So far, April has been a landmark month for Turbo Global Partners Inc (OTCMKTS:DIBZ) aka DBZ International, which is a company that has a lot of irons in the fire, and is adding more all the time. In the past few weeks alone, the company has added no less than four new properties to its portfolio, with an LOI to acquire a fifth.
It began with the April 6th announcement that DIBZ had obtained the global license for OnNowTV®, a patented WEB Television Platform located at www.OnNowTV.com. DIBZ had previously been participating in a three-year beta testing run of the service (>View PR). OnNowTV® webChannels® give businesses and organizations the ability to use video to communicate their story to the world.
Less than a week later, Turbo Global Partners Inc (OTCMKTS:DIBZ) signed a letter of intent to acquire 100% of Indica Islands Company, which produces medical marijuana, cannabidiol products (CBD), and more, for the rapidly growing cannabis space (>View PR). Indica has a whopping thousand acres of growing and processing land in Kentucky.
This week, however, has brought not one but two eye catching announcements that are driving increased attention from the investment community to DIBZ’s doorstep.
First, Robert Singerman, CEO of TURBO, stated, “To support our go-to-market strategy of our global license of the OnNow TV® WEB Television platform and better serve our diversified interests, we have acquired two full-service niche video production companies, Avant-Garde Productions, LLC (AVANT-GARDE) and Zane Kuhle Studios, Inc. (KUHLE STUDIOS). Both of these stellar companies have served the needs of our wholly-owned subsidiary Turbo Communications, Inc. as lead vendors during the 3-year beta-phase of OnNow TV®, and now we can seamlessly integrate these company’s capabilities and experience into our business plan resulting in a media and communications group.” (Source: Marketwired)
But the real bombshell was dropped on Thursday, when the company made it public that it followed through with a previously announced letter of intent, and acquired Turbo Retail Management, formerly Goin’ Postal Franchise Corporation (GPFC), holder of the Walmart Supercenter Master Lease for retail postal franchises in the Southeast U.S. that are franchises of GP Brands, Inc. GP Brands is franchisor of 360 Goin’ Postal pack and ship retail franchise stores that are located throughout the United States as well as smaller franchise stores within Walmart Supercenters in the Southeast.
CEO Robert Singerman commented, “Our core focus as a diversified investment management company is partnering with companies that have long-term predictable cash flow anywhere in the world, and this transaction represents the ideal acquisition for our growing portfolio.” (Source: Marketwired)
In our humble opinion, anything tying a much smaller company to an absolute giant like Wal-Mart Stores Inc (NASDAQ:WMT) is sure to turn some heads, and if the company plays its cards right, add real value to its bottom line. Add in the fact that DIBZ has so much else happening that appears promising as well, and we’re really going to want to be sure not to overlook this stock.
Despite the overarching fact that the stock is only just recently waking up in terms of trading activity, we still like DIBZ for the numerous different projects it is pursuing, exemplifying a well-diversified portfolio in some interesting and trendy market spaces. It’s going to be an interesting series of storylines to follow for a long time to come. We’ll make sure that we stay up on any developments that happen with DIBZ, and pass them promptly along to our readers. Just enter your email into the box below to keep up to date on DIBZ. Your info is safe with us, so sign up now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in DIBZ stock, short or long.