PEMBROKE, Fla., Nov. 6, 2015 (SEND2PRESS NEWSWIRE) -- Sunshine Capital, Inc. (Pinksheets-SCNP) today announced that controlling interest of its publicly traded common shares has been acquired by newly formed Delaware company, DIB Funding, Inc., which has ownership of the forthcoming diversified media company, Widjits, Inc. It is anticipated that Widjits Inc. will become its own publicly traded company and possible dividend shares will be issued to existing shareholders of Sunshine Capital, Inc. as of a future dividend date.
The current Board of Directors and Company management have tendered their resignations and current President and CEO, Mr. James Bartel, will stay on with the company as a board member. Mr. Bartel established the company as Sunshine Capital, Inc. in 1988. Mr. Bartel has made sure this deal would benefit his shareholders in that no reverse split would occur in this transaction.
The Widjits brand will be developed alongside strategic lines, beginning with a cartoon strip and then leveraging its properties in nine key areas: social media, publishing, advertising, animation, video, web services, retail, apps and gaming. Three-dimensional (3D) development will begin as soon as possible. Widjits will principally target the youth markets and position itself in the mobile space as well as on PCs.
The main goal of Sunshine Capital, Inc. will be to build shareholders' value. In the coming months shareholders can expect to see a vast array of changes, including additions to the management team, new Board of Directors' members and the implementation of a new business plan. The company believes that a dramatic change will come to both the revenue and bottom line of the company through strategic mergers and acquisitions.
The execution of the business plan will include Sunshine Capital, Inc. becoming a holding company for a diverse group of profitable private companies. The company believes that within one year it will acquire a large enough company with audited financials that will allow Sunshine Capital, Inc. to obtain a listing on a higher exchange such as the American Stock Exchange or NASDAQ.
Due to dramatic changes that are about to occur to Sunshine Capital, Inc. the company will be updating its information on OTCMarkets.com website and its new corporate website once some of these changes have taken place. The company will announce shortly who will be chosen to lead Sunshine Capital, Inc. as its President and CEO. The company is currently in final negotiations with an expert in mergers and acquisitions who has a stellar track record with public companies.
The current corporate headquarters in Nevada will change immediately to: 15800 Pines Blvd., Suite 3061, Pembroke Pines, FL 33027. The company's new corporate phone number will also change to (561) 877-1747. The company's current Nevada office will continue to operate its security consulting business.
Forward-Looking Statements:
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of source of capital or which express the company's expectations for future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of factors previously listed, as well as other factors beyond control of company, actual results may differ materially from expectations expressed in forward-looking statements.
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NEWS SOURCE Sunshine Capital Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.