Alpha Network Alliance Ventures Inc. (OTCMKTS:ANAV) Files An 8-K Changes in Control of Registrant
Item 5.01 Changes in Control of Registrant
The information disclosed in Item 5.02 of this Current Report on
Form 8-K is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On April 25, 2017 Alpha Network Alliance Ventures Inc. (the
Company) announced that Dato Ronie Tan has been appointed to the
Companys board of directors, which will now consist of two
persons, including Mr. Tan and Eleazar Rivera.
Mr. Tan, age 55, served as Managing Director Vice President of
South Asia for Isagenix Worldwide LCC from 2012 to 2016. From
2001 to 2010, Mr. Tan served as Managing Director Vice President
of Herbalife International. Mr. Tan received his Ph.D. in
Business Administration from Golden State University in
California.
In connection with Mr. Tans appointment as a director, Eleazar
Rivera, the Companys President and Chief Executive Officer and a
director, offered and sold 51,418,000 shares of common stock of
the Company to Mr. Tan for a purchase price of $0.01 per share,
for an aggregate purchase price of $514,180. Such 51,418,000
shares of common stock amounts to 45.3% of the issued and
outstanding shares of common stock of the Company. Such offer and
sale was made by Mr. Rivera in reliance on the exclusion form
Registration afforded by Rule 903(b)(3) of Regulation S,
promulgated to the Securities Act of 1933, as amended.
There are no family relationships between Mr. Tan and any
director, executive officer or person nominated or chosen by the
Company to become a director or executive officer of the Company
within the meaning of Item 401(d) of Regulation S-K under the
U.S. Securities Act of 1933 (Regulation S-K). Since the beginning
of the Companys last fiscal year, the Company has not engaged in
any transaction in which Mr. Tan had a direct or indirect
material interest within the meaning of Item 404(a) of Regulation
S-K.
Item7.01Regulation FD Disclosure.
On April 27, 2017, the Company issued a press release announcing
that Mr. Tan had joined the Companys board of directors. A copy
of the press release is attached hereto as Exhibit99.1 and is
incorporated herein by reference.
The information contained in this Item 7.01, and in Exhibits
99.1, referenced herein is being furnished and shall not be
deemed filed for the purposes of Section 18 of the Securities
Exchange Act or incorporated by reference in any filing under the
Securities Act, unless the Company expressly so incorporates such
information by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits:
| Exhibit | Description | |
| 99.1 | Press Release, dated April 27, 2017 |
About Alpha Network Alliance Ventures Inc. (OTCMKTS:ANAV)
Alpha Network Alliance Ventures Inc. is a development-stage company. The Company is focused on building and operating a social networking software application and other Internet driven applications. The Company builds Social Network Marketing tools that enable buyers, sellers, users to connect, share, discover and communicate with each other. The software application also allows its users to post reviews and share shopping and fashion tips and opinions or to integrate their third party Websites or shopping store sites. It also offers products that enable companies, advertisers and marketers to engage with its users using a Social Network Marketing campaign and Social Medial Marketing campaign platform to improve the sales and membership for every affiliate who wants to participate. The Company’s Website enables overseas workers from the Philippines and others who share or are interested in their lifestyle to chat, post pictures and videos, share experiences and make voice calls. Alpha Network Alliance Ventures Inc. (OTCMKTS:ANAV) Recent Trading Information
Alpha Network Alliance Ventures Inc. (OTCMKTS:ANAV) closed its last trading session down -0.0200 at 0.0800 with 36,667 shares trading hands.