Recent trade idea announces update to major acquisition news
Published: Wed, 03/27/19
 Subscribers, Just a quick update on a recent pick, Aureus, Inc (ARSN). The Company announced news this morning, check it out... Aureus Revises Binding LOI to Acquire Yuengling's Ice Cream CorpATLANTA, GA / ACCESSWIRE / March 27, 2019 / Aureus, Inc. (OTC PINK: ARSN), a food brand development company focused on acquiring and growing well-established food brands, announced today that the Company has executed a revised Binding LOI to acquire 100% of assets of Yuengling's Ice Cream Corp vs the stock purchase that was previously announced. The definitive agreements are now drafted as an ''Asset Purchase'', once executed, all the assets of Yuengling's Ice Cream Corp will be transferred to Aureus in exchange for cash and stock, most of the cash portion of the purchase price has been advanced under terms previously detailed. The issued stock, to complete the consideration, will be restricted. The acquisition of the assets is scheduled to be completed within the next 45 days. Upon completion, Aureus management will maintain a majority of the board of directors and assume the position of executive officers of new Yuengling's Ice Cream Co., where they will assist in the day-to-day management, operations, and finances of the company. ''Through the due diligence process, it became apparent that it was in the best interest of the parties and the shareholders to change the structure of the acquisition. Although we have just executed this revised LOI, we have already drafted the definitive agreements and made substantial progress toward the final closing. We have also been working with management to grow the existing distribution footprint and build in some redundancy of critical suppliers.'' stated Everett Dickson, CEO of Aureus, Inc. ''We have enjoyed working with the team at Yuengling's. They make a fantastic product. The change of structure will allow us to more quickly grow the business and establish better brand recognition of this 65-year-old Yuengling premium ice cream.'' David Yuengling was quoted as saying ''We look forward to utilizing the consumer products experience Aureus bring to the table which helps us build our brand. We are also excited about the new product lines and flavors in development. This is going to be a big year for us.'' Read in full at https://finance.yahoo.com/news/aureus-revises-binding-loi-acquire-130000356.htmlSeeing the chart of ARSN is key, so check it out below. Mid-late January saw a volume and price explosion on ARSN, after the Company announced it had signed a Letter of Intent to acquire 100% of the issued and outstanding equity of Yuengling’s Ice Cream - Online Distributors LLC, the exclusive online purveyor of the nationally recognized Yuengling’s Ice Cream brand. ARSN went on a massive run, gaining more than 300% in less than a two weeks. It has since pulled back over the past couple of months, and appears to have found support at just below $0.01. We think that ARSN could bounce off these levels and give traders potentially significant upside in the right conditions. As I mentioned above, back in January ARSN entered into an LOI to acquire 100% of Yuengling's Ice Cream online distributors. And in mid-February, the Company announced that the Company has entered into a binding, definitive agreement to acquire 100% of Yuengling’s Ice Cream Online Distributors, LLC. As part of the acquisition, Aureus, Inc. will also receive a 33% ownership stake in Yuengling’s Ice Cream Company. Yuengling’s Ice Cream Online Distributors, LLC, (“YIC - Online Distributors LLC”), is the exclusive online purveyor of the nationally recognized Yuengling’s Ice Cream brand.
In 2014 the Yuengling's Ice Cream Corporation was successfully relaunched and, in 2018, positioned for the brands next stage of development, Yuengling’s Ice Cream + YIC - Online Distributors partnered to expand distribution of the iconic ice cream brand online and in retail channels throughout the Southeast, Midwest and Western United States. Yuengling’s Ice Cream is currently available in approximately 500 stores in Pennsylvania, New Jersey, Maryland, New York, Delaware, Texas, Illinois, Indiana, Iowa and Michigan. The Yuengling’s Ice Cream Corporation, as it’s been since 1935, and YIC- Online Distributors LLC are stand alone, separately owned and run companies from D. G. Yuengling and Sons, Inc Brewery. Earlier this month, ARSN announced that its wholly owned subsidiary YIC - Online and signature brand Yuengling’s Super Premium Ice Cream has added HyVee to its list of valued customers. HyVee’s Quincy on Broadway location will initially stock seven Yuengling’s flavors, including Black & Tan™, Butterbeer™, Peanut Butter Cup, Root Beer Float, Original Sea Salt Caramel, Cookies & Cream and our award-winning Cherry Vanilla Chunk.You can learn more about ARSN at http://www.aureusnow.com/ You can learn more about Yuengling's Ice Cream Online Distributors at https://www.yic-onlinedistributors.com/ Our Conclusion... We think ARSN could be ready to bounce big off its current support levels. It previously ran for over 200% in under 2 weeks. With its small market cap of just $1.3m, its low price, and the big news coming from the Company in recent weeks/months, ARSN could take off at any moment. Of course if it falls below current support of around $0.0095, you should be cautious. However we are bullishly optimistic on ARSN and look forward to an exciting trading day ahead. info@shiznitstocks.com Disclaimer Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. For full disclaimer click here. ShiznitStocks.com is the property of Alpha Stock Media. ShiznitStocks.com employees are not registered as an Investment Adviser in any jurisdiction whatsoever. The disclaimer is to be read and fully understood before using our site, or joining our email list. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead ShiznitStocks.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. ShiznitStocks.com does not offer such advice or analysis, and ShiznitStocks.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be "forward looking statements". Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as "projects", "foresee", "expects", "will", "anticipates", "estimates", "believes", "understands", or that by statements indicating certain actions "may", "could", or "might" occur. Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, ShiznitStocks.com has relied upon information supplied by its customers, and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, ShiznitStocks.com and its owners, affiliates, subsidiaries, officers, directors, representatives and agents have not completed any due diligence or research on the companies advertised herein and disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. ShiznitStocks.com is not responsible for any claims made by the companies advertised herein. ShiznitStocks.com may receive compensation and they, its employees and/or affiliates may own stock that they have purchased in the open market either prior, during, or after the release of the companies profile which is an inherent conflict of interest in ShiznitStocks.com statements and opinions and such statements and opinions cannot be considered independent. ShiznitStocks.com reserves the right to buy and sell shares of the profiled company on the open market before, during or after the release of the company profile. In such an event, ShiznitStocks.com will not update its disclaimer to reflect any shares bought or sold on the open market during the profile coverage. ShiznitStocks.com and its management may benefit from any increase in the share price of the profiled companies and hold the right to close positions they have entered into at any given time including before or after the release of the companies profile. Alpha Stock Media has been compensated one thousand five hundred dollars via electronic transfer from a non-affiliated third party for the profile of ARSN. ShiznitStocks.com does not accept compensation in restricted or free-trading shares for its marketing services of the company being profiled. However the third party that has compensated ShiznitStocks.com may hold free-trading shares of the company being profiled and could very well be selling shares of the company’s stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration. If ShiznitStocks.com ever does accept compensation in the form of restricted or free trading shares of the company being profiled and decides to sell these shares into the public market at any time before, during, or after the release of the companies profile our disclaimer will be updated accordingly reflecting the position of those free trading shares received as compensation for our services at the time our promotional material is released to the public, as well as information on our intention to sell these shares during the promotional period or thereafter. |