FORT WORTH, TX--(NewMediaWire - May 31, 2016) - Cherubim
Interests, Inc. (OTC
PINK: CHITD) ("the Company"), an expansion-stage
alternative construction and real estate development company,
announces that it has acquired 100% of the membership interests of
Victura Roofing LLC., and Cherubim Builders Group LLC (Oklahoma)
from Victura Construction Group Inc. (OTC
PINK: VICT).
"When catastrophic weather events occur, people in the affected
regions need help immediately," states Patrick Johnson, CEO of
Cherubim Interests, Inc. "Help repairing their homes and living
spaces, before further damage is done and to limit the loss of
property due to inclement weather. Today, we are excited to
announce that the company has expand our capabilities to meet the
demands of Americans in some of the hardest hit areas of the
country."
"Oklahoma and Texas are no strangers to weather related
disasters -- but they're also some of the most determined people
when it comes to rebuilding their homes and their communities. CHIT
is there to help them rebuild."
Victura Roofing was a wholly owned subsidiary of Victura
Construction Group Inc., and is led by industry professionals with
a 20 year track record of success. Victura Roofing provides quality
work for internal Victura subsidiaries Gregg Construction and
WaterMasters Restoration as well as a platform for market business
opportunities in the Dallas/Ft. Worth Metroplex.
Cherubim Builders Group Oklahoma (CBG Oklahoma) is a general
contractor that focuses on opportunities in insurance restoration,
as well as multi-family and new home construction in the Oklahoma
City Region.
"This roofing acquisition is very important as it provides us
with immediate cash flow production, coupled with built-in
expansion capability into one of the most active markets for
damaged home repairs in the nation," states Patrick Johnson, CEO of
CHIT.
"With the acquisition of Cherubim Builders Group Oklahoma we
have an established, and registered- to do business entity in the
OKC metro region as we progress into this years' storm season,
which bears all the signs of being an active one."
The company initially executed an MOU to acquire Golden Eagle
Roofing LLC, but was not able to meet its closing deadlines due to
time constraints regarding approval of its recent corporate
action. "It was a blessing in disguise for the company as we
were forced to be patient and look at additional opportunities,"
states Patrick Johnson, CEO of CHIT. "We are excited to make
this revenue producing acquisition with a class of convertible
preferred stock, which allows us to invest any required cash into
the expansion of the business model and not towards the acquisition
cost. We will reach ROI faster this way, while adding more profit
to the bottom line sooner than initially expected," says
Johnson.
About Victura Roofing
Victura Roofing is led by industry professionals with a 20
year track record of success and a well established platform for
market business opportunities in the Dallas/Ft. Worth
Metroplex.
The company can be found at: www.victuraroofing.com
About Victura Construction Group
Victura Construction Group, Inc. (OTC
PINK: VICT), is a holding company focused on strategic
acquisitions within the construction industry that service both
residential and commercial sectors in new development and
construction projects, restoration and re-build following any
covered loss or catastrophic event and materials supply
opportunities within the industry.
Victura operates with excellent business practices and
management expertise, sound ethics, financial resources as
applicable, and utilizes strategic industry relationships to help
add to the success of any acquired company(s).
The company can be found at www.victuraconstruction.com
About Cherubim Interests Inc.
Cherubim Interests specializes in alternative construction
projects, as well as covering the entire spectrum of real estate
development: due diligence, acquisition, planning, construction,
renovation, and management; providing complete beginning-to-end
development programs for mixed use, single, and multifamily
projects and properties.
For more information, visit www.cherubiminterests.com
Safe Harbor Statement
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E and/or 27E of the Securities Exchange Act of 1934
that are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of
the company and the risks and uncertainties detailed from time to
time in reports filed by the company with the Securities and
Exchange Commission. Statements contained in this release that are
not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Although the company believes that the
expectations reflected in its forward-looking statements are
reasonable, it can give no assurance that such expectations or any
of its forward-looking statements will prove to be correct. Factors
that could cause results to differ include, but are not limited to,
the company's ability to raise necessary financing, retention of
key personnel, timely delivery of inventory from the company's
suppliers, timely product development, product acceptance, and the
impact of competitive services and products, in addition to general
economic risks and uncertainties.