its initial market.

MY PAY provides many banking solutions for both small businesses and retail clients. These services include, but are not limited to:

POS Banking Financial Services Money transfers eWallet and online payments for utilities, water, electricity, telephone, prepaid cell phones and other services Non-depository Banking Smartphone banking & bill paying Bank account creation and servicing:

Up to $250 without documentation Up to $800 with limited documentation More than $800 requires documentation

FAGI management feels this platform represents a tremendous opportunity when employed in lockstep with its other newly-acquired, and future targeted assets.

FAGI is quickly moving forward with a new strategic partnership to increase shareholder value and feel very optimistic the company will continue to achieve acquisition milestones throughout 2018 and beyond.

Sincerely,
Jacob Thomas
Chairman / CEO

May 1, 2018

Full Alliance Group, Inc. to Acquire Custom Hard Money Lender GBE Grupo Empresarial de Tamaulipas SAPI de CV

May 1, 2018 — Los Angeles, Ca — ACCESSWIRE

FAGI’s interest in the acquisition of GBE comes from the fact GBE holds a “Mexican Federal banking license.” This active license can allow GBE to provide funding to individuals or businesses. With a potential client list including many small to large-size companies seeking funding alternatives, in an environment where traditional banks in Mexico can typically charge interest rates up to 60%, this acquisition can be very lucrative for Full Alliance Group and its shareholders.

The acquisition of GBE with their currently held and active, “Federal Banking License” can not only provide funding for Full Alliance Group and its subsidiaries to further accelerate their growth through expansion and new business developments, but it allows the opportunity for brick and mortar banking branches to be opened throughout Latin America.

The Full Alliance Group’s board of directors believes this can position GBE to grow significantly within the Mexican financial services and FinTech market, take advantage of potentially lucrative projects by leveraging international opportunities in Mexico, and benefit from synergies with other Full Alliance Group companies.

(FinTech is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of “Fintech”)

This acquisition is subject to customary conditions such as satisfactory completion of due diligence and regulatory approvals.

Full Alliance Group anticipates making several further announcements regarding the GBE acquisition as the due diligence process moves forward.

Sincerely,
Jacob Thomas
Chairman / CEO

April 12, 2018

Full Alliance Group, Inc. Highlights Expansion Opportunities Following Deal to Acquire Custom Software Developer Kelevra Digital Solutions

April 12, 2018 — Los Angeles, Ca — ACCESSWIRE via COMTEX

Kelevra provides unparalleled custom software development, web development, and mobile application development to a rapidly growing client list including many small to mid-size companies, and two Mexican subsidiaries of multi-national Fortune Global 500 ranked companies in the automotive and professional services industries. The company currently has over 15 individual software development projects underway for clients.

Based in central Mexico City, over the last two years Kelevra has successfully expanded from start-up to a complete development team of eight senior core programmers and a complement of up to 30 contract programmers. During each of the last two years, Kelevra has organically doubled its revenues over the previous year without formal marketing. Kelevra is projecting similar growth in 2018, potentially matching last year’s revenue in only four months following the acquisition

The Company anticipates providing Kelevra with access to additional funding to further accelerate their growth through expansion and development of the programming force, new marketing and business development initiatives, strategic partnerships, and the potential opening of satellite offices in various international markets. The Company believes this will position Kelevra to grow significantly within the domestic Mexican software market and take advantage of potentially lucrative international opportunities by leveraging the relatively low-cost to operate a world-class team in Mexico City.

Full Alliance Group recently entered into an agreement to acquire up to 99% of Kelevra, including substantially all operations, technologies, and intellectual properties, in exchange for a combination of cash and stock. Upon completion of the proposed acquisition, Kelevra will operate as a subsidiary of the Full Alliance Group. The proposed acquisition is subject to customary conditions such as satisfactory completion of due diligence and regulatory approvals expected to take 60 days or less.

Full Alliance Group anticipates making several further announcements regarding the Kelevra acquisition as the due diligence process moves forward.

