UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
July 27, 2020
Date of Report (Date of earliest event reported)
333-188401
Commission File Number
| SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC. | ||
| (Exact name of registrant as specified in its charter) |
| Nevada |
| 99-0385424 | |
| (State or other jurisdiction of incorporation or organization) |
| (IRS Employer Identification No.) | |
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| 601 South Boulder Ave., Suite 600, Tulsa, OK |
| 46777 | |
| (Address of principal executive offices) |
| (Zip Code) | |
(260) 490-9990
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: None
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On July 27, 2020, Success Entertainment Group International, Inc. (OTCQB: SEGN) (the “Company”) issued a press release announced it qualified for disaster aid due to the pandemic and has funded two (“2”) transactions today, a One Hundred and Fifty Thousand ($150,000.00) long-term loan with the Small Business Loan Association for relief due to the pandemic and a One Hundred and Twelve ($112,0000.00) funding with Adar Alef, LLC (“Holder”), a New York limited liability company; the terms and conditions of which are set forth in the Company’s July 27, 2020 Form 8-K. These more conventional funding’s gives the Company the ability to assist with its planned acquisition model and needed expansion capacity for Utility Management Corp (“UMC”) and its subsidiaries, and future Personal Protective Equipment (PPE) market opportunities.
“Providing protection for our shareholders from unnecessary dilution as we build our Company’s cash flow and revenue opportunities is our primary goal.,” stated Company CEO, Billy Robinson.
The information in this Item 7.01, including the exhibit attached hereto, is furnished solely pursuant to Item 7.01 of Form 8-K. Consequently, such information is not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Moreover, the information in this Item 7.01, including this exhibit, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933.
Cautionary Statement Regarding Forward-Looking Information
This current report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends forward-looking terminology such as "believes," "expects," "may," "will," "should," "anticipates," "plans," or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC.
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Section 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: July 27, 2020 | By: | /s/ William Robinson | |
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| William Robinson | |
| President, Secretary, and Director |
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EXHIBIT 99.1
Success Entertainment Group International, Inc. Qualifies for Disaster Aid Relief and
Announces Receipt of $262,000.00 in Combined Funding
Tulsa, Oklahoma - (Newsfile Corp. – July 27, 2020) – Success Entertainment Group International, Inc. (OTCQB: SEGN), (the “Company”), announced today that it qualified for disaster aid due to the pandemic and has received funding in the form of two (“2”) transactions today, a One Hundred and Fifty Thousand ($150,000.00) long-term loan with the U.S. Small Business Loan Association for relief due to the pandemic, and a One Hundred and Twelve ($112,0000.00) funding with Adar Alef, LLC (“Holder”), a New York limited liability company; the terms and conditions of which are set forth in the Company’s July 27, 2020 Form 8-K. This funding gives the Company the ability to assist with its planned acquisition model and should facilitate expansion capacity for Utility Management Corp (“UMC”) and its subsidiaries, and future Personal Protective Equipment (PPE) market opportunities.
“Receiving capital on more favorable terms with the objective of making more acquisitions which we hope will ultimately provide value for our shareholders as we continue to build our Company’s cash flow and revenue opportunities is our primary goal,” stated Company CEO, Billy Robinson.
ABOUT SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC. (“SEGN”)
Success Entertainment Group International Inc. (OTCQB: SEGN), plans to operate three (“3”) infrastructure and financial-based models; Fiber optics; 5G and utility management; medical technology; PPE infrastructure products, e-commerce based organization; platform sharing; and database-membership financial growth management. Such revenue streams may contribute viable and steady growth to the Company.
ABOUT RENAVOTIO INFRATECH (“RII”)
RII is a holding company focused on infrastructure opportunities including medical, 5G, utility construction, utility management, IoT, water, waste-management technology, and related industries. RII initial targets along with recent medical protective gear are infrastructure companies with utility construction, consulting/operational agreements with small towns or county CO-OPS that operate their own water and sewer systems, providing long-term savings, utilizing smart-utility monitoring and dedicated engineering and service personnel. These platforms capture utility data from hand-held GPS devices or in-place sensors, with planned use of drones to identify waste contamination, leak detection, and topographic underground utility installation planning.
ABOUT UTILITY MANAGEMENT CORP (“UMC”)
Utility Management Corp is a holding company focused on infrastructure, 5G, utility construction, utility management, IoT, water and waste management technology, and related industries. One subsidiary, Utility Management and Construction (“UMCCO”), is an engineering and smart utility management company that provides a one-stop solution for rural communities to reduce the consumption of electricity, natural gas, and water utilities for commercial, industrial, and municipal end users. UMCCO’s unique approach creates immediate bottom line savings for clients, by providing the engineering, planning, permitting, and installation through their second wholly-owned subsidiary, Cross-Bo Construction (“Cross-Bo”), an Oklahoma limited liability company, specializing in water, sewer, Telcom, and 5G design and installation, establishing a long-term value proposition while also achieving respective sustainability goals.
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable US securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. No information in this Press Release should be construed in any manner as an indication of the Company’s future revenues, financial condition, or stock price.
IR Contact:
Success Entertainment Group International Inc.
Email Contact: brobinson@renavotio.com
Telephone: +1(504) 722-7402
Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 10th Floor
New York, NY 10020
Office: (646) 893-5835
Email: lisa@skylineccg.com
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