- Sibannac (OTCPK:SNNC) through its wholly owned subsidiary The Campus Community, will begin to spin off certain brands and companies who are past the startup phase and ready to file an S-1 registration to complete an IPO in their own name.
- These relationships with these target companies have been initiated through various sources, including Lifetime Branding, through the company's marketing partner Eric Stoll.
- These have standalone capabilities and existing revenues and are fully vetted through the Campus' incubation process.
- Sibannac (OTCPK:SNNC) said it was completing due diligence on various institutions to arrange and manage the offerings and to also uplist SNNC itself, however the new IPOs do not depend on SNNC's status.
- The plan is to have fully audited candidates who will be able to trade immediately on the NASDAQ.
- Source: Press Release