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Private Equity Firm FGA Partners Expands Its Physical Commodity Business into Mongolia
June 30, 2019 – It was announced today that private equity firm FGA Partners “FGA” has made strategic partnerships that will allow the firm to expand its physical commodity business and certain business opportunities into the country of Mongolia. This will put FGA in the position of increasing its reach into Russia, Kazakhstan, India and China for physical commodities as well as for growth opportunities for its subsidiaries Megahoot and Spartan Modular Technologies.
This development will give Megahoot and Spartan Modular Technologies a path in the near future to develop business ventures with private non-government enterprises, real estate developers, government entities for public/private partnerships for affordable housing and infrastructure and secure a foothold in these regions for talent acquisition.
Mongolia has topped the list of one of the world fastest growing economies. Economic activity in Mongolia has traditionally been driven by the mining sector, which contributed approximately 24.7% of GDP since 2016, the remaining is based on agriculture, livestock, cashmere, apparel and wool hides. Its extensive mineral deposits of copper, coal, tin, tungsten, lithium and gold has opened opportunities for continued economic growth. Since Russia and China are some of Mongolia’s main importers any slowdown in growth in those countries could impact Mongolia directly. FGA’s inroads into Mongolia would allow the firm to potentially spark continued growth in exports for the country as well as growth in technology.
Various global companies have business dealings in Mongolia currently such as Ivanhoe Mines, Rio Tinto, Kincora Copper, Terra Energy, Aspire Mining, Nova Mining, Manas Petroleum, Goldman Sachs, Solomon Resources, Xanadu Mines and KPMG.
The growth prospects for FGA and its subsidiaries are in line with the firms plan of action to continue to develop opportunities globally in smart technology and Cybersecurity, affordable modular structures utilizing smart technology and physical commodity exports for clients.
About FGA Partners
FGA Partners, formerly Falcon Global Acquisitions, was founded in 1998 and is a private equity firm with a keen focus on technology driven companies in the cybersecurity, smart technologies and blockchain technology arenas. The focus is on companies that have synergy with current FGA subsidiaries, companies that may have been mismanaged, may have little to no access to additional capital or may have been stunted due to lack of organic growth.
For more information please go to www.fgapartners.com
About Megahoot LLC
Megahoot is a Technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. Products include the Megahoot Vault which is a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and soon digital documents. With the use of blockchain technology Megahoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. Megahoot LLC is a wholly owned subsidiary of FGA Partners. For more information on Megahoot please go to www.megahoot.com.
About Spartan Modular Technologies
Spartan Modular Technologies is a technology company that is revolutionizing how construction is done today via next generation modular construction. Spartan is in the business of manufacturing smart technology modular builds for both residential and commercial purposes, these builds incorporate green technology to achieve Net Zero Standards as well as other next generation smart technology. This smart technology will be also be used for next generation Command Center builds, stand alone educational units and more. The Spartan panelized smart technology system will be used in the renovation within hotels, office buildings, hospitals and medical offices. Spartan via their parent company FGA Partners (Falcon Global Acquisitions), works closely with developers, governments and land owners in the development of affordable, middle market and high end modular homes. As well as both small and large scale commercial projects all incorporating innovative smart technology modular construction. This is both domestically and internationally. For more information please go to www.spartanmodular.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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