Tsangs Group Announces Pulse Evolution Group becomes Facebank Group as Europe Acquisition Drives Digital Human Industry Growth Plan
Tsangs Group is pleased to announce that one of its portfolio companies, Pulse Evolution Group, Inc. (OTC: DGLF) changed the name of the Company to Facebank Group, Inc. and begin trading, effective, September 30, 2019, under the stock symbol FBNK
New Company Name: Facebank Group, Inc.
New Symbol: FBNK
Effective Date: Sep 30, 2019
New Website: www.facebankgroup.com
The name change is reflective of the Company’s objective to become the world’s leading digital human technology company, focused on the development, collection, protection and preparation of the personal digital likeness assets, of celebrities and consumers, for use in artificial intelligence, entertainment, personal productivity and social networking.
On August 15, 2019, the Company acquired Facebank AG, a Swiss holding company with control interests in a number of market leading digital solutions businesses, including a global ecommerce and software solutions platform that empowers the explosive growth of the digital human industry: digital likeness assets for celebrities, consumers, entertainment, games, and artificially intelligent chatbots and digital assistants.
On September 19, 2019, the Company, through its wholly owned subsidiary Facebank AG, completed its majority acquisition of Nexway AG, a German-listed digital solutions company with a global footprint to offer merchants around the world, including now its parent company Facebank Group, turnkey solutions for the management all of their global ecommerce needs and infrastructure, from product/apps download support, to payment processing and use of all major payment methods, to tax filings in all applicable jurisdictions worldwide, to compliance with data privacy and other applicable laws, to customer service and reporting.
Facebank Group CEO, John Textor commented, “With a strategy to the become the world leader in the emerging digital human and face-related industries, and supported by the technology and global distribution of our acquired companies, we are thrilled to make our immediate application, to the NYSE, as Facebank Group, with a brand that is truly as big as the market of consumers we intend to serve.”
About Facebank Group, Inc.
Facebank Group, Inc. (OTC: FBNK) is a digital human technology company, focused on the development, collection, protection and preparation of the personal digital likeness assets, of celebrities and consumers, for use in artificial intelligence, entertainment, personal productivity andsocial networking. Facebank Group, including its consolidated companies, is a globally recognized developer of hyper-realistic digital humans – computer generated assets that can be distributed across the full spectrum of traditional media and emerging display technologies, including live entertainment, virtual reality, augmented reality, mobile, interactive and artificial intelligence applications.
New Website: http://www.facebankgroup.co
About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond.
Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic.
From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.
For more information, please visit: https://tsangsgroup.co/.