SALT LAKE CITY--(BUSINESS WIRE)--Arvana Inc. (“OTC:AVNI”) today announced that it is in discussions with media billionaire Alki David to establish AVNI as a holding company focused on an exciting integration of wellness and entertainment businesses.
The plan is an amalgamation of Ai and streaming tech businesses in an ever evolving world of high tech health and wellness, that incorporates online therapeutic streaming of digital arts, sports news, and entertainment, facilitated by home e-commerce delivery and monthly at home branded subscription services offered as both digital and physical services.
AVNI is in discussions to acquire Filmon.TV Networks Inc. (“Filmon”), whose assets include an extensive film library and multi-media entertainment platform controlled by Alki David, and owned by FOTV Media Networks Inc.
The Filmon platform operates as a European based subscription service for streaming TV content, and patent pending “Nuero-Tainment” technology, developed to combine preference learning with product recommendations. Filmon also creates original content to enhance the user’s experience with live and on-demand TV programming that effortlessly integrates with SwissX Anakando Ltd.’s (“SwissX”) products and services. SwissX’s wellness products have been used by such luminaries as Tommy Chong, Keeping up with the Kardashians' Scott Disick, Donatella Versace, Dave Navarro, Ray J, Chief Keef, and Reggae legend Marlon Asher, who rerecorded his cannabis anthem “Ganja Farmer” as a tribute to SwissX.
“AVNI is the perfect platform for us to roll up dynamic companies to create our own space as an amazon of wellness with a sharper image,” said Ruairidh Campbell AVNI’s chief executive officer.
The group of companies controlled by Alki David, include the SwissX brand that owns the patents that power vape products made by leading e-cig brands such as IQOS(THS), Mark-10, NJOY, Pax Labs and Juul. SwissX is also operating in the tobacco vape sector producing all-natural nicotine extracts from tobacco grown on sustainable, cooperative farms in California, and high in the Swiss Alps. Alki David recently announced that SwissX has begun shipping its own pods and replacement parts, manufactured in ceramic and glass, citing the risks of personal injury and cancer poised by major e-cig brands that continue to use plastic parts. The new vape products and many others are available at SwissX.com
SwissX, founded by Alki David in 2016, is a leading wellness brand that has helped launch cannabis products into mainstream acceptance. Developed in Switzerland, SwissX organic CBD oils are the gold standard in the industry for purity and wellness effects. SwissX sources cannabis for many of its products from farmer cooperative programs in California and the Caribbean that are designed to assist struggling agricultural communities to develop fair trade crops that return a profit to the growers.
Arvana (“OTC:AVNI”) is a public “shell company” registered under Sections 13(a) or 15(d) of the Securities & Exchange Act of 1934, as amended (‘Exchange Act”), quoted on the OTC Current Information Pink Sheets intent on securing a business opportunity to bring value to its stockholders. Effective June 30, 2021, certain Arvana stockholders granted a controlling interest in their stock, solely for voting purposes, to Alki David as a means to induce him to cause an operating asset or business owned or controlled by him to enter into a business transaction with Arvana.
Arvana is presently engaged in finalizing a definitive agreement to acquire Filmon from its parent company as a wholly owned subsidiary and looks forward to the adventure ahead.
Arvana the moment that follows Nirvana.
A number of statements contained in this press release are forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties including general economic conditions, future market conditions, unusual catastrophic loss events, changes in capital markets, technological obsolescence, regulatory legislation and other circumstances that may cause the actual events or results to be materially different from those anticipated by forward-looking statements or future expectations. Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness or present status of such statements so in no case whatsoever will Arvana and affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. Arvana encourages the public to read the information provided here in conjunction with its most recent filings on Form 8-K and Form 10-Q. Arvana’s public filings may be viewed at www.sec.gov.
FOR THE HIGHER GOOD