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SNM Global Finalizes Agreement to Initiate Payment and Transition of 50% Stake in Paul Mitchell Schools Starting Jan. 1st

MIAMI BEACH, Fla., Dec. 12, 2017 (GLOBE NEWSWIRE) -- SNM Global Holdings (SNMN) (OTC:SNMN) an entertainment/media company is excited to announce terms have been executed to initiate payment and transition of a 50% stake of 2 Paul Mitchell schools in Rockville and Jessup, Md. starting January 1, 2018. SNM will complete transaction with a combination of cash and stock over 1st quarter of 2018 with an option to acquire an additional 25% stake thereafter.                                                                          

"This finalized agreement is huge for us. It will give us an established multi-million dollar revenue producing asset for SNM next year and going forward. Our management team is already working with current management closely to ensure a smooth and seamless transition," stated SNM CEO Troy Lowman. "We will look to expand and enhance our operations with exciting endeavors that are already in the works."  The schools consist of two facilities (modern 16,000 sq. ft. and 12,800 sq. ft. respectively.) 

Contact information:
Troy Lowman, CEO
Phone: 410-733-6551
Email: info@snmholdings.com

Safe Harbor for Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.