GALENFEHA, INC. ANNOUNCES CREATION OF EMINENT AUTO GROUP SUBSIDIARY
West Palm Beach, Florida – February 18, 2021 – Galenfeha, Inc. (OTC:GLFH) announced today that it has filed with the State of Florida, organizational documents for Eminent Auto Group, LLC. The new entity will be a wholly owned subsidiary of Galenfeha.
“This is the first step, in a series of steps, that we plan to undertake to grow our vision of what we believe will be an exciting journey with Galenfeha and its shareholders”, stated Galenfeha’s Chief Executive Officer, Ryan C. Tyszkow. Mr. Tyszkow further stated, “We will begin to initiate transactions through organic development and acquisitions creating an eco-system around several industries that have been identified by me and our board.”
Eminent Auto Group will focus on developing and growing business’ directly related to automotive care, storage and sales primarily within the luxury automotive market. Eminent will be the member concierge service to “high performance” people. Our goal is to re-imagine the ultimate services around automotive acquisition and car care starting with on-demand vehicle servicing, buying, leasing and detailing.
“During the next ten (10) days, we will announce properties, website channels and an acquisition which will begin to mold our vision,” said Mr. Tyszkow.
Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.