Sincerely,

Jacob Thomas
Chairman / CEO

April 5, 2018

Full Alliance Group, Inc. Enters Agreement to Acquire Mexican Fintech and Custom Software Developer Kelevra Digital Solutions, S.A. de C.V.

April 05, 2018 — Los Angeles, CA — ACCESSWIRE

Kelevra’s management team and experienced programmers/developers have conducted extensive operations within Mexico and have completed numerous custom software development projects for a diverse and growing client list which includes several multi-national corporations.

Full Alliance Group executives are very excited about the acquisition of these valuable assets, their growth potential, and their considerable synergies with other Full Alliance Group companies, particularly Kelevra’s experience and success within the financial technologies (fintech) sector.

Under terms of the Agreement, Full Alliance Group may acquire up to 99% of Kelevra, including substantially all operations, technologies, and intellectual properties, in exchange for a combination of cash and stock. Upon completion of the proposed acquisition, Kelevra will operate as a subsidiary of the Company. The proposed acquisition is subject to customary conditions such as satisfactory completion of due diligence and regulatory approvals expected to take 60 days or less.

Full Alliance Group anticipates making several further announcements regarding the Kelevra acquisition as the current due diligence process moves forward.

Sincerely,

Jacob Thomas
Chairman / CEO

January 10, 2018

Full Alliance Group Inc. (OTCPK: FAGI) Releases A Letter from Ramon Richard, CEO of Grupo Richard.

Los Angeles, CA — January 10, 2018 — InvestorsHub NewsWire

With the objective of making the collection and payment of taxes more efficient, transparent and expedited for its citizens, On Comercio CEO, Ramon Richard states: “On Comercio will begin a pilot program in the Mexican state of Sinaloa in 2018 with a subsequent rollout to other states.” The first phase of transactions to be processed via the On Comercio platform includes motor vehicle related transactions, drivers licenses, registration related charges, letters of no criminal records, birth certificates, and property taxes, etc.

On Comercio is facilitating payments via its mobile and agile platforms and will be available in government offices and other conveniently located establishments to maximize the number of people who can take advantage of On Comercio’s services. All transactions processed via the On Comercio platform are cost free to users.

In addition, On Comercio management is already in negotiations with other states and municipalities to be incorporated as a platform to handle the collections and payments of other various government agencies and services such as water, gas, electricity, and the recharge of cell phone minutes. Mexico’s population was over 123 million in 2017, making it the 11th most populous nation in the world. Mexico also has the world’s largest Spanish-speaking population, and is the second most populous nation in Latin America.

 

Sincerely,
Ramon Richard
CEO / Grupo Richard

Dec 4, 2017

Full Alliance Group, Inc. (OTC: FAGI), Announces Retirement of the Majority of Company Debt.

LOS ANGELES, Dec. 04, 2017 (GLOBE NEWSWIRE) — Full Alliance Group, Inc. (FAGI), a holding company, is pleased to announce it has formally retired 59% of company debt.

This was done by converting $1M of convertible notes into restricted, preferred shares.

Full Alliance management believes this decision creates a more desirable market environment for shareholders.

Sincerely,
Jacob Thomas
Chairman of the Board / CEO

ABOUT FULL ALLIANCE GROUP

Full Alliance Group Inc. is a multi-faceted company with current diverse investments in the United States and Mexico, focusing on multiple industries. Including but not limited to retail construction, retail sales, wholesale distribution, banking, mining, agriculture, cigarette distribution, CBD based nutraceuticals, health products and consumer packaged goods. The company’s strategy is to grow using acquisitions in the United States, Mexico and Latin-American markets; providing investment capital, best practices and best in class management to grow these companies to their potential.

FORWARD-LOOKING STATEMENTS

This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: “expect”, “goals”, “could”, “plans”, “believe”, “continue”, “may”, “will” and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins.

These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.

Nov 28, 2017

Full Alliance Group, Inc. (OTCPK: FAGI), Announces Acquisition of
Grupo Richard