Full Alliance has Fully Satisfying Session on Nutra Yu Sale - InvestingChannel

Full Alliance has Fully Satisfying Session on Nutra Yu Sale

To be successful sometimes, it helps to have one’s fingers in a lot of pies, to use a near-suppertime analogy.

Technology companies made their way downward Monday, for all the stars the sector produced stateside, by 0.3%.

One company which did its best to boost the fortunes of the sector was be Los Angeles-based Full Alliance Group, Inc (OTC:FAGI).

The company, with varied interests in banking and point-of-sale (POS) technology, financial services, real estate, and nutraceuticals, told investors it has renegotiated terms with its Nutra Yu subsidiary. The Company as agreed to sell back Nutra Yu’s assets, at a profit, and still maintain royalties for the next five years.

In addition, the company has announced that long-time CFO Rudy Kiste has been promoted to the role of CEO and President.

Said Kiste in the news release, “We are excited that we were able to not only sell our Nutra Yu subsidiary for a profit, but also negotiate a royalty agreement at the same time. This will not only give Full Alliance cash needed for our 2020 and 2021 strategic plans, but will also allow us to tap into the growth of Nutra Yu at the same time.”

FAGI jumped half a cent, or 33.3%, by Monday’s close to two cents, on volume of 518,000 shares.