Embarr Downs of California, Inc. acquired GlobalGroup Investment Holdings Inc. (OTCPK:GIHI) in a reverse merger transaction on August 15, 2013. Globalgroup Investment Holdings, Inc. issued 6 million shares of its stock to the shareholders of Embarr Downs of California, Inc. which resulted in Joseph Wade owning approximately 70% of the outstanding and issued shares of GlobalGroup Investment Holdings Inc. As part of the merger, the GlobalGroup Investment Holdings Inc. transferred the Chit Chat Mobile agreement and all other operations to Sovereign Oil in a spin off transaction. Teresa Jackson resigned as an officer of GlobalGroup Investment Holdings Inc. and Scott Owen resigned as a Director. GlobalGroup Investment Holdings Inc. will change its name to Embarr Downs Holdings. Joseph Wade was elected President and Chief Executive Officer and as the sole director of GlobalGroup Investment Holdings Inc.

Embarr Downs of California, Inc. completed the acquisition of GlobalGroup Investment Holdings Inc. (OTCPK:GIHI) in a reverse merger transaction on August 15, 2013.