The Real Hip-Hop Network, Inc. Returns Shares to B2Digital
TAMPA, FL–(Marketwired – Nov 9, 2017) – B2Digital, Incorporated (OTC PINK: BTDG) (“B2Digital”) today announced that the Company has agreed to a an arrangement under which The Real Hip-Hop Network, Inc. (“HHN”)will return Five Million (5,000,000) shares of B2Digital common stock in exchange for B2Digital’s return of its ownership stake in HHN.
As a result of the arrangement and on completion of the transaction by B2Digital’s transfer agent, B2Digital will accept and cancel the returned shares form HHN, thereby reducing the total issued and outstanding B2Digital common shares from 45,200,144 to 40,200,144, an approximately 11% increase in the common shares available for future issuance by B2Digital.
“We continue to restructure the company into a LIVE EVENT SPORTS COMPANY and we are happy we could complete the arrangement with HHN,” said Greg P. Bell, Chairman & CEO of B2Digital.
About B2Digital, Incorporated
B2Digital, Incorporated is a full service Live Event Sports Company. Since its restructuring in early 2017, the company has been led by a management team with over 30 years of global experience developing more than 20 companies in the Sports, Television, Entertainment, Digital Distribution and Banking Transaction industries. As part of its growth strategy, B2Digital intends to continue to develop and acquire assets meeting its business model with the goal of becoming a Premier Vertically Integrated LIVE Event Sports Company.
B2Digital is currently building an integrated LIVE Event Minor League for the MMA Mixed Martial Arts marketplace, through the creation and development of Minor League champions expected to graduate to MMA Major Leagues from the B2 Fighting Series. The company intends to continue to sponsor and operate LIVE Events, acquire existing MMA Promotions, and invite those champions to the B2 Fighting Series Regional and National Championship Series. Throughout this process, B2Digital expects to own all media and merchandising rights, as well as the digital distribution networks for the B2 Fighting Series.
B2Digital’s future plans beyond its initial growth strategy include the addition of Sports, Leagues, Tournaments and Special Events to its LIVE Event content. The company hopes to capitalize on its technology and business model to broaden the revenue base of the Live Events core business.
B2Digital also expects to develop and expand its B2 LIVE Event Systems and Technologies. These include Systems for Event Management, Digital Ticketing Sales, Digital Video Distribution, Digital Marketing, PPV (Pay per View), Fighter Management, Merchandise Sales, Brand Management and Financial Control Systems.
B2Digital: The LIVE Event Sports Company. www.b2digitalotc.com
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