MERCARI COMMUNICATIONS GROUP, LTD. (OTCMKTS:MCAR) Files An 8-K Other Events

Item 8.01. Other Events

Algodon Wines Luxury Development Group, Inc. (Algodon) holds at
least 43,822,001 shares of common stock of Mercari Communications
Group, Ltd. (the Company), amounting to approximately 96.5% of
the issued and outstanding shares of common stock of the Company.

On December 20, 2016, Algodon Wines Luxury Development Group,
Inc. (Algodon), and China Concentric Capital Group, Inc.
(Purchaser) entered into a Stock Purchase Agreement by which
Algodon will sell all 43,822,001 shares of the Companys common
stock that Algodon owns, in addition to any additional shares
Algodon may currently own, to the Purchaser for $260,000 (the
Purchase Price). Algodon will assign to the Purchaser at the
closing contemplated by the Stock Purchase Agreement all its
right, title and interest to amounts payable to Algodon for
non-interest bearing advances to the Company, which advances, as
of August 31, 2016 were in the aggregate amount of $131,487 and
as of November 30, 2016 were in the aggregate amount of $145,087,
and such any additional advances that may be made to the Company
up until the closing date as set forth in the Stock Purchase
Agreement.

As a result of the completion of the agreement, the Purchaser
will assume control of the Company and will replace the Companys
board of directors. The Company filed a Schedule 14F-1 on
December 23, 2016 to report the potential change in directors of
the Company which will occur without a shareholder meeting or
consent, but rather will occur as a result of the transaction. If
the change of control occurs and the new directors and officers
take office, the Company will report it on a Form 8-K as required
by Items 5.01 and 5.02 thereof.

The Stock Purchase Agreement may be terminated by Algodon if the
balance of the Purchase Price is not paid in full on or before
January 4, 2017 unless otherwise extended by agreement of all the
parties, or if the Purchaser fails to comply with the material
terms of the Stock Purchase Agreement. The Purchaser may
terminate the Stock Purchase Agreement if Algodon fails to
deliver the due diligence documents requested prior to December
29, 2016 unless otherwise extended by agreement of all the
parties, or if Algodon fails to deliver the documents
transferring the Shares to the Escrow Agent.

About MERCARI COMMUNICATIONS GROUP, LTD. (OTCMKTS:MCAR)

Mercari Communications Group, Ltd. is a shell company. The Company seeks to acquire a privately owned business with the intent that the Company becomes a publicly owned business. The Company intends to acquire interests in various business opportunities. The Company had no products or services as of May 31, 2016. The Company has not generated any revenues. The Company was engaged in the business of providing educational products, counseling, seminar programs and publications, such as newsletters to adults aged 30 to 50.

MERCARI COMMUNICATIONS GROUP, LTD. (OTCMKTS:MCAR) Recent Trading Information

MERCARI COMMUNICATIONS GROUP, LTD. (OTCMKTS:MCAR) closed its last trading session 00.000 at 0.150 with 4,768 shares trading hands.