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The Marquie Group, Inc. Announces Change of Control, Appointment of New Chairman and CEO
Globenewswireยท 2025-10-20 19:43
Core Insights - The Marquie Group, Inc. has undergone a change of control with the transfer of a majority of its voting securities to GETGOLF, LLC, completing the Stock Purchase Agreement dated September 18, 2025 [1] - Jeff Foster has been appointed as the new Chairman and CEO, succeeding Marc Angell, who will remain in a consulting role [2][4] - The acquisition of GETGOLF and its subsidiaries, which include Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf, is expected to enhance the company's revenue and profitability, with combined annual gross revenues exceeding $8 million and nearly $2 million in profit [4] Company Leadership Changes - The Board of Directors has unanimously approved the new leadership appointments and the expansion of the Board to include Kelly Kirchhoff as a new Director [2][3] - Jeff Foster expressed gratitude towards Marc Angell for his leadership and contributions during the transition [4] Financial Overview - The acquisition of GETGOLF is anticipated to significantly impact TMGI's financial performance, with the combined businesses generating over $8 million in annual gross revenues and an estimated profit of nearly $2 million [4] Corporate Communication - All updates and corporate filings related to the transition will be made available through the company's public disclosure channels, including SEC filings and OTC Markets disclosures [5]