Soul and Vibe Interactive announces completion of acquisition of Soul and Vibe Entertainment
Feb 08, 2013 (M2 EQUITYBITES via COMTEX) --
Soul and Vibe Interactive Inc (OTCQB: SOUL), a video and computer games company, announced on Thursday the completion of acquisition of Soul and Vibe Entertainment Inc.
With the completion of this acquisition, Peter Anthony Chiodo (Tony), the CEO and founder of Soul and Vibe Entertainment, has assumed the position of CEO and president of Soul and Vibe Interactive. Also, the company's former CEO, President and CFO, Pauline Carson, has transitioned to vice president.
As a result of this transaction, now Soul and Vibe Interactive has 109 million shares outstanding.
Reportedly, Soul and Vibe Entertainment has several strategic and valuable contractual agreements which include a license agreement with General Mills and game development and publishing agreements for the PlayStation 3 computer entertainment system and PlayStation Vita (PS Vita) from Sony Computer Entertainment America and the Xbox 360 video game and entertainment system, Windows 8, Windows Live and Windows Phone from Microsoft.
In addition to Windows Phone, Soul and Vibe Interactive will also develop and publish games for mobile platforms such as Apple iOS (iPhone, iPad, and iPod touch) and Android.
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