PacificWave Partners Limited closed the acquisition of a controlling interest in CoConnect, Inc.
LOS ANGELES, May 5, 2014 – PacificWave Partners Limited (PacificWave Partners), an innovatory global merchant bank and investment management firm, announced that on May 1, 2014 it closed, on behalf of itself and a group of private investors based in Europe, the acquisition of a controlling interest in CoConnect, Inc. (OTCQB:CCON), a publicly traded Nevada corporation (the Company). The transaction consisted of the purchase from three of the Company’s shareholders of 2,582,767 shares of the Company’s common stock, representing 93.9% of the outstanding shares (excluding options and warrants). In addition, the selling shareholders surrendered for cancellation 100,000 shares of the Company’s Series B Preferred Stock. Other terms of the transaction were not disclosed. The Company is a publicly traded shell corporation with no current operations.