Free News Articles, Funding and Investment

Sunshine Capital, Inc. Appoints Honson Luma as VP to Assist In Its Plan to Enter the Cryptocurrency Market

HOLLYWOOD, Fla. -- Sunshine Capital, Inc. (Pink Sheets: SCNP / OTC:SCNP) today announces that it has appointed Honson Luma as Vice President of Sunshine Capital, Inc. and DIB Funding, Inc. to assist both companies' entry in the cryptocurrency market.

Originally from Miami, Florida but currently residing in Baltimore, Maryland, Honson Luma received a B.A. in Political Science/Public Administration from Florida Memorial University, and a Master's in Public Administration from Sojourner-Douglass College. He is currently pursuing his Doctorate Degree in Community College Education Leadership at Morgan State University (ABD). Mr. Luma is a seasoned futures and cryptocurrencies trader and uses his company, Space Age Investment Group/Consultant, LLC (SAIG) for its members to achieve financial independence. Mr. Luma brings an extensive knowledge of the cryptocurrency market - not only as a trader but as a creator and programmer of cryptocurrencies to his new role at Sunshine Capital.

"I believe in creating shareholder value and that is exactly what I plan on doing for these two companies," stated the newly appointed Vice President of Sunshine Capital, Inc. and DIB Funding Inc. "I intend to use all my expertise in the creating of cryptocurrencies to dramatically change how mergers and acquisitions are executed, with no debt or dilution to the Sunshine Capital shareholders, by making every acquisition the company executes a net positive to the company's balance sheet."

"What we are about to do in the cryptocurrency market is unique and will make the two associated companies leaders in the cryptocurrency market very quickly," he added.

"We are building a solid management team," stated Daniel J. Duffy, speaking on behalf of the Board of Advisors. "Since I am unable to run the companies myself, I have sought the necessary management skills for our executives to achieve the lofty goals which I have for the companies. I feel that cryptocurrencies have the same growth potential that many of the dot-com companies experienced. The difference is that with our management team, we will avoid the implosion that many of those companies experience. Mr. Luma is one of the best cryptocurrency creators in the business and can make us leaders in the cryptocurrency market. I am used to achieving large increases in companies' size and value in which I had an interest in the past and I believe Sunshine will be the best opportunity yet."

"It's an honor to have Mr. Luma on this management team," stated James R. J. Scheltema, President and CEO of Sunshine Capital Inc. "What Mr. Luma is going to help execute in the cryptocurrency market is going to shock a lot of people and I look forward to working with him."

MEDIA Contact:
James R. J. Scheltema
Sunshine Capital, Inc.
7777 Davie Road Extension Suite 302B
Hollywood, FL 33024
954-703-2538
http://www.pinksheetsscnp.com/

Forward-Looking Statements:
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in forward-looking statements.

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles, Real Estate

Bank of Southern California Provides $5 Million in Financing to OWB Real Estate Holdings, LLC

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has provided $5 million in financing as senior lender in part of a larger financing arrangement for OWB Real Estate Holdings, LLC. The financing was a combination of bank borrowing, and loans secured through the Federally backed New Market Tax Credit program. The financing provided funds used for the acquisition of land, improvements, and equipment of a shuttered beef slaughter and processing plant in Brawley, Calif., formerly operated by National Beef.

The acquired property includes a 337,000 square foot slaughter and processing facility located on approximately 87 acres. National Beef California, LP closed the plant in April 2014. In addition to the significant loss of local jobs, local cattle ranchers were forced to use processing plants located in central California, Arizona, and Texas which negatively impacted processing costs and yields.

OWB Packers, LLC, a related entity to OWB Real Estate Holdings, LLC will operate the new facility. It plans to reopen for production in Fall 2016. The reopening of the Brawley facility will reestablish a much-needed cost and competitive advantage for local cattle farmers and will effectively help redirect millions of dollars of revenue back into the Imperial Valley. It is anticipated that the reopening of the plant will result in significant job creation over the next several years.

"In preparing for this acquisition, we chose to partner with Bank of Southern California as the senior lender because of their local presence, their ability to quickly understand an extremely complicated transaction, and smoothly interact with our other lenders," commented Eric Brandt, President of One World Beef.

About OWB Packers:
OWB Packers is a custom toll beef processing provider and is part of the One World Beef family of companies. Based in Buena Park, Calif., One World Beef is a meat sales and marketing agent, distributing beef products to some of the finest restaurants, chefs and purveyors across the globe. One World Beef is an alliance of quality brands including Brandt Beef and Kagoshima Beef, and is the sole connection for international restaurants, chefs and distributors looking to provide exquisite American beef from Brandt Beef to discerning customers. Likewise, the company also works with restaurateurs in the United States providing genuine wagyu beef direct from Japan. More information: http://www.oneworldbeef.com/.

