LITERA GROUP, INC. (OTCMKTS:LRGP) Files An 8-K Changes in Control of Registrant
Item 5.01 Changes in Control of Registrant.
On December 30, 2016, as a result of a private transaction, the
control block of voting stock of this company, represented by
10,500,000 shares of common stock (the Shares), has been
transferred from Wade Gardner to Rosenweiss Capital LLC, and a
change of control of Litera Group, Inc. (the Company) has
occurred. The consideration paid for the Shares, which represent
74% of the issued and outstanding share capital of the Company on
a fully-diluted basis, was $200,000. The source of the cash
consideration for the Shares was company funds of Rosenweiss
Capital LLC. In connection with the transaction, Mr. Gardner
released the Company from all debts owed to him.
There are no arrangements or understandings among members of both
the former and new control persons and their associates with
respect to the election of directors of the Company or other
matters. The information set forth in Item 5.02 of this Form 8-K
is incorporated by reference into this Item 5.01.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain officers;
Compensatory Arrangements of Certain Officers.
Upon the change of control of the Company, which occurred on
December 30, 2016, the existing director and officer resigned
immediately. Accordingly, Wade Gardner, serving as the sole
director and as the only officer, ceased to be the Companys
President and Principal Accounting Officer. At the effective date
of the transfer, Abraham Rosenblum assumed the role of a director
and President, Chief Executive Officer, Chief Financial Officer,
Secretary, and Treasurer of the Company. At the effective date of
the transfer, Hershel Weiss assumed the role of a director of the
Company.
Abraham Rosenblum, age 37, began his career in the automotive
industry as a distributor of wholesale parts, and eventually
moved into owning and developing real estate. Mr. Rosenblum has
worked with A rated tenants with several large corporations such
as TD Bank, Walgreens and Family Dollar. In 2007, Mr. Rosenblum
began investing in real estate along with institutional lenders.
Mr. Rosenblum was the President of a telecommunications carrier
network, Tandem Transit, which he helped form and finance for
five years. Mr. Rosenblum was educated at YTC in Brooklyn New
York. He served on the Board of Directors for several technology
companies and automotive distribution outlets. Mr. Rosenblum
remains active in several charitable organizations.
Hershel (Hershy) Weiss, age 43, is the Co-Founding Member of
First Food Group Inc. Mr. Weiss has been active in the New
Jersey, Connecticut and Massachusetts real estate market for the
last 21 years. As an employee at Basad Management LLC and as a
principal, Mr. Weiss has been involved in residential, office,
industrial and retail sectors of the market, starting in
maintenance, moving up to renovations and construction,
environmental remediation, then on to financing, including
complicated deal structures with lenders and investors and
finally acquisitions and redevelopment. Mr. Weiss actively
negotiates leases in the commercial and retail sectors and has
become very familiar with the retail food industry by working
with tenants starting out in the industry.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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99.1 |
Resignation and appointment of officer and directors. |
About LITERA GROUP, INC. (OTCMKTS:LRGP)
Litera Group, Inc. (Litera) is a development-stage company. The Company develops literary and dramatic works, such as screenplays, stage plays, comedy sketch and skit scripts, and short film scripts for theater/film production. On its clients’ request, the Company will also provide abridgment and adaptation services on any products they are interested in. It is engaged in creation and commercialization of literary and dramatic products and services. Litera intends to develop screenplays, stage plays, comedy sketch and skit scripts, short film scripts and other literary and dramatic works, as well as offer abridgment and adaptation services, within the theater and film production community. It will target independent film and theatrical producers, and small and experimental production studios that scout for entertainment material to produce and distribute. It has over three finished products available for sale, as well as approximately two projects in advanced development status.