Pittsburgh, PA, Dec. 26, 2023 (GLOBE NEWSWIRE) — Himalaya Technologies, Inc. (OTC: HMLA) announces it intends to enter the cryptocurrency market through an investment agreement with its CEO Vikram Grover, who recently received a substantial default judgment against an operator of a crypto tech ecosystem including cryptocurrency exchanges, crypto coins and tokens, and value added blockchain products and services. Specifically, on December 20, 2023, Vikram Grover was notified that he won a default judgment of $57,903,750.00 not including damages and legal fees for Case No.: 1:21?cv?05054 in the United States District Court for the Northern District of Illinois Eastern Division. The complaint, filed on or around September 3, 2021, is Vikram Grover v. Net Savings Link, Inc., Wilton Group, Limited, Wilton UK (Group), LTD, Wilton Group, Limited, China Food and Beverage Co., and James Tilton.
Mr. Grover, who is our control shareholder, has agreed to enforce the judgment and seek control of the defendantsâ€
Said Vik Grover, CEO: “The default judgment, which I was notified of last week, is the culmination of a business dispute from several years ago that drove me to file legal action in federal court in 2021. Now entering the collection and enforcement stage of this process, I believe the business assets at Net Savings Link, Inc. and China Food and Beverage Co., have significant upside within the framework of a properly capitalized, fully reporting audited public company such as Himalaya that can raise institutional capital. Comparing the Net Savings Link, Inc. and China Food and Beverage Co., current market capitalizations to HMLAâ€
Summary of Investments and Assets of Net Savings Link, Inc.:
https://www.otcmarkets.com/otcapi/company/financial-report/388998/content
Disclaimer
There are currently no merger agreements, plans of merger, or investment agreements signed between Himalaya Technologies, Inc. and any of these potential target transactions. Both Vikram Grover and Himalaya have signed a memorandum of understanding (“MOUâ€) to explore the infusion of these businesses, investments and assets into the Company pending collection efforts. There are no assurances that Himalaya will successfully finance any business or close any of the aforementioned potential strategic transactions. Further information on the legal case, judgment, and MOU are available on the SECâ€
About Himalaya Technologies, Inc.
Himalaya Technologies, Inc. ( https://www.himalayatechnologies.com ) is a publicly traded entity (OTC: HMLA) focusing on minority and majority investments in businesses seeking access to growth capital to fulfill their own business plans and create value for their stakeholders and the Companyâ€
Forward Looking Statements:
Statements in this press release about our future expectations, including without limitation, the likelihood that Himalaya Technologies, Inc. will be able to meet minimum sales expectations, be successful and profitable in the market, bring significant value to Himalayaâ€
Investor Contact :
Investor Relations
(347) 323-9581
info@himalayatechnologies.com
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