About Bank of Southern California
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed and offers a wide range of financial products to individuals, professionals and small-to-mid sized businesses. The bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with their clients. The bank currently operates seven offices in San Diego and the Coachella Valley in Riverside County.

For more information, visit http://www.banksocal.com/ or call (858) 847-4780.

*Logo: Send2Press.com/mediaboom/16-0217-banksocal-300dpi.jpg

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Free News Articles

Baldor Specialty Foods and Whole Foods Market Inc. Announce The Baldor Forager Launch at New Williamsburg Store

HUNTS POINT, N.Y. -- Baldor Specialty Foods, the premier ingredient source for NYC's best chefs, today announced a collaboration with Whole Foods Market's Northeast Region that will make the company's selection of unique culinary items available to home cooks for the first time through an in-store, digital kiosk called The Baldor Forager which will launch exclusively on July 26 in coordination with the grand opening of Whole Food Market Williamsburg, located at 238 Bedford Avenue in Brooklyn, N.Y.

The Baldor Forager is tailor-made for an era when retailers must compete for the business of an increasingly sophisticated customer.

Despite surging interest, specialty ingredients are rarely available through brick-and-mortar retailers. The inaccessibility of these items is reflected in search results, where two of the terms most commonly associated with a wide array of specialty ingredients are "where to buy" and "substitute."

When The Baldor Forager launches, it will satisfy the growing demand for wild mushrooms, heirloom produce and other items that were once the secret of the metro area's top chefs. The Baldor Forager's digital interface will encourage exploration, discovery and a retail experience focused on customization. Shoppers will be able to place their orders conveniently at The Baldor Forager kiosk and return for in-store pick-up in a day or two on average.

Baldor will curate items based on uniqueness, seasonality and popularity with celebrated restaurants like Estela and Daniel. At launch, offerings will include fresh, water-grown wasabi root, white strawberries and an unusual variety of lavender-hued mushroom from France called a Bluefoot.

Of the project, Baldor CEO TJ Murphy remarked, "High-quality, specialty produce has always been the core of our business. We're really passionate about the items available through The Baldor Forager and can't wait to share them with a new audience."

"At Whole Foods Markets, we're all about constantly improving the customer experience," said Tony Rajaram, Whole Foods Northeast Produce Coordinator. "We know our customers want to try new, special and exotic ingredients, however, it has been a challenge for us to stock fresh, unique produce items that are very fragile and have a short shelf-life. Now, our customers have the ability to order these items and have it delivered to the store, retaining the integrity of the product. The Forager is going to let us accomplish this simply and efficiently through our in-store kiosk."

About Baldor Specialty Foods:

Baldor Specialty Foods is one of the largest importers and distributors of fresh produce and specialty foods in Northeast and Mid-Atlantic regions. Beginning as Balducci's fruit stand in Greenwich Village in 1946, Baldor maintains its original promise - curate and deliver the best and freshest foods in the world. Baldor seeks to provide great specialty foods and logistics that give their customers an edge. To learn more, go to http://www.baldorfood.com/.

MEDIA CONTACT:
Lynn Munroe, 845-548-1211
lynn@maracaibomedia.com

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Free News Articles

Sunshine Capital, Inc. Acquires Small Cap Development, Inc. to Assist in Portfolio Acquisitions

HOLLYWOOD, Fla. -- Sunshine Capital, Inc. (Pinksheets: SCNP / OTC:SCNP) announces it has acquired Small Cap Development, Inc. to help with the execution of the Company's plan to acquire positions in multiple public companies.

"This acquisition is a necessary first step to Sunshine Capital, Inc.'s development and for what is about to happen," stated Daniel J. Duffy, speaking on behalf of the Board of Advisors. "Mr. Scheltema has joined this Company as President and CEO of Sunshine Capital, Inc. not merely because of his management skills, but because of his expertise in mergers and acquisitions of micro-cap companies. Mr. Scheltema is both a licensed attorney and certified public accountant and is the founder of Small Cap Development Inc. which makes him and Small Cap the perfect fit for developing a portfolio of companies under the Sunshine Capital umbrella."

Small Cap Development, Inc. offers companies assistance with the process of becoming a fully-reporting public company and compliance with OTC and SEC compliance requirements. Its time-tested and proven method is sensitive to the costs and time limits companies are concerned with when considering going public. The Company focuses on assisting public companies to remain in good standing with the SEC, FINRA and other regulatory authorities.

"I believe what Sunshine Capital, Inc. is about to achieve is going to be remarkable," stated James R. J. Scheltema, President and CEO of Sunshine Capital Inc. "I allowed my company to be acquired because combining the companies can benefit both companies more than having them remain free-standing."

