NOHO, Inc. entered into letters of intent to acquire Essential Marketing Systems, LLC and ChoiceAdz.com, Inc.
November 13, 2016
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NOHO, Inc. (OTCPK:DRNK) entered into letters of intent to acquire Essential Marketing Systems, LLC and ChoiceAdz.com, Inc. on November 1, 2016. The acquisitions will be achieved by using the newly issued preferred shares and there will be no dilution to the existing common shareholders. The 54 billion shares of common stock exchanged by NOHO in the share exchange agreement with Media360 Licensing, Inc. on September 9, 2016, shall be retired and reissued as preferred shares on a ratio basis consistent with the share exchange agreement. The transaction is expected to close by December 15, 2016. Phillip Sugarman of Investor Relations Partners, Inc. acted as public relations advisor in the transaction. As of April 15, 2017, NOHO, Inc agreed to assume the liability of Essential Marketing Systems, worth $0.52 million.
Noho, Inc. operates through its two subsidiaries, Smog Armor Co. and Smog Armor Paint, LLC. Smog Armot Co. develops non-toxic paints to reduce indoor air pollution. The Company offers an alternative to the conventional paintings. Its products are enhanced with a natural mineral that attracts and eliminates air pollution wherever painted, thereby enabling its customers to create a non-toxic, eco-friendly, healthier surroundings and health. The Companyâs Smog Armor Breathe is a non-toxic, Zero-VOC, water-based paint, infused with its mineral, which attracts and neutralizes harmful air pollutants, and VOCS/Airborne chemicals, including carbon dioxide. The Companyâs Smog Armor Air primer interior and exterior eco-friendly, low odor, Zero-VOC is formulated with its enhanced natural minerals that attract and neutralize air pollutants and odors.
NOHO, INC. 
