NEW YORK, March 09, 2018 (GLOBE NEWSWIRE) -- White Smile Global, Inc. (OTC Pink:WSML) (“WSML” or the “Company”) is pleased to update its shareholders that there has been a change of control of the Company.
Palewater Global Management Inc. Founder, Mandla J. Gwadiso, stated, “As one may suspect there are several things going on with White Smile Global, Inc. First and foremost, there has been a change of control to Palewater Global Management Inc., a wholly owned subsidiary of Brooklyn Throne Inc. Additionally, as of yesterday I am please to announce that I have turned the reigns over to Mr. Egerton Forster and would like to welcome him as the incoming CEO and Chairman of the Board.”
The Company is in the process of auditing the past years financial statements and intends to file the Form 10 registration statement just as soon as possible with the Securities and Exchange Commission, becoming a full SEC reporting blank check company with the full purpose of acquiring an operational international company yet to be determined.
White Smile Global, Inc. officially is in the process of changing the name to Williamsville Sears Management Inc. and moving the state of domicile from Nevada to Florida. Final documents are being filed in Nevada to close that corporation and the Florida Corporation has been established under the new name. This is needed to strategically align with the new management and control partners moving forward. The Company has notified FINRA of the proposed changes and are awaiting approval.
Egerton Forster, Incoming CEO and Chairman, stated, “I am extremely excited to take the reigns from MJ. This is a team effort and he has served the company well during the change of control stage and now it is my turn to bring an international acquisition to the Company that will be of great value for all its shareholders. The final target has not been determined yet, however there are several targets that are presently in the due diligence phase. A final decision is to be made in the very near future.”
“At this time, I do not see the need for any type of recapitalization or restructuring of the common shares. I am also hoping that FINRA will approve the change of name without requiring a change of symbols. WSML works just fine for our plans,” Forster concluded.
About Palewater Global Management Inc.
Founded in 2017, by Mandla J. Gwadiso, Palewater is growing to be one of the respected conglomerates in the world. With the founder’s entrepreneurial drive and the passion to take on opportunities that are usually overlooked by major players and his ability to find projects that are transformational in nature, Palewater is swiftly becoming a brand name to reckon with. The parent organization to over 25 subsidiary structures, Palewater is a significant privately held holding and management firm with an ever increasing global footprint and client base. Among its portfolio of clients are legions of government, publicly quoted and privately held companies all around the world, US, Asia, Europe and Africa. Palewater has businesses covering financial services, resources and energy, manufacturing, engineering contracting, oil & gas, biotech and real estate as well as others. While industries evolve, and the markets are volatile, Palewater seeks to keep at the edge of every market evolution and our businesses will continue to sustain longer than those of our competitors. Core to its success plan is the constant pursuit of three fundamental goals: to strive to be in the forefront of the industries in which it operates, to uphold strong corporate governance processes and to make the company a home to all its employees and give them every reason to be here. Predominantly, the guiding principle will always be: to create long-term value for all of its shareholders. http://www.palewaterglobal.com
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.