Mr. Scheltema will receive shares of DIB Funding Inc. which is a private company in exchange for his ownership of Small Cap Development. This transaction is accretive and does not burden Sunshine Capital Inc. shareholders with any debt. Nor does it result in any dilution to current shareholders because it does not require any share issuances.

Phase One of the acquisition by Sunshine Capital, Inc. is effective as of June 30, 2016. Phase Two is the acquisition of various holdings in the Small Cap Development, Inc. portfolio, which is currently being negotiated. The companies anticipate closing these negotiations soon.

MEDIA Contact:
Sunshine Capital, Inc.
7777 Davie Road Extension
Suite 302B
Hollywood, FL 33024
954-703-2538

http://www.PinkSheetsSCNP.com/

Forward-Looking Statements:
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles

Sunshine Capital, Inc. Appoints James R J Scheltema as New President and CEO to Execute ‘The Duffy Plan’ for the Company

HOLLYWOOD, Fla. -- Sunshine Capital, Inc. (Pink Sheets: SCNP / OTC:SCNP) today announces that it has appointed James R J Scheltema as the Company's new President and CEO to execute "Daniel J Duffy's plan" of turning the Company into a well-structured, revenue, earnings and asset based company.

Mr. Scheltema is a licensed attorney in Maryland and the District of Columbia as well as being a Certified Public Accountant in Florida. In the last decade, he has concentrated on developing microcap companies. He was a founder of both HEMP and MJNA and was general counsel during their infancy. More recently, he provided services to many microcap companies to either maintain or bring them into compliance with SEC, OTC and FINRA standards. In several circumstances, he has accepted appointment as the President and CEO of a few special situation microcap companies.

"My education and experience provide the perfect springboard to lead a company which is focused on growth through acquisitions," stated James Scheltema, newly appointed President and CEO of Sunshine Capital, Inc. "Sunshine Capital provides the ideal platform for this type of company and I look forward to making smaller companies stronger through accretive acquisitions, alliances and cooperative operating agreements under the Sunshine Capital umbrella."

"With Jim's skill depth in mergers makes him the ideal candidate to execute the apt named 'The Duffy Plan,'" stated Daniel J Duffy, noted investor and Investment Trustee to his children's trust. "I have had many meetings with Mr. Scheltema and his conservative and careful style will be instrumental in making the Duffy Plan a reality in creating a growing company based on a strong foundation. I anticipate Sunshine Capital will be as successful as when I participated in 2003 thru 2008 including turning my first public company Preferred Internet Technologies from nothing to the final stage company Sebastian River Holdings of over $140 million dollars in executed and pending mergers and acquisitions, including the cash buy out of Global Communications Solutions (GCS Wireless) which turned my company into the largest T-Mobile authorized dealer in the Florida Market."

MEDIA CONTACT:
Sunshine Capital, Inc.
7777 Davie Road Extension
Suite 302B
Hollywood, FL 33024
954-703-2538

More information: http://www.PinkSheetsSCNP.com/

Forward-Looking Statements:
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in forward-looking statements.

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles

Bank of Southern California to Acquire Opus Bank Branch

SAN DIEGO, Calif. -- Bank of Southern California (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has reached a definitive agreement to acquire the deposits of the La Quinta branch of Opus Bank located at 78080 Calle Estado #101, La Quinta, pending regulatory approval. The sale is anticipated to close on or about August 19, 2016.

Opus Bank customers will continue to do business with their current Opus Bank branch until the sale is completed. At the close of the transaction, the deposits of Opus Bank's La Quinta customers will be transitioned to the existing Bank of Southern California La Quinta office. The two offices are approximately three miles apart from each other. At close, Opus Bank customers will also have access to Bank of Southern California's Palm Desert - El Paseo and Rancho Mirage branches.

"Bank of Southern California has been serving the Coachella Valley for nearly 6 years, and has quickly become known as the desert's community bank, replacing several hometown community banks that no longer exist. This acquisition leverages our existing presence in the Coachella Valley and continues our mission of building Bank of Southern California as a community bank focused on providing a high level of service with a relationship-based approach in the desert," commented Nathan Rogge, President and CEO of Bank of Southern California.

"This purchase will mark the fourth acquisition in the Coachella Valley for Bank of Southern California. In December 2010, the bank acquired the La Quinta and Palm Springs branches of Palm Desert National Bank as its entry into the Coachella Valley. In January 2014, the bank acquired the Palm Desert branch of AmericanWest Bank, and in December 2014 the bank acquired Frontier Bank dba El Paseo Bank through a purchase and assumption agreement with the FDIC," concluded Rogge.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed and offers a wide range of financial products to individuals, professionals and small-to-mid sized businesses. The bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with their clients. The bank currently operates seven offices in San Diego and the Coachella Valley in Riverside County.

