DigiLava, Inc. Announces Merger Agreement

DENVER, CO / ACCESSWIRE / April 23, 2015 / DigiLava, Inc., (PINKSHEETS: DGLV) announced today that it has entered into a stock swap agreement whereby it will acquire 100% of the outstanding interests of WGE Enterprises, Ltd., a Nevada limited liability company. The transaction was approved by order of the Receiver for DigiLava Corp. and is subject to customary review and final approval by the court.

WGE Enterprises, Ltd., is in the process of acquiring various assets and operating companies throughout the country. Recently, it entered into a agreement to own and operate six full-service restaurants and bars, all under the name of Mulligan’s Beach House Bar and Grill located in South Florida (Sebastian, Vero Beach, Stuart, Jensen Beach, Lake Worth and Lauderdale by the Sea, FL). These restaurants serve breakfast, lunch and dinner 365 days a year focused on fresh food, a family oriented environment and a casual dining atmosphere in line with the southern Florida beach and scenery. This acquisition includes the real estate on which one (1) of the restaurants operates. The Mulligans’ group of restaurants are currently generating in excess of $20 million in annual revenue. WGE is developing plans to open additional sister restaurants throughout the country under this same brand. Further terms of the acquisition of Mulligans is currently subject to confidentiality restrictions and will be released upon the closing of the transaction.

DigiLava expects to conclude its acquisition of WGE Enterprises in the next thirty (30) days.

Forward Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward looking statements in this release are made as of the date hereof and All Asia Licensing, Inc. undertakes no obligation to update such statements.

Contact:

DigiLava Corp.
Robert Stevens
720-442-7000
Receiver

SOURCE: DigiLava Corp.

ReleaseID: 428140