TORONTO, ON–(Marketwired – October 07, 2016) – Bravo Multinational Incorporated (OTCQB: BRVO) reports on the signing of a “Letter of Intent” for the purchase of the “Operational Rights” to TWO (2) land based Gaming and Betting Licenses (‘Gaming’).
The final closing documentation for this transaction should be submitted very quickly as these two licenses are already in place in two communities in San Salvador. These licenses are very rare and unique, and almost impossible to acquire without significant political connections.
Paul Parliament, CEO, states, “Bravo’s management is excited to move forward with this long anticipated business venture in San Salvador, El Salvador.”
The Company’s intent is to license these “Operational Rights” to new franchise style ‘Gaming’ operations, for which Bravo would receive monthly royalty style revenues. A further update regarding the first 2 intended ‘Gaming’ locations will be provided once the closing is finalized.
Management believes this new business foothold in El Salvador should lead to many future business transactions.
About Bravo Multinational Incorporated:
Bravo Multinational Incorporated (OTCQB: BRVO) is a diversified Company, with its main focus on the development and expansion of the Casino Gaming Equipment holdings and Gaming related business activities throughout Central and South America. Bravo’s growth strategy, driven by partnerships, acquisitions, and new ventures should result in financially viable and profitable corporate divisions.
For further information about Bravo Multinational Incorporated, please contact, Michael Sullivan, RedChip Companies Inc., 407-644-4256 ext.115, Michael@redchip.com, www.redchip.com and www.bravomultinational.com
Bravo Multinational Incorporated cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.
RedChip Companies Inc.