Skip to main content

Bravo Multinational, Inc. (BRVO) Announces the Signing of a Letter of Intent to Acquire Streaming TVEE Assets to Launch TVee NOW™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Bravo Multinational, Inc. (BRVO) Announces the Signing of a Letter of Intent to Acquire Streaming TVEE Assets to Launch TVee NOW™

Bravo Multinational, Inc. (OTC: BRVO) (“Bravo”) entered a Letter of Intent (the “LOI”) to acquire certain assets of Streaming TVEE, Inc. (“STV”).
Bravo Multinational, Inc. (OTC: BRVO) (“Bravo”) entered a Letter of Intent (the “LOI”) to acquire certain assets of Streaming TVEE, Inc. (“STV”).

VIRGINIA BEACH, Va., Jan. 19, 2024 (GLOBE NEWSWIRE) — On December 20, 2023, Bravo Multinational, Inc. (OTC: BRVO) ($BRVO) (“Bravo”) entered a Letter of Intent (the “LOI”) to acquire certain assets of Streaming TVEE, Inc. (“STV”). The purchase price for the assets is $9,760,000, consisting of a convertible promissory note in the amount of $7,760,000 and an assumption of $2,000,000 in STV debt. The promissory note is convertible into the common stock of BRVO based on the December 11, 2023, closing price of BRVO common stock as traded or the OTC Market (pink sheets), which is $0.15625. The LOI is subject to normal terms of an agreement of that nature.

This transaction, if consummated, will serve as a business foundation for the Company’s planned development of a streaming service called TVee NOW™. The assets to be acquired will provide BRVO with the technology and music library streaming rights to offer content such as linear TV, often referred to as traditional broadcast TV, as well as an array of on-demand content, including but not limited to, movies, series, shows, concerts, comedy specials, events and more – all at no cost to its viewers. The parties have agreed to continue to move forward with the transaction by the preparation of a definitive agreement upon the completion of customary due diligence procedures.

To learn more about Bravo Multinational, please visit: https://bravomultinationalinc.com.

About Streaming TVEE, Inc.

Streaming TVEE, Inc. is currently Beta testing TVee NOW on the Roku application. If successful, management hopes to provide a seamless blend of traditional broadcast TV and a vast on-demand library, including movies, series, concerts, and more. Beyond entertainment, Streaming TVEE is committed to social impact through strategic partnerships with philanthropic organizations, actively contributing to community development. The company envisions a world where entertainment transcends boundaries and enriches lives, striving to redefine the digital entertainment landscape while making a positive difference in society.

About Bravo Multinational, Inc. (OTC: BRVO) ($BRVO):

Bravo Multinational, Inc. (OTC: BRVO) ($BRVO) is actively exploring opportunities in the entertainment, hospitality, and technology sectors to generate long-term value for its shareholders through high-growth business ventures. Currently focused on pioneering innovative solutions in the digital content landscape, Bravo’s goal is to provide cutting-edge and diverse content experiences to a global audience – https://bravomultinationalinc.com/

Forward-Looking Statements: 

Certain statements contained in this press release are forward-looking statements and are based on future expectations, plans, and prospects for Bravo’s business and operations and involve a number of risks and uncertainties. Bravo’s forward-looking statements in this release are made as of the date hereof and Bravo disclaims any duties to supplement, update or revise such statements on a going forward basis whether as a result of subsequent developments, change or expectations or otherwise. In connection with the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995, Bravo is identifying certain forward-looking information regarding, among other things, the Important factors that could cause further events or results to vary from those addressed in the forward-looking statements, including, without limitation, risks and uncertainties arising from the ability of Bravo to successfully manage the assets; uncertainties relating to the ability to realize the expected benefits of the business plan; unanticipated or unfavorable regulatory matters; general economic conditions in the industry in which the company operates, and other risk factors as discussed in other Bravo filings made from time to time with the United States Securities and Exchange Commission.

Contact:

Bravo Multinational, Inc.
info@bravomultinationalinc.com
757-306-6090

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/61408e76-0121-435a-8f4c-8f154b083c69

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.