ANN ARBOR, MI, Apr 05 (MARKET WIRE) —
Michigan Collegiate Partners Holdings (“MCP”) President Brad Hayosh
states the following: “We are pleased to announce that we have signed a
definitive Memorandum of Understanding with Kinti Mining (PINKSHEETS:
KMLD). MCP and Kinti will merge with MCP contributing $50,000,000 worth
of real estate holdings to KMLD. At the closing of the transaction, Brad
Hayosh will assume the role of President and CEO of Kinti and current
Kinti President Richard Byrd will resign. The transaction will initiate
with the contribution of MCP’s interest in a 350 unit apartment complex
in Lansing, Michigan valued at approximately $10,000,000 with additional
assets to be brought into the company over the next 6 months. A good
portion of our portfolio is managed by Arch Realty with details of the
properties available at www.archrealtyco.com. We anticipate a closing
date within a month.”
Kinti Mining’s President Richard Byrd states the following, “Majority
shareholder Frank Love and I are pleased to announce this deal that will
add immediate revenues and profits for Kinti shareholders. We believe
that this transaction will greatly benefit current and future
shareholders as Kinti transitions itself into a substantial real estate
holding and investment company with interests in several different
business lines.”
Contact: Michigan Collegiate Partners Holdings
Bradley J. Hayosh, President
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