- Full Alliance Group (OTC: FAGI) announces a strategic joint venture with Italian marketing group ECOMTEK SRL to boost e-commerce operations.
- The partnership includes a $50,000 media scaling capital, with a 50% profit participation until December 2025.
- An exclusive option allows FAGI to acquire a 51% controlling interest in ECOMTEK at a $1 million valuation.
Full Alliance Group, Inc. (OTC: FAGI) has entered a strategic joint venture with ECOMTEK SRL, aiming to enhance its e-commerce operations through its subsidiary, Pure Solutions Inc. This partnership grants FAGI immediate access to ECOMTEK's profitable wellness brands and established operational infrastructure.
The joint venture involves a $50,000 commitment from Pure Solutions for media scaling, recoverable via improved sales performance. The agreement offers a 50% profit participation until December 2025, alongside an exclusive opportunity for FAGI to acquire a 51% controlling interest in ECOMTEK at a $1 million valuation through a promissory note.
ECOMTEK's integration provides FAGI with a dedicated media buying team and advanced e-commerce platforms, enhancing operational capabilities via systems like Shopify, Checkout Champ, and Funnelish. The collaboration also expands FAGI's reach into the European market, increasing its competitive edge in the direct-to-consumer e-commerce sector.
William "Billy" Heneghan, COO of Full Alliance Group, commented on the joint venture as a transformative moment for their e-commerce strategy, emphasizing the combination of ECOMTEK's expertise with FAGI's existing framework to foster growth across its brand portfolio.
