DALLAS, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Cherubim Interests, Inc. (OTC:CHIT) (“the Company”), an expansion-stage alternative construction and real estate development company, announces that it has signed a Letter of Intent to acquire USD $250,000,000 in Assets from NVC Fund LLC a Delaware, LLC (“NVC”), a wholly owned subsidiary of NVCFUND Holding Trust, respectively.
Said CHIT CEO Patrick Johnson: "The acquisition of these NVC Assets with Convertible Preferred Stock is a great way to bring substantial Net Asset Value to the company's books. Once the acquisition is closed, the company will posses the financial backbone to enhance our business capabilities exponentially moving forward.”
The Company has also executed a financing commitment of $100,000,000 to launch Initial Coin Offering for The Self Sustaining Intentional Communities Coin (Symbol SJT) The SJT Cryptocurrency is designed for cooperative living, working and healthier lives and offers extensible diversity in the use of the coin over current coins like Bitcoins for both financial and societal gain. The sale of the coins will generate the capital to create self-sustaining intentional communities across the US and across 57 nations. Municipal and rural infrastructures may be improved through the investment into eco-friendly housing and businesses that create products and services for the benefits of the community and to consumers. The sale of the goods and services will generate revenue that is reinvested back into every developed community.
The SJT coin will be the method of financial transactions within the intentional community and with its vendor partners. (White paper here) https://drive.google.com/file/d/1MdA80YlJ2GHcTvUGpA9sv0tCYkwjEFni/view?usp=sharing
“Holders of the coin will gain in profit sharing from this type of models where their digital wallets will be loaded with their percentage distribution of the allocated profit sharing pools. The coins can be used to purchase items in the community as well as with vendors accepting of the coin, to make the coin a true currency that is actively used by community members,” said Elder Jeffre Saint James, Trustee of Saint James Holdings and Investment Company Trust.
“The ability to create a viable alternative lifestyle in sustainable green buildings, renewable energy systems, independent clean water, co-op housing, employment, and organic farming for supportive manufactured products is a very meaningful and humbling venture to be a part of,” said CHIT CEO Patrick Johnson.
The companies have also agreed to add two new representatives from the trust to its board of directors, respectively.
“Once our audit is completed we will begin the process of application to either NYSE or NASDAQ and will begin debate once the new board is ratified,” said Johnson.
About NVC Fund Holding Trust
NVC Fund Holding Trust is a private equity investor in Natural Resources, Rare Earth, Oil and Gas, Entertainment, Real Estate Development, Private Banking, Trust Management, Wealth Aggregation, Investment Trading, Blockchain Technology, Fintech Cryptocurrency and Business Financial Services. We are a diversified investment holding trust.
Founded in 2000, NVC Fund Holding Trust is one of the largest and fastest-growing private equity investment firms in the world in terms of Asset Holdings. NVC FUND HOLDINGS entities manage assets supported by CPA firm audited financial statements valued over USD $10 trillion of Net Asset Value.
The company can be found at: http://nvcfund.com/Home.html
About The Self Sustaining Sustaining Intentional Communities Coin
The SJT Cryptocurrency is designed for cooperative living, working and healthier lives and offers extensible diversity in the use of the coin over current coins like Bitcoins for both financial and societal gain. The sale of the coins will generate the capital to create self-sustaining intentional communities across the US and across 57 nations.
For more information, visit https://stjameshdinvtrust.co/sjt-homepage/
About Cherubim Interests Inc.
Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.
For more information, visit www.cherubiminterests.com