NEW YORK, Oct. 24, 2013 /PRNewswire/ -- HULL Energy, Inc.,
now known as Gemini Group Global Corp. (OTC: HULL), and Fortitude
Group, Inc. (OTC: FRTD) jointly announce the completion of the
acquisition of ProCap Funding, Inc.
On October 3, 2013, HULL Energy, Inc., now known as Gemini Group
Global Corp. (G3), entered into a share exchange agreement with
Fortitude Group, Inc. whereby G3 agreed to sell its wholly owned
subsidiary ProCap Funding, Inc. Under the terms of the agreement,
G3 exchanged 100,000,000 shares of ProCap with Fortitude at a 4:1
exchange ratio, making ProCap a wholly owned subsidiary of
Fortitude. The 400,000,000 shares issued for this acquisition
were issued promulgated under Rule 145. On October 1, 2013, ProCap filed a Notice of Intent
(N-6f) with the SEC to be treated as a Business Development
Company.
"A BDC can be a great funding vehicle for smaller companies that
lack the asset base to support cash acquisitions without entering
into toxic financing arrangements. Fortitude has several
exciting projects that are in the final stages of completion. These
transactions require small amounts of funding to finish, which
ProCap can facilitate. ProCap has access to approximately
$10 million in immediate funding
capabilities and with Fortitudes investments in Big Time Auction,
Smart Workout, PRIMARQ and the soon to be announced FDA approved
medical device company, we see Fortitude as an explosive asset that
will quickly provide exponential value to its shareholders," stated
Dr. Scheer, CEO of G3.
"We have been looking for ways to complete our formally
announced investments and with the acquisition of ProCap, we can
finally complete what we started without using toxic financing,"
stated Thomas Parilla, CEO of
Fortitude Group, Inc.
Gemini Group Global Corp (OTC: HULL), formerly known as HULL
Energy, Inc., is a publicly held holding company that invests via
equity and debt in both privately held and publicly traded
companies. These investments must fit our specific investment
strategy. G3 also buys, funds or joint venture cash-flows based
projects and participates in the revenue for the duration of the
income stream.
Fortitude Group Inc. is a diversified company with investments
in multiple sectors of the economy targeting joint ventures, wholly
owned subsidiaries and/or majority/minority positions that cross
various market segments with the goal of creating a quality company
that builds intrinsic value for its shareholders.
Forward Looking Statements:
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks,
assumptions and uncertainties that could cause the Company's actual
results to differ materially from those projected in such
statements. Forward-looking statements speak only as of the date
made and are not guarantees of future performance. We undertake no
obligation to publicly revise any forward-looking statements.
CONTACT:
Gemini Group Global Corp, formerly known as HULL Energy, Inc.
Alexandre Scheer, MD
info@g3corp.net
888-531-4931
SOURCE HULL Energy, Inc.