For more information, visit http://www.banksocal.com/ or call (858) 847-4780.

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles, Software

Wells Fargo Approves Hybrid eClosings on Pavaso’s Digital Close Platform

PLANO, Texas -- Pavaso, Inc. (Pavaso), a provider of digital process and collaboration solutions for the real estate lifecycle (http://www.pavaso.com), announced that Wells Fargo has named Pavaso an approved vendor for "hybrid" eClosings. In a hybrid eClosing, select documents are printed and "wet signed," but much of the closing package is executed electronically. Effective immediately, Wells Fargo will accept loans closed on Pavaso's Digital Close(SM) platform using this hybrid process.

"I'm excited for two very big reasons," said Mark McElroy, CEO and president of Pavaso. "First, Wells Fargo's approval of hybrid eClosings conducted on Digital Close is a major milestone for digital closings in the industry. Hybrid eClosings allow quite a few documents to be handled electronically, making the closing process simpler and more secure for everyone involved. Second, the involvement of such a major retail bank validates that the industry is ready to walk an evolutionary path toward digital transformation. As early trailblazers of this path, this only makes us want to work harder to help the industry get to the next level."

The Pavaso Digital Close platform facilitates electronic communication and collaboration between the real estate agent, lender, title/settlement agent and borrower. The platform makes the closing process easier for all parties by providing a single location for the digital delivery of all disclosures, educational materials and other loan documents. Through Digital Close, lenders can execute a seamless eClosing process that provides superior transparency and borrower education.

Digitial Close also provides built-in eSign and eNotarization capabilities that allow borrowers to sign and notaries to verify and stamp documents digitally. Although Wells Fargo guidelines still require a few documents to be "wet signed," the majority of the closing package can now be executed more efficiently and securely. Pavaso's Digital Close platform accommodates paper, hybrid and fully digital closings.

"This is a long-awaited achievement for Pavaso, Wells Fargo and many in the industry who have long anticipated using Digital Close as their closing platform," said Nancy Pratt, Pavaso's vice president of partner relations and government affairs. "We intend to take this momentum and make the most of it."

About Pavaso:
Pavaso is redefining real estate for the real world by connecting everyone in the real estate lifecycle through powerfully simple innovation. For more information on how Pavaso's platform and solutions can help you meet TILA-RESPA compliance, digitally transform your organization and dramatically enhance the consumer experience, call 866.288.7051 or visit http://www.pavaso.com/.

About Wells Fargo:
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2015 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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Free News Articles

Sunshine Capital, Inc. Announces Approval of All Recommendations Made by Investment Trustee Daniel J Duffy, to Cancel 92% of Company’s Outstanding Shares

HOLLYWOOD, Fla. -- Sunshine Capital, Inc. (Pinksheets: SCNP / OTC:SCNP) today announced that the Board of Directors has approved all recommendations made by Advisory Board Member and Investment Trustee, Daniel J Duffy. Over the next 60 days the company will be cancelling 59,600,000 shares or 92-percent of the outstanding shares of the Company, decreasing the authorized from 1.5 billion to only 10 million shares and already has placed a "sale lock" for a period of one year on previous management.

"Every company has to structure it's self properly in order to succeed and that is exactly what the company is doing here," stated Daniel J Duffy, Investment Trustee of his children's trust. "Companies fail every day because they have too many shares outstanding, which dilutes ownership of the company - usually benefiting only company management. This company is going to put its shareholders first, which include my two children."

Sunshine Capital, Inc. is in the process of acquiring a profitable private company with millions in assets and also gaining large equity positions in existing public companies. These transactions, with the guidance of Daniel J Duffy, will be achieved with little or no dilution to the existing shareholders and be done with practically no debt, making all assets free and clear to its portfolio and its balance sheet. This accretive acquisition provides Sunshine Capital, Inc. with a higher book value, especially when coupled with the reduction in the number of outstanding shares.

The Company would also like to inform all shareholders that after the cancellation of the 59,600,000 shares, the Company will have under 8 million shares outstanding, and maintain a public float of only 450,000 shares, with no intentions of diluting the Company by issuing any shares that are not necessary.

All these steps are going to position Sunshine Capital, Inc. to achieve its goal of up-listing to the American Stock Exchange at a much more rapid rate.

MEDIA Contact:
Lindel Regis
Sunshine Capital, Inc.
7777 Davie Road Extension - Suite 302B, Hollywood, FL 33024
954-703-2538
http://www.PinkSheetsSCNP.com/

(Ticker: Pinksheets: SCNP / OTC:SCNP / Pink:SCNP / SCNP:US )

This news story was published by the Neotrope® News Network - all rights reserved.