Sentaida Tire Company Limited (OTC:SDTC)

WEB NEWS

Monday, November 25, 2019

Reverse Merger Activity

FULLERTON, CA, Nov. 22, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sentaida Tire Company, Ltd. (Pink Sheets: SDTC) announced today that the company has been upgraded to OTC “Current Information” status and has also agreed in a Binding Letter of Intent to a reverse merger with GivBux Global Partners, Inc. www.givbux.com. Sentaida has completed all OTC reporting requirements, including the posting of current financials, and all relevant company information is now available on the OTC Markets/Pink Sheets website at http://www.otcmarkets.com.

More importantly, Mr. CJ Melone, President of Sentiada Tire Company, confirmed that after a series of long deliberations, the company has agreed to enter into a reverse merger agreement with GivBux Global Partners, Inc. Both parties have signed a Binding Letter of Intent and are expecting to complete the final agreement within the next few days. Upon completion of the agreement, the company will be restructured, change its name to GivBux, Inc. and apply for a new stock symbol. From that point on, all of the company’s resources and efforts will be focused on the continuation of GivBux’s current and future operations.

GivBux has pioneered a proprietary mobile Purchasing App that is available for free download for Android users at Google Play Store and for iPhone users in the App Store. The GivBux Purchasing App is much more than a typical mobile wallet. The user-friendly App allows users to store, send and receive GivBux to and from other users and use those GivBux to purchase goods and services at retail locations. However, the Purchasing App adds several additional layers of functionality that make it faster, easier and more fun to use. Advanced features include a unique rewards program that includes 100+ recognized national brands at thousands of locations, automatic built-in charitable giving and gifting, augmented reality (AR) capabilities for both merchants and users, a generous affiliate program that rewards members for sharing the platform with others, and a slate of tracking and analytic measures that merchants can use to better serve their customers. Most of these features are fully available now; more will be announced and described in detail in the near future.

In response to these announcements, Mr. Melone stated, “We are very excited about the new direction of the company, which we believe will propel us into an exciting new era of growth and stability.” 

Ken Jones, Founder of GivBux, added, “This is a very exciting time for our company. The restructuring of GivBux into a publicly traded company will allow us to continue to build on the strength of our existing resources while simultaneously accelerating our growth potential in ways that we will describe in detail very soon in future announcements.”