CARY, NC, December 21, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Small Business Development Group, Inc. (OTC: SBDG) (www.SBDGStock.com) today announced that it will assist Palayan Resources, Inc. (OTC: PLYN), a fully reporting, publicly traded, emerging growth company which recently announced that it had signed a “Memorandum of Understanding” to acquire a global FinTech company in the money transfer industry.
This company, which has asked not to be identified for the moment, is present in the global market. The transaction is subject to standard due diligence, including audited financial statements of the FinTech company.
“This transaction involves multiple parties, the common thread being C2C Business Strategies, LLC, which serves as strategic advisor to Palayan Resources,” said Roy Y. Salisbury, CEO and Chairman of the Small Business Development Group. Mr. Salisbury explains that C2C Business Strategies is the management arm of C2C Private Investment Company. C2C Business Strategies holds a majority stake in SBDG and PLYN.
“PLYN’s target acquisition company is a Singapore-based FinTech company brought to our attention by SBDG’s South East Asia office in Kuala Lumpur, Malaysia. After months of meetings with all parties, we are confident that this is an excellent transaction for all stakeholders involved, ”said Brian Jue, COO of SBDG and member of the board of administration.
“SBDG plans to roll out strategic, private-to-public, and M&A advisory services in 2022. SBDG has the knowledge and resources to support both PLYN and its target acquisition. This assistance includes: operating a compliant listed company, resources and links to sources of private equity, and access to additional acquisitions using our M&A advisory firm, Stony Hill Advisors, ”said Mr. Jue. “We believe this client will be a great example of what we can do to help other businesses, and it underscores our goal of generating revenue while finding additional asset appreciation opportunities for SBDG stakeholders.
Small Business Development Group, Inc. (OTC: SBDG) is a publicly traded holding company. SBDG has an active mandate to identify and acquire operating companies with a preference for those in the field of small and medium enterprises (SMEs and SMEs) based in North America, in particular those showing modest but predictable growth and profitability in the over time. Ideal candidates for acquisition have an enterprise value of between $ 2 million and $ 50 million with positive cash flow between $ 500,000 and $ 5 million. SBDG’s intention for all acquisitions is to assert or establish strong business fundamentals and drive revenue growth and profitability. SBDG’s goal is to develop and align portfolio companies with high performance verticals and deliver additional value to its stakeholders.
For more information visit www.SBDGStock.com
About Palayan Resources, Inc.
Palayan Resources, Inc. is an emerging growth company. The Company will focus on finding acquisition opportunities that can benefit private companies through the public status of PLYN, by acquiring income generating transactions. Based in Lady Lake, FL, contact [email protected] for more information.
About C2C Private Investment Company LLC:
Founded in 1984, C2C Private Investment Company, LLC is made up of partners with over 200 years of cumulative experience. C2C PIC partners have participated in over 100 transactions with base values ranging from $ 150,000 to $ 65,000,000.
For more information visit www.c2cpic.com
About Stony Hill Advisors:
Stony Hill Advisors LLC is a merger and acquisition advisory firm specializing in providing intermediary services to lower middle market companies and small business entrepreneurs. They have assisted clients in a wide variety of industries in New Jersey, Pennsylvania, Delaware, Ohio, Connecticut, and the New York metro area. They offer a variety of professional services including mergers, acquisitions, divestitures, exit value planning, business valuations and transaction advice. Their role is that of a trusted advisor partnering with their clients and the client’s other trusted advisors to provide confidential, qualitative and quantitative advice and achieve results.
For more information visit www.stonyhilladvisors.com
Note to investors
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Contact: Paul Knopick