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STI Holdings acquires Link Bit Consulting22 May 2012SALT LAKE CITY --(PRESS RELEASE) -- STI Holdings, a Nevada corporation, and Link Bit Consulting, a Japanese corporation, have completed a definite Agreement and Plan of Reorganization whereby STI has acquired 100 percent of the issued and outstanding Link Bit shares for 25,000,000 common STIG shares. The acquisition was completed on May 12, 2012, and STIG will maintain Link Bit as a wholly owned subsidiary. In accordance with the terms of the Merger, all current officers and directors of the company resigned, and Mr. Shuya Watanabe was appointed as Chairman and Chief Executive Officer. Mr. Shuya Watanabe has been in the entertainment industry for the past 20 years. Other new officers and directors appointed are: Mr. Takashi Ozawa, President, COO, Director Mr. Yoichi Onishi, Sec./Trea., CFO, Director Mr. Motonori Okai, Director Mr. Hideaki Takahashi, Director Mr. Akira Tanabe, Director Located in Tokyo, Japan, Link Bit is engaged in the business of transmitting and providing horse racing information via various media, as well as a website. Link Bit publishes Umajin (a horse racing magazine), which is in its 14th year of production. Link Bit has produced several books and overseen the production and management of TV shows and events in the horse racing and sports industry. The company plans on changing its name to Grand Perfecta in the near future. |