UGIZ Completes Acquisition by AO Capital, Eyes Venezuela Oil & Gas Expansion

Unique Global Innovative Solutions Corporation (OTC: UGIZ) has completed its acquisition by AO Capital Partners, an affiliate of GBS Capital, marking the end of a lengthy and deliberate closing process. The acquiring parties focused on restructuring and converting a significant portion of the company's legacy convertible debt ahead of the acquisition to limit dilution and protect long-term shareholders. This approach was designed to address potential surprises from convertible debt and dilutive instruments before closing, rather than inheriting them afterward. The company extends its appreciation to debt holders who accepted reduced terms, demonstrating conviction in the incoming management team and the new direction of the business.

Javier Sanguino García, incoming Chief Executive Officer, acknowledged that the process took longer than expected but emphasized that the time was not wasted. He has personally made several trips to Venezuela to prepare for the closing and to ensure the company can hit the ground running on its oil and gas service operations. With the acquisition complete and the capital structure substantially cleaned up, the company intends to move quickly to establish its operations in Venezuela, drawing on Mr. Sanguino's more than 30 years of oilfield services and operations experience across Latin America.

The transaction was announced via NEWMEDIAWIRE. For more information, media can contact Crossfield Energy at [email protected] or visit https://crossfield.energy/. The press release also includes forward-looking statements regarding planned travel, event participation, business development, and future activities, which are subject to risks and uncertainties.