2022-04-13 | OTCPK: VRNID | Press release


LADY LAKE, Fla., April 13, 2022 (GLOBE NEWSWIRE) — via NewMediaWire —Palayan Resources, Inc. (OTCMarkets: PLYN) announced today that it is finalizing the due diligence process on a global FinTech company in the money transfer industry with the assistance of Small Business Development Group, Inc. (OTC: SBDG) (www.SBDGStock.com). Palayan Resources, Inc. (the “Company” or “Palayan” or “PLYN”) is a publicly traded, fully accountable emerging growth company. It was previously reported that Palayan had signed a “memorandum of understanding” to acquire the Global FinTech company; the company asked not to be identified at this time. The transaction is subject to standard due diligence, including audited financial statements for the FinTech company. SBDG led the due diligence process and acts as a strategic advisor.

“We have made significant progress in the due diligence process; we verify the acquisition target’s track record, market viability and validate its potential,” said James E. Jenkins, CEO and Director of PLYN. “We believe the FinTech company can support a transaction value of US$80 million and, more importantly, through its extensive global network of partners and technology, it has the ability to reach over $1 billion. US dollars in trading volume.”

The Global FinTech company which is Palayan’s target acquisition is based in Singapore, and the transaction was initially funded by SBDG SEA, SBDG’s Southeast Asia office in Kuala Lumpur, Malaysia.

This transaction involves several entities, the common thread being C2C Business Strategies, LLC which holds a majority stake in PLYN, and is also the management arm of C2C Private Investment Company. Roy Y. Salisbury, CEO and President of the Small Business Development Group, explains how the affiliates are working together for this transaction: “C2C seeks to create value for its stakeholders by capturing the trade-off value embedded in the private-public process. and is still looking for viable candidates for its publicly traded holding companies, SBDG and PLYN. SBDG is further along in the growth process and thus has access to the resources of its operations. Our SBDG SEA team helped find the target, as well as serving as ‘boots on the ground’ in Southeast Asia during the due diligence process. services of SBDG’s wholly-owned subsidiary, Stony Hill Advisors, a mergers and acquisitions advisory firm.”

SBDG will continue to assist PLYN with the next steps in completing this transaction. Palayan expects to complete this transaction in the second quarter of 2022, subject to a capital increase of US$15-25 million in the form of a 506(c) Series B Preferred Regulation D offering.

“This transaction is representative of the services that SBDG is rolling out here in the second quarter of 2022,” said Brian Jue, Chief Operating Officer and Administrator of the Small Business Development Group. “This proposed transaction for the acquisition by PLYN of an emerging growth private operating company touches upon many of the services offered by SBDG, including transaction sourcing, strategic advisory, private to public and mergers services. and acquisitions such as due diligence and valuation. Once completed, we will assist with public company compliance, marketing and access to additional acquisitions. Many of these services are provided by our internal subsidiaries.”

About Palayan Resources, Inc.

Palayan Resources, Inc. is a publicly traded holding company that seeks transactions on a managed basis, acquiring majority stakes in acquisition targets as subsidiaries of Palayan Resources, an emerging growth company. The company will focus on pursuing acquisition opportunities that can benefit private companies through PLYN’s public status, acquiring profitable and profitable operating companies with growth potential. Based in Lady Lake, Florida, PLYN is industry independent and opportunity driven.

For more information, contact menfo@palayanresourcesinc.com

About SBDG:

Small Business Development Group, Inc. (OTC: SBDG) is a publicly traded holding company on the OTC markets. SBDG has an active mandate to identify and acquire operating companies with a preference for small and medium-sized enterprises (SMEs and SMEs) based in North America, particularly those demonstrating modest but predictable growth and profitability in over time. Ideal candidates for acquisition have an enterprise value between $2 million and $50 million with positive cash flows between $500,000 and $5 million. SBDG’s intent for all acquisitions is to affirm or establish strong business fundamentals and drive revenue and profitability growth. SBDG’s goal is to grow and align portfolio companies in high-performing verticals and deliver value to its stakeholders.

For more information, visit www.SBDGStock.com

About C2C Private Investment Company LLC:

C2C Private Investment Company, LLC is made up of partners with over 200 years of combined experience. C2C PIC partners have participated in over 100 transactions with base values ​​ranging from $150,000 to $65,000,000.

For more information, visit www.c2cpic.com

Notice to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This press release does not constitute an offer to sell or a solicitation of offers to buy securities of any entity. The forward-looking statements contained in this press release are based on information available to us as of the date hereof. Our actual results may differ materially from those indicated or implied by these forward-looking statements, due to risks and uncertainties associated with our business.

Contact: Paul Knopick




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