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NEW YORK, NY, November 05, 2019 /24-7PressRelease/ -- KYN Capital Group, Inc. (OTC KYNC) The company is executing a plan of corporate restructuring and has begun working with an auditor to become fully audited and fully compliant with SEC filings.
In addition, the Company has begun the process of identifying a platform acquisitions to enter the trucking industry.
CEO Phil Sands said: "The restructuring of the company is vital to creating value for all stakeholders and becoming fully compliant is the first step in that direction. We have divested ourselves of our non-performing subsidiaries and are starting with a clean slate operationally, and we have plans to create something special here."
Jonathan Cross, Shefford Capital Partners Managing Director, the company's advisors, said: "For KYN, we have identified the trucking industry as one that can be consolidated from the bottom; where we can acquire companies with $2.5M to $10M in revenues; executing a buy-and-build to create a substantial company. KYN's management is diligently working on preparing the company to accommodate a significant equity infusion and the businesses that will be acquired with that capital."
About KYN Capital Group, Inc.
KYN Capital Group, Inc. is a company that is currently in the process of restructuring and executing a buy-and-build strategy in the trucking industry.
About Shefford Capital Partners, LLC.
Shefford Capital Partners, LLC. is a New York based Private Equity Firm that works with, and invests in, small and lower middle market businesses to enable them to execute mergers and acquisitions & strategies.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. KYN Capital disclaims any obligation to update any forward-looking statement made herein.
Phil Sands, CEO
KYN Capital Group, Inc.
535 Fifth Avenue, 4th Floor
New York, NY 10017
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