Southern Amusement Co. Inc. cancelled the acquisition of Beliss Corp.
April 28, 2019
Share
Southern Amusement Co. Inc. agreed to acquire Beliss Corp. on February 12, 2019.
Southern Amusement Co. Inc. cancelled the acquisition of Beliss Corp. on April 28, 2019. Southern Amusement Co. Inc. completed the acquisition of Beliss Corp. on February 12, 2019. By April 2019, the shares of Southern Amusement were not delivered to Beliss after requests were made by counsel. Due to undisclosed obligation on such shares which was not communicated to Beliss during the transaction. All such shares were abandoned by any interest by J.D. Brammer (the issued 5,500,000 shares), including the 2,700,000 private shares he had received from Ajay Rajendron which were also released to the control of the escrow agent and counsel for the Company. On April 28, 2019 Brammer resigned and the transaction was cancelled.
NAPC Defense, formerly Treasure & Shipwreck Recovery Inc., is engaged in the colonial era treasure shipwreck recovery business operating salvage crews on the east coast of Florida. The Company, through its wholly owned subsidiary, TSR Holdings, Inc., focuses on the recovery of sunken treasure from historic shipwrecks. The Company, through TSR Media Group, Inc. (TSR Media), develops various digital media properties. TSR Media is in the process of developing, through an outside app developer, a treasure search and salvage gaming app.